Nov 02 2022
As global organizations accelerate their decarbonization strategies, hydrogen has emerged as a promising solution to decarbonize hard-to-abate sectors. Demand for hydrogen, which has grown more than threefold since 1975, continues to rise. Approximately USD 37 billion has been committed to as part of hydrogen strategies adapted by various countries in addition to the private sector announcing a USD 300 billion additional investment. In contrast, achieving net zero emissions goals by 2050, investment of USD 1 200 billion will be required in low-carbon hydrogen supply and use through to 2030.
Even though so much is at stake, this market currently lacks a consistent and universally accepted methodology to vet the environmental credentials of a given unit of hydrogen. Transparent and credible asset-level measurement protocols and related tools have yet to be developed, leaving a gap that undermines the ability to make informed investment decisions related to ESG goals and other net-zero commitments.
To address this market problem, GTI Energy, S&P Global Commodity insights, and the National Energy Technology Lab (NETL) have come together to form the Open Hydrogen Initiative (OHI), purposed to support the development of impartial, credible, transparent, and open-sourced tools to assess the carbon intensity of hydrogen production at the asset level. These tools will provide the ability to make like-to-like comparisons across facilities and investments so that stakeholders throughout the value chain can have full confidence in making business decisions. The creation and adoption of these technical protocols will help build and harmonize the hydrogen market, contextualize climate solutions, advance transparency and support global trade in low-carbon hydrogen.
Join us on November 2 as together we shine a timely light into this emerging market, showcase our latest research and provide you with a clear path and tools to progress toward your net-zero goals.