Global hydrogen demand continues to grow but faster action is needed to reach Net Zero Emissions target by 2050

The momentum behind hydrogen remained strong over the past year. Nine countries – which cover around 30% of global energy sector emissions today – released their national strategies in 2021-2022.

On the supply side, electrolyser manufacturing capacity has doubled since last year, reaching nearly 8 GW per year; and the realisation of all the projects in the pipeline could lead to an installed electrolyser capacity of 134-240 GW by 2030, twice the expectations from last year.

Nonetheless, these laudable developments still are below what is needed to get on track with the Net Zero Emissions by 2050 Scenario. Faster action is required on creating demand for low-emission hydrogen and unlocking investment that can accelerate production scale up and deployment of infrastructure.

Global hydrogen demand by sector in the Net Zero Scenario, 2019-2030