We use cookies
to help provide you with a good experience on our website. By continuing to browse the website, you are agreeing to our use of cookies.

Too big to fail: five hydrogen trends to watch in 2022


Too big to fail: five hydrogen trends to watch in 2022

The research highlights the following trends shaping the hydrogen economy development path in the coming year.

1: Electrolyzer installations grow as projects get bigger

This year could see approximately 400 megawatts (MW) of electrolyzer projects installed around the world. The average project size will be coming in at around 16 MW.

2: Concrete subsidy mechanisms for hydrogen

Countries started announcing specific mechanisms for hydrogen subsidies, particularly renewable hydrogen. Countries can take some of the lessons the renewable energy sector had to learn when it came to applying multiple subsidies and fiscal incentives.

3: New announcements still dominated by production via electrolysis

New players entering the industry, with suppliers such as SMA Solar Technology, Sungrow and Longi Solar launching electrolyzer platforms, while developers like NextEra are partnering with other companies to
participate in infrastructure and supply projects. Overall, electrolysis will continue to dominate over fossil-derived hydrogen production.

4: Developing regions emerge as supply centers

Australia and Western Europe led globally with their respective hydrogen supply project pipelines in 2021 in terms of tonnes of production capacity. However, the following five biggest regions are developing ones including West Africa, South America, the Middle East, Oceania (not including Australia and New Zealand) and Central Asia.

5: Ammonia is increasingly used as a carrier for hydrogen – drives demand

Among the carriers for hydrogen, ammonia is quickly standing out as one of the most popular choices. Ammonia benefits from having the existing infrastructure in place for global trade, as well as a healthy
demand of 150 million tonnes per annum from the fertilizer industry.

Rystad Energy is an independent energy research and business intelligence company providing data, tools, analytics, and consultancy services to clients exposed to the energy industry across the globe. Knowledge partner of the Go Net Zero Energy and Go Hydrogen business summits (20-22 Sep 2022, Brussels).

Visit Rystad Energy Research Center to download this white paper pdf

Relevant news

The role of energy transition in the energy crisis
HydrogenOne joins Shell in investing in offshore hydrogen specialist
HydrogenOne signed definite agreements for an £8.4mln investment.
Nel to double electrolyser manufacturing capacity to 1GW on green hydrogen tailwinds in US and Europe
Recent 200MW order is ‘not a one off’ says Norwegian company as it eyes expansion into North America.
Mass produced BMW hydrogen vehicles could be here as soon as 2025 with help from Toyota
BMW revealed the iX5 Hydrogen, a hydrogen fuel cell-powered version of the standard X5 SUV.
Where do CO2 emissions come from in North-West Europe? Rystad Energy report
The overall CO2 footprint amounted to about 24 million tonnes in 2020, equal to 2-3% of the global upstream CO2 emissions, while producing about 4% of the world’s hydrocarbons.
Aramco and SABIC AN receive world’s first certificate for blue hydrogen and ammonia products
Aramco and the SABIC have obtained certifications for “blue” hydrogen and ammonia production.