Ten trends in global hydrogen energy development in 2022

2022-03-05 15:36
Recently, Bloomberg New Energy Finance recently released the 2022 hydrogen market forecast report. While affirming the development of global hydrogen energy in 2021, it summed up the ten trends of development in 2022, and believes that the hydrogen energy market in the United States, Europe and China will become a hydrogen energy market. main driver of development . The ten trends of global hydrogen energy development in 2022 are as follows:
1. Electrolyzer sales quadruple, China will be the largest market
In 2021, global electrolyzer deliveries for hydrogen production will reach 458 MW; in 2022, global electrolyzer deliveries will at least quadruple to 1.8-2.5 GW. Electrolyzer deliveries in the Asia-Pacific region (mainly China) ranged from 1.3 to 1.8 GW, with the most important driver coming from Chinese state-owned enterprises, which urgently need to increase hydrogen production in order to achieve the decarbonization targets set by the government. The demand for troughs will account for 62% to 66% of the total demand in the region. Compared with previous years, the global electrolyzer market will set off an unprecedented boom.
2. The United States will announce the launch of a large number of hydrogen energy projects, but the thunder is heavy and the rain is small
The United States will be the second largest electrolyzer market after China. Since the U.S. government plans to invest billions of dollars in hydrogen fuel development as part of the Infrastructure Investment and Jobs Act, many companies will submit a large number of project applications in order to obtain funding, but due to the investment period of the next 5 years, the corresponding construction is very likely lag.
3. European subsidies will stimulate the development of the hydrogen energy market
Hydrogen energy companies in Europe have been waiting for the introduction of relevant national subsidies and regulatory policies in order to implement hydrogen energy projects. With the release of a batch of EU funds and the launch of the subsidy program of each member state, the announced projects will start construction in 2022, and the subsidy policy
4. Hydrogen energy companies go public
At present, hydrogen energy projects around the world are highly sought after by funds. Data shows that at least four hydrogen fuel companies plan to go public in 2022, such as Italian electrolysis equipment company Industrie De Nora SpA, which is now seeking an initial public offering (IPO) on the Milan stock exchange; eCombustible Energy, which produces hydrogen-based synthetic fuels Company, is planning to merge with a US company to go public.
5. Significant increase in the number of countries developing hydrogen strategies
The data shows that the number of countries developing and implementing hydrogen energy strategies in 2021 has doubled from 2020, from 13 to 26. In 2022, another 22 countries may formulate and implement hydrogen energy strategies. Although these strategies take different paths, if the hydrogen energy strategies of the United States, Brazil, India and China are dominated by promoting the application of clean hydrogen energy in related fields, it is very likely to redraw the world hydrogen energy development roadmap.
6. The "net zero" target has become the main driving force for increasing the demand for hydrogen energy
A carbon tax was once the key to growing demand for clean hydrogen—almost a consensus among industry, national policymakers, and even some institutions. But in the long run, both the low carbon tax and free quotas have eroded its impact to some extent, and the net-zero emissions targets set by countries and companies will be a driver of stronger hydrogen demand, making the 2022 hydrogen Can need to go to the next level.
7. Heavy industry will dominate demand for clean hydrogen
Heavy industry is likely to be the primary use case for hydrogen as the world strives to reach its 2050 net-zero emissions target. It is estimated that in 2022, the consumption of clean hydrogen in the five industries of iron and steel, ammonia production, methanol production, chemical industry and oil refining will exceed the consumption of 51,000 hydrogen-powered vehicles in the world.
8. The number of green ammonia projects (announced) may increase
Until hydrogen pipeline transportation is realized, the best way to transport hydrogen is still through ammonia. The relevant supply chain has been basically completed, and many hydrogen energy companies will use this relatively mature technology to realize the cross-border transportation of hydrogen. It is expected that a large number of related projects will be announced in 2022.
9. The development of blue hydrogen projects depends on relevant support policies
Green hydrogen will be cheaper than blue hydrogen globally by 2030 as the price of electrolyzers falls rapidly. Policy support is very important to the development of blue hydrogen projects, and related companies increasingly need policy subsidies to survive.
10. Alkaline electrolyzers will account for a large market share
The two most mature technologies for producing green hydrogen are alkaline electrolysis and proton exchange membrane (PEM) electrolysis. It is expected that in 2022, the share of alkaline electrolysis products in the global electrolyzer market will exceed that of 2020 and 2021 combined, accounting for 75% to 78% of shipments. The main reason is that alkaline electrolysis units are cheaper and more suitable for larger projects. Compared with 2021, more related projects will start construction in 2022.
(Source: China Petroleum and Chemical Big Data, if there is any infringement, please inform and delete)


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