The $850bn Green H2 game everybody wants to play – 2050 forecast

There are still some hydrogen doubters out there, but the emergence of a global hydrogen marketplace of about 6 times the current market size, is pretty much now inevitable. Rethink predicts that in 2050 the green hydrogen market will be valued at $850 billion and the world will have installed over 5 TW of electrolysis capacity, feeding multiple industries from ammonia to shipping fuel to fertilizers, heavy duty trucking, aviation, steel making and both bio-fuel refining and methanol production. All this will be achieved with the help of around 650 GW of electrolyzer manufacturing capacity, built between now and 2050. By that time the electrolyzer market will have made cumulative sales of $2 trillion which will represent quite a return…