Hydrogen Energy Outlook: Bridging the Gap from 5% to 15%

DNV CEO Remi Eriksen warned consumers that hydrogen usage globally needs to triple by 2050 to be in compliance with the Paris Agreement. “Hydrogen seems to be everywhere and nowhere,” he said during a recent webinar.

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Giving hydrogen a larger role in the global energy mix is critical to reaching goals set by the Paris Agreement but doesn’t come without its share of risks, experts in DNV’s Hydrogen Forecast to 2050 webinar said on June 14.

“Hydrogen seems to be everywhere and nowhere,” DNV group president and CEO Remi Eriksen said in the webinar. “A lot of people are talking about the big role hydrogen can take in the energy transition, but the amount of low-carbon, renewable hydrogen produced today is very, very small.”

According to DNV’s report, hydrogen should comprise 15% of the global energy mix by 2050 but is currently projected to make up only 5%. Eriksen also noted that in terms of delegating clean energy sources, hydrogen should only be used for hard-to-abate sectors such as aviation, maritime and high-heat manufacturing.

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Madison Ratcliff

Madison Ratcliff is an associate editor for Hart Energy's editorial team.