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Hydrogen Insights

Hydrogen Insights A perspective on Hydrogen investment, market development and cost competitivenessFebruary 2021 Hydrogen Insights Report 2021 Hydrogen Council, McKinsey & CompanyPublished in January 2021 by the Hydrogen Council. Copies of this document are available upon request or can be downloaded from our website: This report was authored by the Hydrogen Council in collaboration with McKinsey & Company. The authors of the report confirm that: 1. There are no recommendations and/or any measures and/or trajectories within the report that could be interpreted as standards or as any other form of (suggested) coordination between the participants of the study referred to within the report that would infringe EU competition law; and2. It is not their intention that any such form of coordination will be adopted. Whilst the contents of the Report and its abstract implications for the industry generally can be discussed once they have been prepared, individual strategies remain proprietary, confidential and the responsibility of each participant.

A. Road transport and mining equipment 28 B. Ammonia 31 C. Steel 32 D. Sustainable shipping fuels 34 ... the industry has announced more than 200 ... driven by at-scale deployment and low financing costs. 2030 renewable costs could be

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Path to hydrogen competitiveness A cost perspective

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A path to hydrogen cost competitiveness 1 TCO defines the total costs incurred by a customer over the lifetime of using an application, including capital, operating, and financing costs. As public pressure is rising to limit global warming to 1.5 degrees Celsius, global leaders are grappling with how to best take on this unprecedented challenge.

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Jul 14, 2021 · end-use sectors can pave the way for the hydrogen economy. These policy tools help provide direction and market foresight to the industry. For example, as part of the implementation of the EU Hydrogen Strategy, the European Commission recently announced its …

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Hydrogen scaling up 8 On the demand side, too, hydrogen molecules are a critical complement to electrons in the challenge of far-reaching decarbonization.

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The EU’s stricter CO2 targets for 2030 have supported the increase of carbon prices to USD 55/tCO2, and the UK government has committed to signing the world’s most ambitious climate change target into law: cutting 1990 emission levels by 78% by 2035.

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Demand for hydrogen and its cost- and carbon- cutting role ... aviation and maritime applications above and beyond biofuels where feedstock availability is ... Steel could account for about 4% of hydrogen demand in 2030 while driving nearly 20% of emissions reductions that year.

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