Report Finds Emerging Hydrogen Applications Coupled with Government Policy Instruments Can Stimulate Demand and Unlock Economies of Scale
Recommendations include mitigating risk to procure hydrogen infrastructure investment and developing policies for the hydrogen supply chain to scale demand
A new report from Guidehouse Insights examines emerging hydrogen end-use candidates that are expected to become mainstays in the future and provides recommendations for industry stakeholders, regulators, and governments.
Hydrogen is expected to play a critical role in large-scale decarbonization, however the cost of production from low carbon energy sources can be prohibitive. Governments have developed roadmaps, policies, and subsidies to reduce costs. Yet, scaling the hydrogen economy is expected to also require measures to increase demand. According to a new report from Guidehouse Insights, emerging hydrogen applications coupled with government policy instruments to stimulate demand can support scaling of the hydrogen economy.
“Hydrogen integration is constrained by its alignment with customer preferences and conveniences,” says Shan Chakraborty, senior research analyst with Guidehouse Insights. “Unlocking sustained economies of scale for hydrogen requires a step change in its demand.”
According to the report, stakeholders must not only focus on key sectors for hydrogen innovation, but also mitigate risk to procure investment in the hydrogen infrastructure. These measures must be coupled with government policies applicable to the supply chain.
The report, Emerging Hydrogen End Uses, explains emerging hydrogen end-use candidates that are expected to become mainstays in the future. These applications, coupled with government policy instruments, have the potential to unlock more projects and to support scaling the hydrogen economy. An executive summary of the report is available for free download on the Guidehouse Insights website.
*The information contained in this press release concerning the report, Emerging Hydrogen End Uses, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.