Analyst Insight: Leading Countries for Green Hydrogen Production

Despite widespread ambitions for hydrogen adoption, a relatively small number of countries account for a dominant share of planned green hydrogen production capacity. This Analyst Insight provides an overview of the ten countries expected to be leading up to 2030. Countries with high hydrogen demand, such as Germany and the UK, are expected to see the most near-term deployments. On the other hand, renewable energy rich countries such as Australia, Spain, and Chile show the largest projected capacity increases by 2030.

Significant barriers remain to the establishment of a global hydrogen economy. In policy terms, disagreements over the allocation of public funds and the criteria used to assess the climate credentials of hydrogen production pathways provide ongoing challenges. Technologically, continued improvements are needed to reduce the costs of green hydrogen and enable sustained cost parity with hydrogen produced from fossil fuels. In the commercial arena, innovative business models are required to reduce investment risks and help develop new markets and infrastructure.

This second iteration of Guidehouse Insights’ Hydrogen Electrolyzer Tracker’s Analyst Insight summarises the key findings of the tracker, outlines important market trends, provides a rundown of notable projects, and delivers recommendations to industry stakeholders.