Research unit Rethink Energy says the value of the green hydrogen market could reach $850 billion by 2050.
Rethink energy predicts the green hydrogen market to reach $850 billion in 2050, driven by the installation of more than 5 TW of electrolysis capacity. The report highlights the importance of approximately 650 GW of electrolyser manufacturing capacity and expects $2 trillion in cumulative sales, resulting in a significant return on the $111 billion investment in electrolyser gigafactories. The hydrogen industry is poised to follow the trajectory of the LNG market, with major players such as the US, China, Australia, Chile and certain countries in Europe and Africa dominating global supply. Although certain links in the supply chain and scarce elements may pose challenges, overall electrolyser prices are expected to continue to decline. Green hydrogen is predicted to be the leading hydrogen production method by 2039.
Hydrogen Europe states that global ammonia production, led by the Asia-Pacific region, has grown consistently over the past four years and will reach 185 tonnes (MT) in 2020. The organization emphasizes that the procurement costs of renewable hydrogen would break even by around €3.0/kg at a natural gas price of €50/MWh (IEA 2025 price forecast). However, if the price of natural gas falls to a historical level of around €20/MWh, significant pressure would be placed on hydrogen delivery costs, in which case the break-even point would shift to around €1.6/t. Ammonia currently accounts for almost a third of hydrogen consumption in Europe, making it the second largest consumer after oil refining. As the importance of crude oil refining decreases, the role of ammonia is expected to increase.
Masdar and Airbus have agreed to support development the sustainable global development of the jet fuel market. The collaboration focuses on sustainable aviation fuels (SAF), green hydrogen, Direct Air Capture technologies and “book and request” solutions. Masdar is leading an initiative to utilize green hydrogen for sustainable jet fuel (SAF) production and is working with licensors to certify a new methanol-based method.
Wood is working with gas distributor SGN to accelerate plans for critical hydrogen transmission infrastructure in Scotland and southern England. “Over the next 12 months, Wood will deliver three pre-FEED studies to determine the route and design of new dedicated hydrogen pipelines and associated transmission infrastructure.” said consulting and design company.
Cheers said Pan-Ledi has selected the Jenbacher J420 engine for a 1 MWe combined heat and power project in Nova Pazova, Serbia, to generate electricity for electric vehicle charging. The contract includes a container CHP unit with an output of about 1 MWe. According to the energy solution and service provider, Jenbacher’s CHP plant runs on hydrogen produced by an electrolyzer powered by a solar power plant near Cuprija. The hydrogen is temporarily stored before it is transported from Cuprija to Nova Pazova. Delivery and commissioning of the Jenbacher CHP plant is expected in the last quarter.