Hydrogen in Power: Strategic Intelligence

Explore hydrogen in the power sector, including green and blue hydrogen forecasts, production technologies, utility strategies, global projects, and market trends through 2030.

Why Does Hydrogen Matter to the Power Sector?

Hydrogen is gaining renewed attention as power markets seek firm, low-carbon energy options to complement variable renewable generation and strengthen energy security. For power utilities, hydrogen presents potential opportunities to diversify generation, support decarbonization strategies, and develop new business models across the energy value chain.

GlobalData projects that blue hydrogen will lead near-term capacity growth, supported by its lower production costs and the availability of existing gas infrastructure. However, green hydrogen is expected to expand rapidly, increasing from 614.5ktpa in 2025 to 2,182.1ktpa in 2026 and reaching a projected 64,959ktpa by 2030. This would place green hydrogen ahead of blue hydrogen, which is forecast to reach 11,763.7ktpa by the same year.

Major economies, including the EU, China, Japan, India, Australia, and the US, are refining and accelerating their national hydrogen strategies. These developments are shaping the regulatory, technological, and investment environment for hydrogen adoption in the power sector.

GlobalData’s Hydrogen in Power Theme Analysis examines the strategic relevance of hydrogen to power markets and utilities, covering market forecasts, production technologies, regional developments, projects, utility use cases, and competitive strategies.

Key Insights in Hydrogen in the Power Sector

• Hydrogen’s strategic role: Hydrogen is being reassessed as a firm, low-carbon option that can complement variable renewable generation and support energy security.
• Near-term blue hydrogen growth: Blue hydrogen is expected to lead near-term capacity additions due to lower costs and the availability of existing gas infrastructure.
• Rapid green hydrogen expansion: GlobalData projects green hydrogen capacity to increase from 614.5ktpa in 2025 to 2,182.1ktpa in 2026.
• Green hydrogen leadership by 2030: Green hydrogen production capacity is forecast to reach 64,959ktpa by 2030, compared with 11,763.7ktpa for blue hydrogen.
• Evolving national strategies: The EU, China, Japan, India, Australia, and the US are actively refining their hydrogen plans to support sector development.
• Technology and regulatory developments: Production technologies, macroeconomic conditions, and regulatory frameworks will influence the pace and commercial viability of hydrogen adoption.
• Utility-led implementation: Power utilities are exploring hydrogen use cases and strategic initiatives that could affect operations, customer propositions, business models, and revenues.
• Emerging project opportunities: Planned and upcoming green hydrogen projects provide visibility into potential developments across the global hydrogen value chain.

Scope

What Will You Learn from This Hydrogen in Power Theme Analysis?

This report provides a thematic assessment of hydrogen and its potential impact on the power sector, helping businesses understand market development, technology adoption, and utility strategies.

You will be able to:

• Understand hydrogen’s strategic importance to power markets and electric utilities.
• Assess the current scale of the hydrogen market and its expected development in the coming years.
• Review historical market context, market size estimates, and forward-looking growth projections.
• Analyse regional green and low-carbon hydrogen production capacity forecasts through 2030.
• Compare the growth outlook for green and blue hydrogen.
• Examine key hydrogen production methods, including steam methane reforming, coal gasification, electrolysis, and other technologies.
• Identify upcoming and planned green hydrogen projects globally.
• Understand the technology, macroeconomic, and regulatory trends influencing hydrogen adoption.
• Evaluate how power utilities are implementing hydrogen and the potential implications for their operations, customers, business models, and revenues.
• Analyse the hydrogen value chain, key stakeholders, emerging profit pools, and opportunities for strategic positioning.
• Compare the competitive positions and hydrogen strategies of power utility companies.

Who Should Buy This Hydrogen in Power Theme Analysis?

This report is relevant to organisations assessing hydrogen opportunities, energy transition strategies, and the future of power generation.

• Power utilities and electricity providers: Understand hydrogen use cases, adoption trends, and potential implications for operations and business models.
• Hydrogen producers: Assess production capacity forecasts, technology developments, and opportunities across the hydrogen value chain.
• Energy companies: Evaluate the role of hydrogen in low-carbon energy strategies and future power markets.
• Renewable energy developers: Understand the growth outlook for green hydrogen and its relationship with renewable energy development.
• Technology providers: Assess opportunities across hydrogen production technologies and emerging utility applications.
• Investors and financial institutions: Examine market forecasts, project developments, and factors influencing hydrogen’s commercial potential.
• Strategy and business development teams: Identify emerging profit pools, potential partnerships, and opportunities for competitive differentiation.
• Policy and regulatory professionals: Track national hydrogen strategies and the regulatory developments shaping adoption.
  

  

How Companies Use This Hydrogen in Power Market Analysis

Businesses can use the report to evaluate hydrogen market developments, inform investment decisions, and identify opportunities across the power sector.

• Support strategic planning: Assess hydrogen’s long-term relevance to power markets and its potential role in energy transition strategies.
• Evaluate market growth: Use production capacity forecasts and regional breakdowns to understand where hydrogen development is expected to accelerate.
• Assess technology pathways: Compare production methods and understand the factors influencing technology adoption and commercial viability.
• Identify project opportunities: Monitor upcoming and planned green hydrogen projects to identify potential areas for investment and collaboration.
• Understand utility strategies: Examine how power companies are adopting hydrogen and positioning themselves across the value chain.
• Monitor market drivers: Track technology, macroeconomic, and regulatory developments that may accelerate or constrain adoption.
• Benchmark competitors: Compare utility strategies and competitive positioning to support partnership and differentiation decisions.
• Identify emerging opportunities: Use value chain analysis to assess key stakeholders and potential new profit pools.

Reasons to Buy

Benchmark the Global Hydrogen in Power Landscape

Understand how power utilities and other industry participants are positioning themselves in the developing hydrogen market. The report examines utility adoption strategies, hydrogen use cases, production technologies, and competitive initiatives.

Assess the evolving balance between green and blue hydrogen, compare regional production outlooks, and evaluate how national strategies and market conditions are influencing the competitive landscape.

Built on GlobalData Energy Intelligence

GlobalData’s energy intelligence combines market analysis, technology assessment, project tracking, and industry insights to examine developments across the energy value chain. This report brings together hydrogen market forecasts, regional production capacity, planned projects, regulatory trends, and utility strategies to support informed business and investment decisions.

Act Now to Identify Opportunities in Hydrogen in Power

As power markets reassess hydrogen’s role in delivering secure, low-carbon energy, understanding the direction of production capacity, technology development, and utility adoption is increasingly important. Use GlobalData’s Hydrogen in Power Theme Analysis to evaluate market growth, monitor emerging projects, benchmark utility strategies, and identify opportunities across the hydrogen value chain through 2030.