Hydrogen in Power – Thematic Research
Hydrogen remains one of the most abundantly available and commonly known elements in the world, and it will become a game-changer with its noteworthy contribution to clean energy transitions. Hydrogen is light, storable, energy-heavy, and does not produce direct carbon emissions or greenhouse gases (GHG). Sectors such as oil refining and ammonia, methanol, and steel production have been using hydrogen extensively. Furthermore, it will play a critical role in the transition to clean energy with the advancement of its applications in sectors such as transportation, buildings, and power generation.
Hydrogen technology is now reaping the benefits of unprecedented political and business momentum, with many strategies, policies, and hydrogen projects worldwide expanding swiftly. Globally, countries are striving to hasten the development and use of hydrogen technology to tackle environmental concerns and enhance energy security. Formulating a cost-effective and well-regulated transition is a complex issue, and the cost of producing hydrogen from renewable energy sources is currently expensive.
Hydrogen in Power Industry: Key Application Technologies
Hydrogen can be directly combusted for energy use but may also be used through the application of other technologies such as fuel cells or e-fuels.
Fuel cells: Hydrogen-based fuel cells use hydrogen’s chemical energy to produce clean electricity, which can power a variety of applications from large power stations to small drones, depending on the design.
E-fuels: E-fuels are fuels made with hydrogen to produce a synthetic fuel that is compatible with traditional internal combustion engines.
Hydrogen in Power Industry: Key Trends
The main trends shaping the hydrogen space in the power industry are classified into three categories: technology trends, macroeconomic trends, and regulatory trends.
Technology trends: The key technology trends impacting the theme are electrolyzers, hydrogen energy storage, renewable technology improvements, growing carbon capture and storage (CCS) deployment, and generation of hydrogen tech from waste.
Macroeconomic trends: Hydrogen cost, costs across the transportation sector, increased flexibility, and the rise of hydrogen import-export partnerships are the macroeconomic trends explained in the report.
Regulatory trends: Hydrogen adoption strategies across different countries are a part of the regulatory trends impacting hydrogen in the power industry.
For more insights on key trends impacting hydrogen theme in power industry, download a free report sample
Hydrogen in Power – Industry Analysis
Hydrogen is largely used as a feedstock for industrial processes, in the production of ammonia for fertilizers and refining, and also in food, electronics, glass, and metal industries. With global leaders in the energy industry in search of solutions that help them achieve decarbonization or enhance energy security, hydrogen seems to be on track to becoming an energy vector and its use is gathering momentum.
Hydrogen demand across conventional sectors such as refinery and petrochemical is expected to remain steady in the near future, with blue and green hydrogen set to occupy some space originally held by grey and brown hydrogen. Hydrogen demand in sectors such as transportation and power is expected to increase rapidly as it can be used to generate electricity in a gas turbine, converted to electricity in a fuel cell, or used as fuel for an internal combustion engine
Hydrogen in power industry analysis also covers:
- Hydrogen demand across key industries
- Low-carbon hydrogen capacity outlook
- Hydrogen production cost by technology
- Mergers and acquisitions
- Timeline
For more hydrogen in power industry analysis, download a free report sample
Hydrogen in Power - Value Chain Analysis
GlobalData’s Hydrogen in power industry is split into four segments: energy source, production, transportation, storage, and distribution, and end use.
Energy Source: Hydrogen can be produced from energy sources such as nuclear and renewable sources such as wind, solar, and biomass. The major process used to produce hydrogen from natural gas is called steam methane reforming. Similarly, the process of converting coal into hydrogen is called coal gasification. The third major method for hydrogen production involves the electrolysis of water molecules.
Production: SMR is the most widely used process for the production of blue hydrogen. Industrial gas suppliers such as Linde and Air Liquide lead in this regard, followed by refiners and petrochemical players such as Equinor and Nutrien, among others. The most disruptive presence in the hydrogen production segment is green hydrogen producers, which include leading power generation companies such as Iberdrola and Uniper.
Hydrogen Energy Value Chain
For more hydrogen energy value chain insights, download a free report sample
Leading Companies Associated With the Hydrogen Theme
Some of the leading companies making their mark within hydrogen power theme:
- Alaka’i Technologies
- Air Liquide
- Air Products & Chemicals
- Alstom
- Ballard Power Systems
- Bloom Energy
- CMB
- Daimler
- East Japan Railway Company
- HES Energy Systems
To know more about the leading companies associated with hydrogen theme in power industry, download a free report sample
Power Sector Scorecard – Hydrogen in Power Theme
At GlobalData, we use a scorecard approach to predict tomorrow’s leading companies within each sector.
The thematic screen ranks companies based on overall leadership in the 10 themes that matter most to their industry, generating a leading indicator of future performance.
The valuation screen ranks our universe of companies within a sector based on selected valuation metrics.
Power Sector Scorecard – Thematic Screen
To know more about the sector scorecards, download a free report sample
Hydrogen in Power Industry Overview
| Report Pages | 79 |
| Regions Covered | Global |
| Key Application Technologies | Fuel Cells and E-Fuels |
| Key Trends | Technology Trends, Macroeconomic Trends, and Regulatory Trends |
| Value Chain | Energy Source, Production, Transportation, Storage, and Distribution, and End Use |
| Leading Companies | Alaka’i Technologies, Air Liquide, Air Products & Chemicals, Alstom, Ballard Power Systems, Bloom Energy, CMB, Daimler,
East Japan Railway Company, and HES Energy Systems |
Reasons to Buy
- Identify the key industry, technology, and regulatory trends impacting the global adoption of hydrogen.
- Track the development of hydrogen theme in the energy sector.
- Overview of hydrogen adoption strategies among leading economies around the world.
- Understand the hydrogen value chain and the key players in it.
- Assess M&A transactions associated with the hydrogen sector, major milestones in the journey of hydrogen and the growth trends in low-carbon hydrogen projects.
- Identify and benchmark key power companies based on their competitive positioning in the hydrogen theme.
Key Players
Table of Contents
Frequently Asked Questions
The key technology trends impacting the hydrogen space are electrolyzers, hydrogen energy storage, renewable technology improvements, growing carbon capture and storage (CCS) deployment, and generation of hydrogen tech from waste.
Hydrogen cost, costs across the transportation sector, increased flexibility, and the rise of hydrogen import-export partnerships are the macroeconomic trends explained in the report.
Hydrogen adoption strategies across different countries are a part of the regulatory trends impacting hydrogen in the power industry.
Hydrogen theme in the power market is split into energy source, production, transportation, storage, and distribution, and end use.
Some of the leading companies making their mark within the hydrogen theme in power sectorare Alaka’i Technologies, Air Liquide, Air Products & Chemicals, Alstom, Ballard Power Systems, Bloom Energy, CMB, Daimler, East Japan Railway Company, and HES Energy Systems.
The key application technologies of hydrogen in the power industry are fuel cells and e-fuels.
Get in touch to purchase a bespoke set of power plant profiles
reportstore@globaldata.com
Tel +44 (0) 20 7947 2960
Every customer’s requirement is unique. With 180,000 power plants tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.
Still undecided about purchasing this report?
Testimonial
“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.
GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”
“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”
Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.
Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.
