This page was originally published on 08.11.2022. We have updated the radar and related texts and graphics on 18.12.2024.
Making sense of the momentum in the global hydrogen economy
Climate change and serious geopolitical concerns have made the need to wean advanced economies off fossil fuels abundantly clear. In the process, both private-sector interests and public policymakers are increasingly discovering the potential of hydrogen to advance the transition to a climate-friendly economy. However, staying on top of such a fast-moving market is no easy task.
Roland Berger has advised clients for over a decade on countless projects surrounding clean
hydrogen.
Our expertise ranges from crafting political concepts for governments and industry associations to developing strategies for all relevant sectors of industry.
The Clean Hydrogen Radar places our in-depth understanding of this dynamic market at your disposal in a clear and concise form. Distilled into sharply focused analyses, the insights we are gaining will keep decision-makers in industry and government up to speed on the latest developments as the hydrogen economy continues to accelerate.
What is the Clean Hydrogen Radar?
Roland Berger believes it is important for market players and market makers to grasp the strategic implications and direction of the
hydrogen economy.
The radar therefore takes a deep dive into the latest technological and commercial developments as well as relevant regulatory trends. Drawing on our international networks of experts, we cover developments in global key markets, breaking our analysis down into different segments:
Hydrogen strategies and national targets Government strategies and ambitions towards hydrogen adoption
Regulatory developments Regulatory developments influencing the adoption of hydrogen and derivatives
Upstream market Developments surrounding the production and supply of hydrogen and its derivatives
Midstream market Developments in the
transportation
and storage of hydrogen
Downstream market News on hydrogen demand and the many use cases along three sectors: Industry (e.g., steel, refining, chemicals), Mobility (e.g., fuel cell trucks, sustainable aviation fuels), Energy (e.g., hydrogen fueled heat and power plants)
In the quarterly radar, our experts analyze these developments, interpreting current events and bringing the bigger market picture clearly into focus. Obviously, a brief high-level summary alone cannot share the full wealth of Roland Berger’s market intelligence in this fascinating field. However, the Clean Hydrogen Radar will lay a firm foundation for strategic discussion with clients, government policymakers and the public at large – a discussion we expressly welcome!
Clean Hydrogen Radar
Highlights from the Q4 2024 update
In Q4 2024, we saw a range of developments along the hydrogen value chain, including further announcements of gigawatt-scale hydrogen projects and new international hydrogen policy and funding plans. However, despite these and other positive signs, there were still negative signals for the market once more.
Overall highlights during Q4 include:
EU launches the EUR 1.2 bn second round of its European Hydrogen Bank auction, including tighter rules on technology sourcing – no more than 25% of the technology used in a project to come from China
Spain, Lithuania, and Austria commit over EUR 700 m to the new Hydrogen Bank auction in support of domestic green hydrogen production projects
Japan launches its Contracts for Difference subsidy program for clean hydrogen, which will see up to USD 20 bn in government funding
Malaysia aims to produce two million tons of clean hydrogen annually by 2030 as it outlines its hydrogen roadmap
Masdar and Uniper push back their green hydrogen targets due to the slow development of clean hydrogen as a market
TotalEnergies and partners announce plans to develop a giga-scale green hydrogen project in Morocco to produce 200,000 tons of ammonia per year for export
ArcelorMittal postpones final decisions on its low-carbon steel projects due to unfavorable investment conditions arising from the market environment and European policies
Innio’s combined heat-and-power plant pilot project successfully completes a full cycle in which surplus renewable energy is stored in summer and used again in winter
Total green hydrogen production capacity, based on the latest announced projects, is approximately 560 GW by 2030. However, Roland Berger’s assessment, which considers project failure rates and postponements, expects less than 80 GW by 2030.
"Clean hydrogen is coming. It is an essential ingredient in the decarbonization agenda."
What does the future hold for the hydrogen economy?
Recent market developments and world events make it clear: Industry leaders and public policymakers need to keep a very close eye on how the clean hydrogen economy unfolds going forward. So stay tuned for our next update to the Clean Hydrogen Radar. But don’t just leave it at that: Reach out and engage with us in discussing what these developments mean for your strategy and your organization.
We look forward to hearing from you!
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