Post-Forum Summary

The session started with a short comparison on how the hydrogen market changed during this year. In earlier sessions:

• in March we spoke about hydrogen blending for pipeline transportation, and
• in April we spoke about turquoise hydrogen production (via methane pyrolysis)

By that time - and according to the Hydrogen Insights Report from February 2021 (McKinsey and the Hydrogen Council) - there were three key reasons to be speaking about Hydrogen:

• There were 228 announced projects across the Hydrogen value chain,
• Commitment of ~$80 billion in mature investment until 2030, and
• The decrease in the price of renewable energies was bringing the cost break even point closer than expected

Then, in November 2021, the Hydrogen Council and McKinsey published the Hydrogen for Net Zero Report updating most of the information mentioned above. In comparison, now:

1. The number of projects more than doubled with 520 large scale projects announced globally. This represents a 100% increase since January this year! From this, it is also interesting to mention, that 150 projects have been added in the past three months alone, and around 70% of these projects have announced full or partial commissioning before 2030.
2. The financial support also doubled to 160 Billion committed in mature investments. And an interesting fact is that this number does not consider the governmental / indirect investments needed for these kind of projects. All together, these add up to a total of more than 500 billion in investment.
3. Finally, and no longer comparing, we saw a growing increase in hydrogen demand for the future that could reach up to 660 MM Tons by 2050 - some 22% of the final energy demand globally. China, followed by Europe and North America, will be the largest hydrogen markets in 2050, together accounting for about 60% of global demand. And to state some easy comparison, supplying 660 Million Tons to end-users will require 3 to 4 TeraWatts (TW) of electrolysis capacity and about 4.5 to 6.5 TW of renewable generation capacity…

Then we had a great presentation from David Bennett, the Director of Renewable Gas and Low Carbon Fuels at Fortis BC. In this presentation, David presented Fortis' views regarding the hydrogen market, some of the projects they've been working on, and some of the challenges that they, as a utility, are facing. Here's a link to that part of the presentation (10-min long, absolutely worth re-watching).

After that presentation, we did a Darcy overview of the hydrogen Market, presenting the Hydrogen Value Chain Innovator Landscape and the electrolyzer tech comparison and innovator landscape, with an additional explanation of how each technology works.

Continued, we had HydrogenPro's presentation of their electrolyzer technology. Hydrogen Pro designed an Alkaline electrolyzer that lowers the cell potential which should enable them a hydrogen price of $1.2/kg.

We closed the session with a great Q&A that included questions regarding:

1. The concerns about hydrogen blending and safety of use,
2. The type of energy to use (curtailed or PPA),
3. The permitting side, and
4. HydrogenPro's timelines for future commercialization

Pre-Forum Summary

Hydrogen is increasingly identified as a critical success factor for the transition to a net-zero world by 2050. Many countries have developed ambitious hydrogen strategies to play key roles in the future. Some of the leading countries could be Australia, Canada and Chile; The three of them are aiming at becoming green hydrogen leaders and exporters in the years to come. Having this in mind, combined with the increase interest on the topic. We will be hosting this session dedicated to green hydrogen production, what are the key points to consider and how the market is looking like.

During the session we will also have David Bennet from Fortis BC discussing about the challenges of a hydrogen future for utilities as well as what Fortis BC is doing in that aspect. Later the Darcy team will briefly set the stage for H2 production and introduce our latest Hydrogen Value Chain Framework. Then we will have Hydrogen Pro presenting their Green Hydrogen Electrolyzers whose novel design promises for lower power consumption and thus lower hydrogen price as a whole. After an initial Q&A session, we will also have Sindre speaking about their experience with Hydrogen Pro in their Norwegian pilot plant.