Recognizing the potential for low-carbon hydrogen to contribute to a sustainable future, Capgemini examines the topic in depth in its newest Capgemini Research Institute report, Low-carbon hydrogen: A path to a greener future. The report answers the question of “what is green hydrogen?”, assess the current state of it, and look at how organizations can capitalize on the opportunities that it creates. To this end, the authors surveyed over 800 global executives from the energy and utilities (E&U) sector as well as end-user sectors and conducted 20 in-depth interviews with stakeholders across a variety of organizations.
The findings indicate that with government support, declining renewable energy costs, rapid technological advances, and a growing focus on decarbonization and sustainability, the demand for low-carbon hydrogen will increase manifold in the coming years. E&U organizations expect low-carbon hydrogen to meet up to 18% of energy demand by 2050. Investment in the area is already taking off and is set to increase significantly – 64% of E&U organizations in our survey plan to invest in low-carbon hydrogen initiatives by 2030, and 9 in 10 plan to do so by 2050.
Access the report here
