Hydrogen generation could become a $1 trillion per year market, Goldman Sachs says
February 28, 2022
Hydrogen Generation Could Become $1 Trillion Market
Hydrogen has an important role to play in any transition to net-zero and its generation could develop into a market worth over $1 trillion a year, according to Goldman Sachs.
“If we want to go to net-zero we can’t do it just through renewable power,” Michele DellaVigna, the bank’s commodity equity business unit leader for the EMEA region, told CNBC’s “Squawk Box Europe” earlier this week.
The inflation reduction bill provides the basis to build a national hydrogen production ecosystem with the most benefit flowing to states like Washington that have the ability to produce large amounts of inexpensive, renewable green hydrogen.
May 2022 Update
Washington Green Hydrogen Alliance was successful in the passage of comprehensive legislation to grow the state's green hydrogen energy industry. Read more.
Washington state legislature passed comprehensive green hydrogen bill to address climate pollution, improve air quality & help industry decarbonize.-Energy News
A new organization has been formed in Washington State to promote the use of green hydrogen in the transportation and industrial sectors.
Universal Hydrogen is modifying small, regional turboprop airplanes to fly on hydrogen fuel in Moses Lake.
WA Green Hydrogen Alliance to improve state’s air and water, create clean energy jobs, & grow Washington-made “Evergreen Hydrogen.” Read more on green energy!
A new 7.4GW renewable hydrogen project in Spain includes two major industrial consumers among the developers. Energy news @ Washington Green Hydrogen Alliance.
News: Port of Chehalis & Twin Transit agree that WA's first hydrogen fueling station could be built on port land. Read more - WA Green Hydrogen Alliance
Washington's first electrolyzer will use hydropower from Wells Dam to create green hydrogen.