For hydrogen to be viable as a low-carbon energy source, it will need to be cost competitive against low-carbon alternatives. The pace of adoption will vary from one use to another and by geography because it will depend on factors such as the availability of inexpensive, renewable energy required to make clean hydrogen as well as the supply chain infrastructure required to deliver it. Using data from Bain’s hydrogen scenarios, ENR executives can begin to see the potential for hydrogen within their industries. They can then consider where hydrogen might play a role and work back from there to determine how the value chain might develop and when hydrogen is likely to be cost competitive for a specific application.
Hydrogen seems destined to play a part in tomorrow’s energy plan. How should your company prepare?