In recent years, interest and activity – both investments and the number of projects – in the hydrogen sector have accelerated. According to the Hydrogen Council’s Hydrogen Insights update in December 2023, the global industry had announced 1,418 clean hydrogen projects as of October last year (2023). While Europe led the way in terms of projects and investments a few years ago, there has been significant growth in total spending announced in North America, Latin America, the Middle East, and China.
The Hydrogen Insights report further noted that more than 1,100 hydrogen refueling stations are also now operational globally, with deployment growing by 60% from 2021 to October 2023 – most of these are in China, Japan, and South Korea, with several other countries (mostly in Europe) having installed or announced plans to develop their first hydrogen refueling stations.
As hydrogen has a fundamental role to play in enabling countries and industries to meet their Net Zero targets, these figures are encouraging. However, with many hydrogen infrastructure initiatives and network expansion plans still in the development phase, a key consideration is how hydrogen can currently be transported and stored, safely and efficiently, to reach the businesses and operators that need it.
The building blocks for hydrogen storage and transportation
... to continue reading you must be subscribed
