In the Netherlands, Offshore Energy reported that global hydrogen production will increase to 110 million metric tons per year by 2030 and probably to 240 metric tons by 2040, according to a study by German-based management consultancy Roland Berger. The study revealed that global hydrogen production will grow by an average of 2% per year until 2030, and around 12% of the total volume by 2030 will be green hydrogen. According to the report, Roland Berger said the demand will become increasingly diversified in 2040, noting that in addition to the manufacturing industry, which is expected to consume almost half (48%) of the hydrogen produced, the mobility and energy sectors will play a major role on the demand side, accounting for 30% and 15% respectively. Uwe Weichenhain, partner at Roland Berger, said: “We estimate that 119 gigawatts (GW) will be added to hydrogen electrolysis plants by 2030. This is less than half of the 260 GW that governments have committed to globally and only around a fifth of the 590 GW that would be needed to achieve the 1.5-degree target. The 2030s will therefore become a critical decade for the hydrogen industry. We will see a massive acceleration of decarbonization and hydrogen production.”
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