Full Title: Green Hydrogen Technology Assessment
Author(s): Deloitte and the World Wildlife Fund (WWF)
Publisher(s): Renewable Thermal Collaborative
Publication Date: April 25, 2023
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Green hydrogen, produced using electrolysis and renewable electricity, can play a unique and critical role in decarbonizing high-heat industrial processes, such as manufacturing steel, chemicals, and cement. According to the Renewable Thermal Vision Report published by the Renewable Thermal Collaborative, blue and green hydrogen can supply approximately 13% of U.S. industrial process heat by 2050. In the United States, recent federal legislation, including the Infrastructure Investment and Jobs Act and the Inflation Reduction Act, has put meaningful policy and billions of dollars of funding behind the push for clean hydrogen, including investment in research, development, and demonstration (RD&D) and tax credits directly incentivizing clean hydrogen investment and production. Interest in green hydrogen is growing among the many companies setting ambitious science-based climate targets.
With these opportunities in mind, Deloitte and the World Wildlife Fund (WWF), co-authored this paper on behalf of the Renewable Thermal Collaborative. The primary goal is to better understand the potential for and barriers to the use of green hydrogen for industrial heat applications, and to identify stakeholder priorities for acting on green hydrogen’s potential to decarbonize industrial heat use. This paper provides insights and recommendations for large corporate energy buyers and other key market and policy stakeholders looking to scale green hydrogen for industrial heat applications.