Full Title: Low-Carbon Hydrogen: A Path to a Greener Future
Author(s): James Forrest, Laurent Bromet, Peter King, Mike Lewis, and Richard Biagioni
Publisher(s): Capgemini Research Institute
Publication Date: April 20, 2023
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Underpinned by a global shift towards decarbonization, hydrogen is gaining significance as an energy vector, especially for high-emission sectors that do not use electricity directly. Most organizations in our research believe that low-carbon hydrogen will be a long-term contributor to achieving emissions and sustainability goals.
With government support, declining renewable-energy costs, rapid technological advances, and a growing focus on decarbonization and sustainable energy solutions, the demand for low-carbon hydrogen is expected to increase multifold. Sectors with traditional hydrogen applications, particularly in petroleum refining, chemicals and fertilizers, and steel, have high potential for adoption of low-carbon hydrogen. Demand for hydrogen in new applications such as long-range ground mobility (for heavy-duty trucks, coaches), long-haul aviation specifically sustainable aviation fuel (SAF), or maritime is expected to pick up.