The Emerging Hydrogen Economy: Finding Opportunities and Maximising Value

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Developments in policy, technology and economics are driving interest in low-carbon hydrogen. Pivotally, 2022 saw the gas crisis in Europe – caused by Russia’s invasion of Ukraine. The culmination of this has led to an increased focus on energy security, and on the role that electrolytic hydrogen in particular could play in substituting a portion of gas consumption. Indeed, the European Union ramped up its targets for renewables deployment and hydrogen production and imports as part of its “REPowerEU” plan.

Many of Europe’s major economies have launched strategies and support for the future of hydrogen. Hundreds of projects globally have been announced with the aim of producing hydrogen at scale.

As a fuel, hydrogen offers a way to eliminate emissions from sectors of the economy that are hardest to decarbonise, as well as to provide much needed inter-seasonal storage in energy systems with high levels of variable renewable power generation.

Consequently, hydrogen is likely to be a vital piece in the Net Zero puzzle.

The Aurora Hydrogen Conference 2022 focused on the emerging hydrogen economy. Considering the role of hydrogen in reaching Net Zero, and the European policy and market landscape, this event set out to identify the best opportunities for hydrogen in Europe.