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APAC Hydrogen Market Forecast October 2024

By October 11, 2024October 17th, 2024Public, Showcase Feed, Insight, Asia Pacific, Reports, Hydrogen

Key takeaways from the report include the following:

  • Different countries have started to stipulate specific emission intensities for low-carbon H2 production, which is often linked to subsidy eligibility. While blue H2 with carbon capture may present a cost-effective alternative in the short term, it might not meet low-carbon H₂ standards in certain countries.
  • South Korea’s fuel cell capacity for power has reached 1 GW in 2023. Korea Power Exchange plans to hold five CfD auctions by 2025 to support new H2 assets and procure 11TWh additional H2 generation by 2028, which could cost the South Korean government ~US$10 billion over the assets’ lifetime.
  • For an islanded electrolyser to meet a daily offtake agreement of 70% of the maximum throughput, a peak storage capacity double the maximum daily production is required in a median scenario. To mitigate risks in low H2 production years, a storage capacity double the median scenario should be planned to account for necessary buffers.


If you are an Aurora subscriber, you can view the full report on EOS

For more information or to find out how to become a subscriber, contact Piers Beesley.

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