In a short space of time, forecasts for hydrogen demand over the coming decade have quickly gone from speculative to hopeful and now spectacularly bullish.
Tip style
Growth
Risk rating
High
Timescale
Long Term
Bull points
- Major presence in rapidly expanding area
- Cash holding means pause on share issues
- Existing industrial relationships
- Capacity expansion plans in place
Bear points
- Profitability some years away
- Costs rising
Even when you strip back all new demand for hydrogen from heavy industry, transport and other potential technology changes, the European Commission’s plan for half of all hydrogen used in the bloc to turn ‘green’ by 2030 will require $110bn (£86bn) in investment in electrolyser capacity.