Hydrogen market could be worth more than $1 trillion a year by 2050

Goldman Sachs estimates that the hydrogen market could develop into a billion-dollar-a-year market by 2050.

By generating hydrogen in an emissions-neutral way, it could occupy a share of at least 15 percent of global energy markets, thus enabling it to become a billion-dollar market.

“If we want to get to zero emissions we won’t be able to do it with renewables alone,” says the head of the bank’s equities and raw materials division, Michele DellaVigna. In response to the characteristics of clean energies such as seasonality and intermittency, and to replace natural gas, the solution will be hydrogen, she argues.

The size of the market is linked to the various possible uses. This Goldman Sachs responsible points out that this gas can be applied in heavy industries, in transportation or in heating. The “key” is to produce it without CO2 emissions, commonly known as green hydrogen.

However, there is also another variant on the table, blue hydrogen, which is produced using a fossil energy, natural gas, but CO2 emissions are captured and stored.