Forecast: U.S. and Japan will struggle to hit ambitious hydrogen targets

“Several factors make meeting these production targets unlikely,” Wood Mackenzie analysts say.

Official Press Release Wood Mackenzie:

U.S. and Japan will struggle to hit ambitious hydrogen targets

Wind Industry Profile of
U.S. and Japan will struggle to hit ambitious hydrogen targets

Continued high production costs and lack of infrastructure will test recently published strategies from both countries

U.S. Hydrogen producers will struggle to hit the National Clean Hydrogen Strategy and Roadmap (the Strategy) that was released by the Department of Energy on June 5 according to according to analysts Wood Mackenzie, the leading provider of decision intelligence for the world’s natural resources sector.   In a note to clients, Principal Analyst Hector Arreola, said that the Strategy lays a clear trajectory for achieving low-carbon hydrogen production milestones of 10 million metric tons per annum (Mtpa) by 2030, 20 Mtpa by 2040, and 50 Mtpa by 2050. However, she added that despite these efforts, the market has yet to move at the... ... More: Official Press Release Wood Mackenzie

Wood Mackenzie, USA, Japan, hydrogen, plan, target, infrastructure, lack, strategy, roadmap, struggle, production

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