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Hydrogen generation could become a $1 trillion per year market, Goldman Sachs says

By February 23, 2022February 25th, 2022No Comments

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Hydrogen generation could become a $1 trillion per year market, Goldman Sachs says

Feb 23, 2022 • CNBC

“We need something that takes today’s role of natural gas, especially to manage seasonality and intermittency, and that is hydrogen,” Goldman Sachs’ Michele DellaVigna told CNBC

Hydrogen has an important role to play in any transition to net-zero and its generation could develop into a market worth over $1 trillion a year, according to Goldman Sachs.

“If we want to go to net-zero we can’t do it just through renewable power,” Michele DellaVigna, the bank’s commodity equity business unit leader for the EMEA region, told CNBC’s “Squawk Box Europe” earlier this week.

“We need something that takes today’s role of natural gas, especially to manage seasonality and intermittency, and that is hydrogen.”

Hydrogen has a diverse range of applications and can be deployed in a wide range of industries.

Read full article on CNBC