NewsThe Problem with Discriminating Against Hydrogen Colors

The Problem with Discriminating Against Hydrogen Colors

Home Fossil Energy Discriminating against hydrogen colors will not get us any further

Hydrogen is a critical component in offshore energy markets and is poised to play a vital role in hard-to-abate sectors. At the Offshore Energy Exhibition & Conference, panelists emphasized that we can accelerate the hydrogen transition by leveraging existing knowledge and assets, making the process more efficient, faster, and cheaper while reducing emissions.

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The Hydrogen: The great connector session at OEEC 2023 brought together experts like Eric Vennix, Partner Consulting at Deloitte Netherlands, Miriam Bardolet Pou, Director Energy Transition Fund at Copenhagen Infrastructure Partners (CIP), Lex de Groot, Managing Director at Neptune Energy Netherlands, Martin Kjäll-Ohlsson, Executive Vice President of Vergia, and moderator Paul de Leeuw, Director Energy Transition Institute at Robert Gordon University.

The panelists agreed that hydrogen will play a crucial role, especially in hard-to-abate sectors, and that it is a given that hydrogen is a connector to other markets. However, the questions of hydrogen economy and business model are yet to be answered.

According to Eric Vennix from Deloitte, it is expected that a lot of new offshore assets will be required to support the growth of hydrogen production, such as new electricity and energy hubs, transmission innovations, and also vessels and equipment to realize the planned assets.

However, Vennix notes that action is still needed to enable the development of the hydrogen economy because there is none at present at the scale that is required and financing needs to become available that lowers the cost of capital for hydrogen projects.

“Whatever scenario you look at, be it those from Shell or the International Energy Agency or the Hydrogen Council, it is all clear that [hydrogen] will grow. The only thing which is a bit more uncertain is the pace at which that will take place. Despite this uncertainty, all three scenarios show that global clean hydrogen production and consumption in 2050 will exceed the current gray hydrogen production and consumption,” Vennix said.

Lex de Groot, Managing Director at Neptune Energy Netherlands, said that what we need is to get going, make the steps and commit without knowing or having a clear view of what the best solution is as in the end it is clear that hydrogen will be the connector and is a very important element in the energy transition.

“We believe that the energy transition and especially this hydrogen transition can be built efficiently, faster, cheaper, and with less emissions if you build it on existing knowledge on existing assets. And that is what we have here available in the Netherlands,” De Groot said.

When asked about hydrogen types, the speakers concluded that discriminating hydrogen colors will not get us any further and if we discard one of the types then we will not get that economy going.

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