BOULDER, Colo.--(BUSINESS WIRE)--A new report from Guidehouse Insights analyzes the developing hydrogen economy and relevant infrastructure, including the current state of hydrogen distribution and storage.
Momentum is building for a new era of the hydrogen economy, particularly as green hydrogen becomes more cost-effective and is looked to as a potential significant contributor for the decarbonization of the energy sector. Despite this, issues across the value chain must be addressed if hydrogen is to scale up and couple sectors together. Click to tweet: According to a new report from @WeAreGHInsights, the transportation and storage of hydrogen is limited to several commercially viable technologies and processes, does not have clear regulations, and remains small in scale compared with other industrial gases, such as natural gas.
“Transportation and storage development are vital to advancing the hydrogen economy, and various technologies are necessary for meeting future hydrogen demand,” says Shayne Willette, research analyst with Guidehouse Insights. “While this area is gaining momentum, infrastructure investment is vital for growth.”
To position for success, the report recommends that utilities and governments work together to develop uniform policies. As the hydrogen economy scales up, producers and distributors must make a transport shift, and countries should consider employing existing pipelines rather than building new ones. Port cities should prepare for hydrogen shipments, while producers and users engage the middle of the value chain.
The report, Capturing Emerging Opportunities in the Hydrogen Distribution and Storage Market, analyzes the developing hydrogen economy and relevant infrastructure. The study examines the current state of hydrogen transportation and storage and identifies areas where improvement is possible and needed to fully connect the hydrogen economy. The report closes with recommendations for several groups of hydrogen stakeholders. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
Guidehouse is a leading global provider of consulting services to the public and commercial markets with broad capabilities in management, technology, and risk consulting. We help clients address their toughest challenges with a focus on markets and clients facing transformational change, technology-driven innovation and significant regulatory pressure. Across a range of advisory, consulting, outsourcing, and technology/analytics services, we help clients create scalable, innovative solutions that prepare them for future growth and success. Headquartered in Washington DC, the company has more than 7,000 professionals in more than 50 locations. Guidehouse is led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets and agenda-setting issues driving national and global economies. For more information, please visit: www.guidehouse.com.
* The information contained in this press release concerning the report, Capturing Emerging Opportunities in the Hydrogen Distribution and Storage Market, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.