Jumpstarting the Growth of the Green Hydrogen Economy

The global transition to renewable energy is driving an unprecedented surge in hydrogen demand. As the world moves towards a net-zero economy, technological advancements are driving down the costs of hydrogen infrastructure, much like the decline in costs previously seen in cleantech and battery technologies.

According to a report by the International Energy Agency (IEA):

Global hydrogen demand in 2023 reached more than

97 million tons (Mt)

Demand for low-emissions hydrogen in 2023 grew

almost 10%

Global hydrogen demand by the end of 2024 will reach almost

100 million tons (Mt)

So, it's no surprise to witness the emergence of national hydrogen strategies and roadmaps across the globe, with governments investing billions of dollars to speed up the transition to a hydrogen-based future. Research by BloombergNEF showed that funding for low-carbon hydrogen quadrupled to US$280 billion between 2021 and 2023.

The potential for hydrogen to become the next great energy source has never been greater. But why is now the right time to invest in — and develop — a green hydrogen supply chain? Let's explore some of the opportunities available.

Recognizing the Challenges of Green Hydrogen Production

Although the demand for hydrogen is steadily rising, there are still several fundamental challenges that must be solved before it can become a viable solution as the next great energy source:

  • Infrastructure
    There is a significant gap in the infrastructure required for hydrogen production, storage, distribution and utilization (such as pipelines, refueling stations and storage systems).
  • High production cost and scalability
    While green hydrogen costs are decreasing, production is still more expensive than traditional fossil fuels and even some renewable energy sources.
  • Safety and storage
    Hydrogen is highly flammable, and hydrogen storage and transportation present serious safety concerns.
  • Supply chain and raw material constraints
    The production of green hydrogen relies on the availability of renewable energy and specific materials like platinum for electrolysis.

The short-term consequences of not capitalizing on green hydrogen include missed opportunities for investment, inefficient operations and loss of market share. The long-term consequences could be even more severe, including regulatory penalties and a diminished role in the future global energy landscape. It's crucial that companies act decisively to close this gap by harnessing cutting-edge technologies to build a resilient hydrogen supply chain.

The short-term consequences of not capitalizing on green hydrogen include missed opportunities for investment, inefficient operations and loss of market share. The long-term consequences could be even more severe, including regulatory penalties and a diminished role in the future global energy landscape. It's crucial that companies act decisively to close this gap by harnessing cutting-edge technologies to build a resilient hydrogen supply chain.

Design Tomorrow’s Hydrogen Value Chain With the Virtual Twin

How can the virtual twin help design tomorrow's energy systems — and lead the charge toward a clean hydrogen future? Get the in-depth story by downloading our ebook.

How the Virtual Twin Can Help Develop Tomorrow’s Hydrogen Supply Chain

By leveraging the virtual twin capabilities of the 3DEXPERIENCE® platform, companies can efficiently design, optimize and scale hydrogen solutions, ensuring the sustainability, safety and economic viability of the hydrogen value chain. Simulation-driven innovation empowers stakeholders to model complex systems, predict real-world outcomes and accelerate deployment, all while minimizing risk and maximizing investment returns.

Here are some examples of how the virtual twin capabilities integrated within the 3DEXPERIENCE platform can play a crucial role in augmenting the hydrogen supply chain:

  • Virtual twins can be used to simulate an entire hydrogen production facility before even breaking ground. This allows companies to validate design choices, optimize system configurations and identify potential issues before construction begins.
  • Virtual twins can be used to monitor the performance of a hydrogen facility in real time. By analyzing data from sensors and other sources, companies can identify inefficiencies, predict maintenance needs and optimize production processes.
  • Virtual twins can help companies simulate different compliance scenarios, ensuring that projects meet all the specific requirements and reducing the risk of delays and fines.

The Fundamentals of Green Hydrogen Infrastructure and Production

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