Speaking at the Hydrogen and Mines virtual conference on Thursday, Peter Mann, Australia and New Zealand regional energy transition lead at global consultancy Partners in Performance (PiP), said demand for hydrogen was likely to be only “modest” this decade, but would accelerate significantly after 2030.
In his presentation on the potential hydrogen adoption pathways for mid-tier miners, Mann said sectors driving the uptick in demand for hydrogen between 2030 and 2050 would be transport (20.5% CAGR), shipping ammonia (15.1%), building (13.8%), steel (13.1%) and synfuel production (9.3%).
Demand would be affected by hydrogen’s cost, which in turn depended on electrolyzer cost, the input energy cost, and utilization, according to Mann.
Green hydrogen would be economical around the price point of $2/kg to $3/kg, he noted.
“The price of green hydrogen will continue to get cheaper and become a more viable source for industrial processes,” he projected.
Peter Mann has since been promoted to partner at PiP, according to a news report published Friday in the AFR.
Source: Mining Weekly, AFR.com
Image Source: Partners in Progress Presentation