Original article published on Hydrogen Economist, 10 March 2021
Encouraging development at both ends of the value chain will ensure the long-term sustainability of the industry, firms say
Governments at federal and state levels must put in place policies to encourage both the supply and demand of green hydrogen simultaneously if a properly functioning market is to develop, according to industry experts speaking at the World Hydrogen Summit yesterday. Regulators can provide a stable investment environment to ensure production projects go ahead while also putting in place time-limited subsidies to encourage demand, according to Oliver Bishop, general manager for hydrogen at Shell. “We need to make sure we synchronise the demand piece with the supply—that helps all of us get down the cost curve,” he said. “We need to make sure we synchronise demand with supply—that….
Written by: Tom Young