EU/UK hydrogen supply will exceed demand by 2050

Sinochem News reported on June 15 that according to Ansense’s news on June 15, at the European Hydrogen Backbone (EHB) event held on June 15, market participants said that by 2050, green and blue hydrogen in Europe and the United Kingdom Supply may exceed expected demand
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Dean Peters of the consulting firm Guidehouse stated in his report that by 2050, hydrogen demand in the EU and the UK is expected to average 2150 -2750 terawatt hours, which is equivalent to 20-25% of the final energy consumption of the EU and the UK
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At the same time, according to Guidehouse's Kees van der Leun, the green hydrogen supply potential of the EU and the UK will gradually rise, reaching 450 TWh by 2030, 2100 TWh in 2040, and 4000 TWh in 2050
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Panelists believe that to achieve the potential of green hydrogen supply, it is necessary to rapidly expand the capacity of wind and solar power generation beyond the capacity required for direct power generation
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In order to meet the projected demand for green hydrogen, renewable energy must produce 2900-3800 TWh by 2050
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Europe can also produce large amounts of blue hydrogen
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By 2040, the network will cover Ireland to Hungary, or from Spain to Nordic countries
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If the pipeline is repurposed, the supply will go through the Baltic Gas Pipeline between Denmark and Poland, and the long-term natural gas contract for the pipeline will expire in 2037
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　　The cost potential of green hydrogen in the EU/UK is also great
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　　Market participants also said that Blue Hydrogen can speed up emissions reduction and can quickly scale up
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　　van der Leun added: "So far, the announced blue hydrogen projects will reach 230 TWh by 2030 and 380 TWh by 2035, with 70% of the production coming from the United Kingdom and the Netherlands
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