Launch of Intelligence Report to Improve Transparency, Growth of Hydrogen Market.
A global source of commodity intelligence, ICIS, has announced the commencement of a weekly hydrogen market overview. The “ICIS Hydrogen Market Watch” acts as a central resource for market participants to monitor key developments in the nascent hydrogen market.
In 2019, via its report, “The Future of Hydrogen: Seizing Today’s Opportunities,” the International Energy Agency said the cost of producing hydrogen from renewable electricity could fall 30% by 2030 because of declining costs of renewables and the scaling up of hydrogen production. Credible intelligence overviews are however necessary to bring about pricing information and coverage of core developments across policy, regulations, and more, supporting them in making investment decisions in this important commodity for the future.
Jake Stones, Hydrogen Specialist at ICIS, said, “Hydrogen is one of the key enablers for the energy transition. However, although there is already large hydrogen usage, there is not enough clarity to establish a global market on the level needed for the future. ICIS is therefore producing this free weekly overview to support both price and information transparency to support market growth.”
The hydrogen market is currently opaque, which hinders new entrants as they cannot gauge return on investment. Although there is a lot of disparate information available, this weekly summary focuses on essential developments, giving market participants clear, actionable insights across policy, regulation, and pricing.
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“Supporting investment decisions with a reliable insight about the market and pricing transparency will help bring clarity to the hydrogen market,” continues Stones. “This new intelligence service will feature ICIS’ hydrogen assessment information for unabated Steam Methane Reforming (SMR), commonly referred to as “grey” hydrogen, low-carbon SMR and low-carbon Autothermal Reforming (ATR), and wholesale power market electrolysis. The overview will also show the cost premium between low-carbon hydrogen and grey hydrogen.”
