The UK Hydrogen Innovation Opportunity: Techno-economic Methodology

This report outlines the methods and assumptions used in the hydrogen technology market analysis. The results of the analysis are presented in The UK Hydrogen Innovation Opportunity and the supporting report Hydrogen technology roadmaps. They include forecasts for the following market data:
○ Global hydrogen economy The overall size of the global hydrogen economy in 2023, 2030 and 2050.
○ Global and UK hydrogen technology market by technology family
This is the proportion of the total future hydrogen economy attributable to hydrogen-related technologies in 2023, 2030 and 2050. The hydrogen economy is defined as the ‘end-to-end’ value created from hydrogen production, storage & distribution, and use. This includes the direct economic value associated with production and distribution of hydrogen as a fuel or chemical feedstock, hydrogen infrastructure, technologies, products, services, and the indirect economic value created through products and services that indirectly support the use of hydrogen in industry, transport, power generation and heating. This endto-end definition of the hydrogen economy is represented in Figure 1 overleaf.
This report can also be downloaded for free on the Hydrogen Innovation Initiative website.