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Why We Believe In Hydrogen?

According to the IEA study(2021),the hydrogen demand is expected to increase from the current 90 million tons/annum to over 500 million tons/annumby 2050.The current hydrogen demand isconcentrated predominantly in the refineries andammonia sectors.In the future,sunrise sectors willopen up for hydrogen consumption,such as steel,cement,blending in natural gas grid,buildings andmobility among others.According to the study byMcKinsey (2021),there are more than 250 B$ofprojects announced through 2030 and close to 100B$in advanced planning stages.