Integration of hydrogen in electricity markets and sector regulation

Annual production of low-emission hydrogen could reach 38 Mt in 2030. At the beginning of 2020 China installed less than 10% of global electrolysers for dedicated hydrogen production. In 2022, installed capacity in China grew to 30%. By the end 2023 the capacity could reach 50%. Large amounts of government funding are being made available through schemes such as the US Hydrogen Production Tax Credit, the EU Important Projects of Common Projects European Interest and the UK Low Carbon Hydrogen Business Model.