BP, the fourth-largest investor-owned oil company in the world, has announced it intends to capture a 10% share of hydrogen in core markets by 2030.
Core markets include the US, UK, Europe and Australia.
“BP analysis shows that hydrogen could have around an 8% share in final energy consumption by 2050… To put that into context, this would be broadly similar to the share of the global energy mix that natural gas has today.”
— Felipe Arbelaez, SVP, hydrogen and CCUS
We’re following the growth of the global Hydrogen market closely on The Oregon Group. Read our introduction to investing in hydrogen energy.