Alvarez & Marsal – Green Hydrogen Report, Feb 2024

Alvarez & Marsal’s Green Hydrogen Report highlights the potential of hydrogen as a key player in achieving a net-zero carbon footprint by 2050, with a projected economic opportunity of nearly USD 0.5 trillion. Countries with abundant renewable resources like India, Egypt, and the UAE are well-positioned to capitalize on this opportunity. The report identifies four key factors that determine a nation’s competitiveness in the green hydrogen market. It suggests strategies such as converting hydrogen to ammonia for transportation and establishing viable offtake guarantees to de-risk projects and attract investments. The report calls for aggressive support for green hydrogen in India, estimating potential exports of USD 3–5 billion by 2030 and advocating for a large outlay of USD 4–12 billion to drive the green hydrogen program. Recommendations also include decoupling renewable energy supply transactions from hydrogen production and simplifying processes for faster execution to attract investments and drive economic growth.