Published Year: 2024
Green Hydrogen Market - A Global and Regional Analysis: Focus on Application, Technology, Renewable
The global green hydrogen market was valued at $828.2 million in 2023, and it is expected to...
Market Research Report
A quick peek into the report
White Hydrogen Market Overview:
The white hydrogen market is emerging as a transformative force in the energy sector, offering a clean alternative to traditional energy sources. White hydrogen is distinct in its production method, as it is generated through advanced processes that set it apart from conventional hydrogen production techniques. This innovative approach to hydrogen generation presents an opportunity to significantly reduce carbon emissions and decrease reliance on fossil fuels, thereby contributing to the global effort to combat climate change. The versatility of white hydrogen allows for its use across various applications, including transportation, power generation, and industrial processes, making it a key component in the transition toward a sustainable and low-carbon economy. As awareness and demand for sustainable energy solutions increase, the white hydrogen market is expected to expand, playing a crucial role in shaping the future of clean energy.
Market Lifecycle Stage
The white hydrogen market is likely to be driven by the demand for sustainable energy alternatives. It is also known as gold hydrogen or natural hydrogen. It is derived not through environmentally harmful methods or renewable electricity but directly from the planet's natural geological resources. This form of hydrogen, which is found in abundance within the Earth's crust, offers an inexhaustible and clean energy source. Despite the existing hurdles related to its extraction and development of necessary infrastructure, the expanding clean energy industry and increasing environmental concerns highlight a promising outlook for white hydrogen. Its successful exploitation could lead to transformative changes across various sectors, including transportation, electricity production, and manufacturing, steering the world toward an eco-friendly and more sustainable path. The market is still in its nascent stage, but the opportunity it presents is enormous, which marks the beginning of a competitive endeavor in the clean energy powerhouse.
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Impact:
The white hydrogen market signifies a profound industrial impact across various sectors. These naturally occurring alternatives offer a sustainable solution to greenhouse gas emissions, reducing environmental harm and promoting ecosystem health. By reducing carbon emissions, lowering energy use, and supporting clean energy sources, white hydrogen contributes to a more sustainable environmental future. Additionally, its clean production process promotes safer industrial practices and offers the potential for cleaner air and water. This market stimulates advancements in clean energy technology, propelling research and development toward more efficient production and utilization methods for white hydrogen. Regulatory frameworks are essential to ensure product safety and compliance standards. Overall, the rise of white hydrogen marks a transition toward environmental safety, laying the groundwork for a more resilient and sustainable energy.
The key players operating in the white hydrogen market include Helios, Natural Hydrogen Energy LLC, Koloma, Hydroma Inc., H2Au, La Francaise de l Energie SA, Gold Hydrogen Limited, and HyTerra, among others. These companies are focusing on strategic partnerships, collaborations, exploration, and extraction to enhance their offerings and expand their market presence.
Market Segmentation:
Segmentation 1: by End-User Application
• Oil and Gas
• Industrial Feedstock
• Mobility
• Power Generation
• Others
Segmentation 2: by Source
• Serpentinization of Olivine and Pyroxene Ultramafic Rocks (Containing Peridotite, Dunite, or Kimberlite)
• Volcanic Activity and Magma Crystallization
• Hydrothermal Vents
• Degassing Primordial Hydrogen
• Others (Ophiolite Seeps, Graphite Deposits, Conventional Oil and Gas Sources and Generation, Potash Deposits, Earthquakes, Fermentation of Organic Matter, Oxidation, or Corrosion of Iron Compounds)
Segmentation 3: by Country
• Mali
• U.S.
• France
• Australia
• Spain
• Oman
• Russia
• Kazakhstan
• Nordic Region (including Iceland)
• Eastern Europe (including Ukraine, Kosovo, Serbia, and Poland)
• Korea
• Japan
Recent Developments in the White Hydrogen Market
• In July 2023, Koloma received a significant investment of $91 million from notable backers such as Bill Gates and other investors. This funding is earmarked for their initiative to drill for white hydrogen in the U.S. Midwest, a venture poised to significantly contribute to the advancement of the clean energy revolution. The hydrogen startup intends to take advantage of incentives provided by the Inflation Reduction Act and the U.S. Bipartisan Infrastructure Law, specifically the hydrogen production tax credit (PTC).
• In May 2023, an inadvertent discovery was made in the Lorraine region of France, i.e., a substantial deposit of white hydrogen. The revelation came during soil methane level tests conducted by a collaborative team comprising researchers from the University of Lorraine’s GeoRessources Lab, France’s National Centre for Scientific Research (CNRS), and energy producer La Française de l'Energie. Presently, efforts are underway to drill deeper to ascertain the precise quantity of hydrogen present. Initial estimates suggest the potential presence of approximately 46 million tonnes, which surpasses more than half of the world's current annual production of gray hydrogen.
• In January 2023, Hydroma Inc., an energy provider specializing in natural and green hydrogen projects, entered a memorandum of understanding with Senegal’s Permanent Secretariat for Energy (PSE) to foster the growth of both green and natural hydrogen industries. Moreover, in December 2022, the company entered a partnership agreement with Pegasus Capital Advisors (PCA) aimed at advancing green and natural hydrogen projects in Africa and Canada, indicating progress in global sustainability efforts.
Demand - Drivers and Limitations
The following are the demand drivers for the white hydrogen market:
• Increase in R&D and awareness regarding white hydrogen
• Rise in inclination toward sustainable resources over conventional
• White hydrogen having potential for cost competitiveness
The following are the limitations of the white hydrogen market:
• Underdeveloped white hydrogen infrastructure
• Potentially sizable white hydrogen reserves in Earth's crust largely untapped
Analyst View
According to Debraj Chakraborty, Principal Analyst, BIS Research, “The white hydrogen market is likely to grow multi-fold in the coming years, owing to the rapidly growing demand for sustainable energy, increasing awareness of the environmental impact of greenhouse emissions, and sustainability. This increased interest aligns with increasing environmental awareness, shifting consumer preferences, and advancements in technology, creating a favorable landscape for the widespread acceptance and expansion of the white hydrogen market. Moreover, substantial investments in the white hydrogen market further reinforce its growth potential. As investors recognize the economic and environmental benefits of white hydrogen, increased funding is facilitating research, development, and scaling of production processes. The market is expected to witness significant growth in the coming years, and key players in the market are focused on strategic partnerships, collaborations, mergers, and acquisitions to expand their market presence and enhance their product offerings.”
White (Natural) Hydrogen Market
Focus on Exploration, Identified Deposits, and Future Scenarios
Some Faq's
Frequently Asked Questions
Ans: The market study conducted by BIS Research considered the definition of white hydrogen, also called natural hydrogen or gold hydrogen, to be a naturally occurring geological form of hydrogen that is typically found in underground deposits. White hydrogen is formed through natural processes, distinct from hydrogen produced through industrial or laboratory methods. In contrast to green hydrogen, which is generated from renewable energy sources, and gray, brown, or black hydrogen, derived from fossil fuels, white hydrogen may indeed be renewable. Natural hydrogen is considered non-polluting and can offer lower costs compared to industrially produced hydrogen. It has been identified in various source rocks located beyond the traditional sedimentary basins where oil companies typically operate. The presence of natural hydrogen in these source rocks presents an opportunity for accessing clean and potentially abundant hydrogen resources that could contribute to a more sustainable energy future. The market study conducted by BIS Research considered the definition of white hydrogen, also called natural hydrogen or gold hydrogen, to be a naturally occurring geological form of hydrogen that is typically found in underground deposits. White hydrogen is formed through natural processes, distinct from hydrogen produced through industrial or laboratory methods. In contrast to green hydrogen, which is generated from renewable energy sources, and gray, brown, or black hydrogen, derived from fossil fuels, white hydrogen may indeed be renewable. Natural hydrogen is considered non-polluting and can offer lower costs compared to industrially produced hydrogen. It has been identified in various source rocks located beyond the traditional sedimentary basins where oil companies typically operate. The presence of natural hydrogen in these source rocks presents an opportunity for accessing clean and potentially abundant hydrogen resources that could contribute to a more sustainable energy future.
Ans: The emerging white hydrogen market offers a wealth of opportunities for both pioneering entrepreneurs and established entities. Key areas of potential include the surging investments in white hydrogen from governments, industry players, and research institutions and enforcement of stringent government initiatives to curb greenhouse gas emissions.
Ans: The white hydrogen market is poised to grow over time, compelling companies to come up with collaborative strategies to sustain themselves in the intensely competitive market. Companies with an identical product portfolio with a need for additional resources often partner and come together for joint venture programs, which help the companies gain access to one another’s resources and facilitate them to achieve their objectives faster.
Ans: A new entrant can focus on partnering with the existing natural gas company. Also, start-ups can focus on funding, launching new innovative products, and expanding their sales and distribution networks.
Ans: The following are some of the USPs of this report:
• A dedicated section focusing on the trends adopted by the key players operating in the white hydrogen market
• Company profile of the companies operating in the ecosystem offering a holistic view of the white hydrogen market landscape.
• Qualitative and quantitative analysis of the white hydrogen market
• Supply chain and value chain analysis
Ans: White hydrogen exploration and extraction companies, upstream service providers, gas players, service and equipment companies, energy companies, chemical and industrial companies, research institutions, and investors can buy this report.
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