Green Hydrogen: The Next Transformational Driver of the Utilities Industry

In the Carbonomics report, Goldman Sachs Research analysed the major role of clean hydrogen in the transition towards Net Zero. This report focuses on Green hydrogen (“e-Hydrogen”), which is produced when renewable energy powers the electrolysis of water. Green hydrogen looks poised to become a once-in-a-generation opportunity: we estimate it could give rise to a €10 trn addressable market globally by 2050 for the Utilities industry alone.