Market Assessment for Offshore Green Hydrogen Production

Client success details

The support and insights FutureBridge delivered, helped our client in understanding the long list of both hydrogen demand and production hotspots at the global level. Our analysis answered several of our client’s critical business questions including:

The potential production of green hydrogen offshore is more than 18 times the energy demand from onshore today. 

• What are the regional hotspots for hydrogen production?
• How are the regional green hydrogen roadmaps?
• What is the competitiveness of the cost of offshore green H2 vs onshore green H2 under different scenarios?
• What is the business case for offshore Hydrogen?

FutureBridge conducted extensive primary and secondary research to understand the regional hotspot assessment in a global context, the regional green hydrogen roadmap assessment, and the competitiveness of the cost of offshore Green H2. Our research included:

• Identifying offshore regions/locations with the most favorable offshore electricity production from a hydrogen production perspective
• Studying all the relevant hydrogen roadmaps for the specific regional hotspot and estimating the potential demand for green hydrogen at the regional hotspot level
• Determining LCOH of offshore green H2 (offshore renewable energy based ) for identified regional hotspots
• Determining the tipping point in terms of distance from shore where offshore hydrogen becomes competitive to onshore hydrogen based on Energy transfer dynamics and offshore platform.