Turmoil in Middle East reminds nascent clean hydrogen sector that its future prospects are dependent on global energy markets and geopolitics
It can be tempting to view the nascent clean hydrogen industry in isolation from the rest of the global energy complex. After all, hydrogen-specific government policies, subsidies and electrolyser technology are the key drivers of this new industry as it attempts to scale up, right? However, the turmoil unleashed in the wider energy market in early March, as the US/Israel-Iran conflict escalated across the Middle East, served as a stark reminder that the clean hydrogen sector is also highly exposed to global energy markets and geopolitics. Natural gas prices in Europe surged 50% at one stage as military strikes led to the suspension of LNG production at Ras Laffan in Qatar, a complex respons
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