Hydrogen has an important role to play in any transition to net-zero and its generation could develop into a market worth over $1 trillion a year, according to Goldman Sachs.
"If we want to go to net-zero we can't do it just through renewable power," Michele DellaVigna, the bank's commodity equity business unit leader for the EMEA region, told CNBC's "Squawk Box Europe" earlier this week.
We need something that takes today's role of natural gas, especially to manage seasonality and intermittency, and that is hydrogen," Goldman Sachs' Michele DellaVigna told CNBC. Described by the International Energy Agency as a "a versatile energy carrier," hydrogen can be produced in a number of ways. One method includes using electrolysis, with an electric current splitting water into oxygen and hydrogen.
/Passle/60211dc9e5416a0c14bc63d4/MediaLibrary/Images/2024-07-25-19-34-58-437-66a2a8e2012a075bf2d3886e.jpg)
The global issues we face are challenging and interconnected. They can seem insurmountable. But if you know where to look, co-operation, positive change and hope are all around us. Build Beyond Ever Better is a project that recognises the progress being made, and the amazing people who are making a difference. Share your own hopes, pledges and projects with #BBEB, or become a contributor.
Please read our BBEB Charter PDF.
/Passle/60211dc9e5416a0c14bc63d4/SearchServiceImages/2026-08-28-21-08-00-332-6a91f8b0de355275bbc2047e.jpg)
/Passle/60211dc9e5416a0c14bc63d4/SearchServiceImages/2026-09-01-19-40-59-331-6a972a4bf9386af8ea707113.jpg)
/Passle/60211dc9e5416a0c14bc63d4/SearchServiceImages/2026-09-03-11-57-48-238-6a9960bc7466c353608a92a5.jpg)
