The hydrogen industry will create 350,000 jobs across the region; will require more than 400 GW of power generation capacity; investments in the range of 300 billion dollars; and exports exceeding 13 billion dollars.
The Latin American and Caribbean Energy Organization, OLACDE, presents a new Technical Note detailing the outlook for low-emission hydrogen in the region.
Several countries in Latin America and the Caribbean (LAC) have developed their low-emission hydrogen roadmaps, setting short-, medium- and long-term goals. This Technical Note reviews the substance of these strategies and some notable figures, both from the countries’ own estimates and from OLACDE’s.
One key figure, for example, is the job creation projected for this emerging industry. In the long term, the low-emission hydrogen industry could create close to 350,000 jobs across the region.
Taking into account project installation targets, as well as regional projections for low-emission hydrogen production, by 2050 installed electrolysis capacity could reach around 200 GW, while power generation capacity would reach more than 400 GW. The Note analyzes the relevance of this energy carrier for the region, with exports expected to exceed 11 million tonnes of hydrogen, generating revenues of more than 13 billion dollars.
For all of this to happen, several conditions must be met, chief among them the investments needed to develop this industry. Electrolysis infrastructure as well as power generation capacity will be required. Cumulative investments in the region are expected to range between 200 billion and 300 billion dollars by 2050.
The document can be reviewed at the following link: https://www.OLACDE.org/publicaciones/nota-tecnica-n-9-perspectivas-del-hidrogeno-bajo-en-emisiones-en-america-latina-y-el-caribe/
