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Editor’s note: This story is part of the Utility Dive Outlook on 2021, a series on the trends that will shape the industry in 2021. For a look at the business trends affecting other industries, see the Dive Outlook on 2021.
The hydrogen industry has seen a significant acceleration of activity recently, with new projects, pilot studies and commercial partnerships. It has been the subject of significant attention before. This time, the hype may be warranted, analysts say, and 2021 is likely to see even more activity.
December, in particular, was extremely busy for us, said Vinayaka Nakul Prasad, corporate strategy manager for Siemens Energy. In one month, the company launched four projects tied to Siemens Energy s electrolysis or hydrogen gas turbine businesses, dispersed across three continents. But Prasad expects even more to come in 2021.