According to experts, hydrogen will cover up to 25% of the world demand for energy by 2050, meanwhile, its cost will be comparable to the cost of gas today. In the next 30 years, the industry will attract about $11 trillion of investment funds, and global hydrogen sales will reach $700 billion per year.
Russia has already been joining the process of new competitive market creation. In October 2020, the Russian Government approved a plan for hydrogen energetics development in Russia until 2024. This event became one of the first big steps towards the implementation of the previously announced plans to substantially increase hydrogen production.
The competitive advantages of Russia include available production capacities, the existing transportation infrastructure, and proximity to potential consumers - the EU countries, China, and Japan.