ADI developed high-level demand and supply forecasts for liquid hydrogen over a 10-year period, with a focus on mobility and semiconductor applications. The work highlights the ortho-to-para conversion catalyst requirements and the impact of rapid cooling on storage boil-off risks. Demand scenarios were balanced against a database of over 600 low-carbon hydrogen projects to identify timing for liq\uefaction capacity builds.
The client
Industrial equipment manufacturer
The situation
The client needed to understand the timing of liquid hydrogen demand growth to align catalyst manufacturing capacity expansion.
ADI’s contributions
Policy and regulatory analysis
Review of strategies across 40+ nations identified the IRA and REPowerEU as primary drivers for hydrogen fuel cell adoption.
Application-specific demand modeling
Demand analysis across mobility, semiconductors, and space industries identified mobility as the critical near-term inflection point.
Capacity addition tracking
Leveraging proprietary databases, ADI tracked proposed low-carbon hydrogen projects to forecast plant FIDs.
Supply-demand gap analysis
Comparison of forecasted liquefaction capacity vs. demand highlighted a period of potential oversupply through the late 2020s.
Key outcomes
- Strategic alignment of manufacturing capacity with projected liquefaction plant start-ups in North America and Developed Asia.
More insights
Article
CBAM puts a new price tag on emissions
On April 7, 2026, the European Commission announced the first official Carbon Border Adjustment Mechanism (CBAM) certificate price for Q1 2026 at €75.36 per tonne of CO2 equivalent (~$88/t CO2e), marking the EU’s first explicit carbon price applied to imported goods. This rate will be applied to the embedded emissions in CBAM-covered imports and is […]
Article
Cooling fluids are becoming a constraint in AI data centers
Immersion cooling fluids are taking on more importance as data‑center operators deploy higher‑power artificial intelligence (AI) and high-performance computing (HPC) systems. Rack densities are increasing faster than traditional air systems can accommodate, and liquid cooling is now part of the design discussion for many new builds and retrofits. In that context, fluid properties affect reliability, […]
Premium content
Implications of UAE’s exit from OPEC
Part of ADI Analytics’ ongoing coverage of the implications of the Iran conflict across oil & gas, LNG, refined products, and chemicals. The UAE’s exit from OPEC (see our prior blog) in late April 2026 reflects a decisive shift toward a volume‑driven strategy focused on monetizing its hydrocarbon resource base ahead of the global energy […]