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Prospects for the Development of Hydrogen Energy: Overview of Global Trends and the Russian Market State

Author

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  • Elena Vechkinzova

    (Department of Management Theory and Business Technologies, Plekhanov Russian University of Economic, 36 Stremyanny Lane, Moscow 117997, Russia)

  • Larissa P. Steblyakova

    (Institute of Marketing, State University of Management, 99 Ryazansky Prospect, Moscow 109542, Russia)

  • Natalia Roslyakova

    (Laboratory of Economic Dynamics and Innovation Management, V.A. Trapeznikov Institute of Control Sciences Russian Academy of Sciences, Moscow 117997, Russia)

  • Balnur Omarova

    (Department of Economics and Enterprise Management, Abylkas Saginov Karaganda Technical University, Karaganda 100027, Kazakhstan)

Abstract

This review is devoted to an overview of the prospects for the development of the global hydrogen market and the strategies of individual countries aimed at transforming energy systems in favor of decarbonization and greening through the use of hydrogen. Special attention is paid to the prospects for the development of the Russian hydrogen market. The authors of the review used the method of comparative analysis and analytical generalization of publications, programs and regulatory documents from different countries. The results of the comparative analysis led to the conclusion that most of the publications currently focus on the technical and technological aspects of hydrogen energy, solving the problem of increasing the efficiency of methods for the production, transportation, distribution and storage of hydrogen fuel. The results of the analytical generalization led to the conclusion that in all countries of the world, the technology for the production of highly environmentally friendly “green” hydrogen is at an early stage, which makes it highly dependent on government initiatives to develop hydrogen projects and government funding of both scientific research in this area and realizable projects. In addition, the peaks of interest in the field of hydrogen energy are associated with market changes in the fossil energy markets, which makes the development of this technology unstable and dependent on market conditions. Moreover, the focus of attention of a number of authors is the prospects for the development of the hydrogen market. It is concluded that many countries are ready to invest in the development of hydrogen energy and, given the growth in demand for hydrogen, are ready to export it at an affordable price. That is, in the future, the international hydrogen market, as technical, technological, and economic problems are solved, will grow. The results of the study also indicate the fundamental co-direction of the trends in the development of hydrogen energy in Russia with global trends. At the same time, it should be emphasized that the high resource and scientific and technological potential allows Russia to fully focus its strategy on its implementation, not only developing the domestic market but also acting as an exporter of hydrogen and expanding international cooperation in this area.

Suggested Citation

  • Elena Vechkinzova & Larissa P. Steblyakova & Natalia Roslyakova & Balnur Omarova, 2022. "Prospects for the Development of Hydrogen Energy: Overview of Global Trends and the Russian Market State," Energies, MDPI, vol. 15(22), pages 1-29, November.
    • Handle: RePEc:gam:jeners:v:15:y:2022:i:22:p:8503-:d:972232
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    References listed on IDEAS

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    1. Larissa P. Steblyakova & Elena Vechkinzova & Zhibek Khussainova & Zhanibek Zhartay & Yelena Gordeyeva, 2022. "Green Energy: New Opportunities or Challenges to Energy Security for the Common Electricity Market of the Eurasian Economic Union Countries," Energies, MDPI, vol. 15(14), pages 1-26, July.
    2. Zabanova, Yana & Westphal, Kirsten, 2021. "Russia in the global hydrogen race: Advancing German-Russian hydrogen cooperation in a strained political climate," SWP Comments 34/2021, Stiftung Wissenschaft und Politik (SWP), German Institute for International and Security Affairs.
    3. Yana S. Matkovskaya & Elena Vechkinzova & Yelena Petrenko & Larissa Steblyakova, 2021. "Problems of Innovative Development of Oil Companies: Actual State, Forecast and Directions for Overcoming the Prolonged Innovation Pause," Energies, MDPI, vol. 14(4), pages 1-24, February.
    4. Alexandra Kopteva & Leonid Kalimullin & Pavel Tcvetkov & Amilcar Soares, 2021. "Prospects and Obstacles for Green Hydrogen Production in Russia," Energies, MDPI, vol. 14(3), pages 1-21, January.
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    1. Konstantin Gomonov & Marina Reshetnikova & Svetlana Ratner, 2023. "Economic Analysis of Recently Announced Green Hydrogen Projects in Russia: A Multiple Case Study," Energies, MDPI, vol. 16(10), pages 1-15, May.

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