How can Norway lead the Hydrogen industry of tomorrow, an overview of the hydrogen industry in Norway

Abstract

What is the potential of the Norwegian Hydrogen Market? Using secondary data from hydrogen industry reports and conferences, this paper provides a conceptual analysis of the Norwegian market situation and defines the means and measures to achieve this potential. Our research finds that hydrogen could be considered a viable alternative to Oil and Gas as one of the Norwegian most valuable resources in the future. However, to reach that point, the investing perspectives need to change in the private sector, through venture capital, as well as the public sector, as the government strongly influences investing trends in Norway. The market characteristics will also have to be considered as the local market is limited in size: partnerships and inter-country cooperation will provide access to bigger markets preventing the issue. The Norwegian market infrastructure is also particularly favorable to the development of hydrogen. If the government increases its involvement in the industry and measures are taken to lessen the risk of hydrogen development, Norway can become the hydrogen leader of tomorrow.