Allianz Commercial: Insurance Market For Hydrogen Could Reach More Than US$3 Billion By 2030
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6 Articles
According to Allianz Commercial, the global hydrogen market is facing a massive growth spurt. As the industrial insurer writes in a report, global demand could increase fivefold by 2050. For insurers, the technology that benefits from the energy transition carries both opportunities and risks – as the experts also expect a growing risk of serial damage. Allianz sees great potential in securing hydrogen projects first appeared on the insurance in…
Allianz Commercial: Insurance market for hydrogen could reach more than US$3 billion by 2030 - Brand Spur
Hydrogen demand could increase fivefold by 2050, while clean production may rise to 60% by 2035, driven by significant investments and planned projects globally. While market potential for hydrogen is very high, there are lots of unknown variables and risks for setting up a robust and secure infrastructure. The insurance sector has an important role to play in the hydrogen economy, addressing risks across the supply chain, from construction and …
Allianz Commercial: Insurance Market For Hydrogen Could Reach More Than US$3 Billion By 2030
Hydrogen demand could increase fivefold by 2050, while clean production may rise to 60% by 2035, driven by significant investments and planned projects globally. While market potential for hydrogen is very high, there are lots of unknown variables and risks for setting up a robust and secure infrastructure. The insurance sector has an important role [...] Source from InfoStride News
Exclusively Allianz Commercial, the Munich-based company insurer, wants to invest more in and insure hydrogen projects. In a recent report, the company states that global demand for hydrogen will increase fivefold by 2050. For the insurance industry, this means enormous market potential. However, according to Allianz, the technology also carries great risks. The industrial insurer Allianz Commercial wants to invest in hydrogen technologies [...]
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