The sustainable energy revolution

Throughout SFA (Oxford)’s history, we have provided our clients with unparalleled analytical insights, showing that technological innovation, legislation and business developments all point to the greater adoption of electrolyser and hydrogen fuel cell technology as a key global clean energy solution.

We have worked with clients in the hydrogen fuel cell space on projects ranging from assessing the role of fuel cell vehicles in underground mining, understanding the supply and pricing dynamics of platinum, iridium and ruthenium to assess the long-term viability of the hydrogen market, through to assisting investors seeking an understanding of the industry and the role of the PGMs in its future.

Naturally, transport remains one of the most visible applications of fuel cell technology and SFA's PGM demand forecast model enables us to identify the growth opportunities and mitigate the risk. Nearly 20 years of forecasting PGM demand in autocatalysts — light-duty and heavy-duty, gasoline and diesel, in regions subject to a range of air quality standards – has enabled us to move seamlessly into forecasting demand for the critical metals deployed in hydrogen fuel cell vehicles and hydrogen production. The key themes in our bespoke reporting include:

• Identification and analysis of the commercial hydrogen chain players, and associated developments.

• Evolving technology and patents.

• Critical project investments, as well as government and regional policy developments supporting the hydrogen sector.

• Main markets, including electrolysers and fuel cells in different transport modes (trucks, buses, trains, ships, cars etc.), and the timescale for regional and global growth.

• The critical roles of platinum, iridium and ruthenium in the hydrogen economy and forecast end-use demand.

• Evaluating the risks from competing technologies and how hydrogen fuel cell-based technologies can be competitive.

Who should read this report?

• Hydrogen focused end-users, fabricators and investors in need of an independent picture of platinum, ruthenium and iridium markets covering metal supply and demand, stocks and pricing, as well as evolving technologies and new applications, including opportunities, threats and substitutes, as well as an understanding of price risks.

Live Q&A with the analysts

• Our report is supported by a video call, most often hosted through MS Teams and led by Dr Jenny Watts, to run through our findings, and address any further questions your team may have.