China is investing in hydrogen
Hydrogen project announcements accelerate – Hydrogen Council
Total investment in projects along the whole value chain amounts to an estimated $500bn before 2030
Globally, 131 large-scale hydrogen projects have been announced since February 2021, taking the total to 359 projects that will produce 10mn t/yr by 2030, according to the latest Hydrogen Insights Update from the Hydrogen Council, a global CEO-led initiative. The world’s hydrogen demand needs to hit 212 mn t/yr for the goals of the Paris Agreement to be achieved, according to separate modelling by the IEA. Total investment in projects along the whole value chain amounts to an estimated $500bn before 2030, the Hydrogen Council says. Around $150bn of these investments are considered mature—meaning the investment is in a planning stage, has passed FID, or is for a project already under construc
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