More hydrogen projects need to reach FID
Clean hydrogen sector at tipping point in development
Supportive policies and capital inflow needed to convert growing pipeline of projects into operating capacity
Rapid growth in the pipeline of proposed clean hydrogen projects over the last 12 months has left the industry at a tipping point, with greater progress on FIDs and construction needed in 2022 to maintain the sector’s momentum, analysts say. Supportive government policy will be crucial to moving the industry to the next phase, with long-term incentives needed to help de-risk projects to give investors and developers greater confidence as they look to scale up capacity. “To date, many green hydrogen projects have been planned and announced in Europe, but relatively few have reached FID,” says Robert Bloom, service manager for Edinburgh-based research and consulting firm Delta-EE’s global hydr
Also in this section
17 January 2025
Bank’s UK arm signs first deal to finance a green hydrogen developer, but cost and offtake pressures mean the sector remains too risky for many lenders
15 January 2025
The country’s technology-neutral position and competitive business environment mean it is looking to be surfing the second wave of the energy transition while others are still grappling with the first
14 January 2025
With abundant wind and sunshine, Africa is poised to lead in green hydrogen production. Yet high costs and financing challenges require global partnerships to unlock the continent's potential
14 January 2025
The continent’s largest economy sees an opportunity to join the global export market, but funding gap and lack of regulatory framework present challenges
