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
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