Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Green hydrogen
  • Blue hydrogen
  • Storage & Transportation
  • Consumption
  • Strategies & Trends
  • Finance
  • Women in Hydrogen 50
  • Podcasts
Search
Related Articles
US confirms early sunset for hydrogen tax credits
Race is on to meet end-2027 deadline for 45V as Congress passes One Big Beautiful Bill Act
Europe should partner with China in clean hydrogen race
China emerges as clear frontrunner as US growth stalls and Europe burdens its industry with labyrinthine regulations
Letter on hydrogen: 45V on the brink?
Defining moment for US hydrogen sector as House Republicans seek termination of green tax credits
Air Products CEO spells out new reality for clean hydrogen
Projects will progress only if they are backed by firm offtake deals, with much of firm’s clean hydrogen portfolio underperforming, Eduardo F. Menezes tells investors
Green hydrogen growing, but barriers remain
Speakers at this year’s CERAWeek conference noted the growing interest in green hydrogen, but hurdles such as cost remain to its adoption at scale
Hy24 enters North America with StormFisher investment
Leading European hydrogen investor commits $50m to green fuels developer amid continued uncertainty over US renewables policy
US hydrogen industry may ultimately benefit from Trump
Sector awaits clarity on tax credits and loan programmes amid mixed signals from the Trump presidency
Hydrogen Market Databook 2025: North America
Both the US and Canada have ambitious plans for their hydrogen sectors
Letter on hydrogen: Doubling down in Davos
Clean hydrogen sector has enough traction globally to ride out a period of policy uncertainty under the Trump administration
Hydrogen Market Databook 2025: Asia
China and India are leading the region in terms of electrolyser development, while Australia accounts for nearly half of Asia’s active hydrogen projects
Governments are supporting the hydrogen sector
US China Financing
Ros Davidson
16 February 2022
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

State funding pledges for hydrogen rise sharply – BNEF

Cash exceeds $100bn through 2030 and demand for clean hydrogen is expected to skyrocket this year, research firm says

Government funding pledged to the hydrogen sector has risen by 40pc globally since July last year and now stands at two-thirds of the level needed to allow the clean fuel to play a strong role in decarbonising economies, says research firm BloombergNEF (BNEF). Funding pledges exceed $100bn through 2030—or $16bn/yr—and are potentially on track by the end of this year to hit the $150bn level identified by BNEF as required to support the scale-up of clean hydrogen. “I would not be surprised if, by the end of this year, $150bn has been promised,” Martin Tengler, lead hydrogen analyst at BNEF, tells Hydrogen Economist. The US offers the most funding of any country thanks to the passage of its Inf

Also in this section
US confirms early sunset for hydrogen tax credits
4 July 2025
Race is on to meet end-2027 deadline for 45V as Congress passes One Big Beautiful Bill Act
EU under fire over blue hydrogen definition
1 July 2025
Gas industry and EU politicians pile pressure on European Commission to provide more regulatory certainty on emissions calculations
Namibia eyes diversifying energy mix as oil stalls
27 June 2025
TotalEnergies’ delayed FID for its Venus project will likely set back first oil, but Windhoek has other irons in the fire
A disorderly transition
26 June 2025
Last year was one of records for renewables but also for oil, gas and coal, as the energy transition progresses in an increasingly uneven way, according to the Energy Institute’s latest annual report

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search