Green project pipeline growth slows – Topsoe

Danish electrolyser manufacturer also raises concerns over renewable power access as it gears up for push into US market

Cost pressures have slowed the growth of the green hydrogen project pipeline “significantly” in the past four months but demand for electrolysers continues to outstrip supply, according to Danish electrolyser manufacturer Topsoe. Increases in the cost of capital because of higher interest rates, as well as higher energy and construction costs, have combined to slow growth, Kim Hedegaard, Topsoe’s CEO of power-to-X, told Hydrogen Economist. “It is basically all the cost components that have gone up, and that puts additional pressure on the project developers,” he said. Despite the slowdown, the project pipeline remains “extremely large”. “Demand is still significantly larger than the supply s