Accelerating progress is important if net-zero goals are to be achieved
Permitting bottlenecks hamper hydrogen projects
Surge of proposals not matched by capital commitments as governments are swamped with planning and permitting applications, according to report from the Hydrogen Council and McKinsey
More than 350 new large-scale hydrogen project proposals have been announced over the past year, according to the latest Hydrogen Insights report from consultants McKinsey and industry body the Hydrogen Council. This brings the number of large-scale project proposals as of the end of January 2023 to more than 1,000, 795 of which aim to be fully or partially commissioned by 2030. “We are filling a funnel that has many, many steps” Wilson, Hydrogen Council Giga-scale projects (more than 1GW of electrolysis for renewable hydrogen supply) account for 112 proposals—double the number in the 2022 report. But less than 10pc of the $320bn of announced investments in all hydrogen projects thro
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
