Project delays grow amid policy uncertainty
Greater regulatory clarity and support for demand will be critical for tackling project delays over next two years, say Hydrogen Council and McKinsey
Delays to the rollout of clean hydrogen projects have worsened over the past 12 months, and the industry needs a significant “investment jump” to fulfil its potential role in meeting climate commitments, according to joint analysis by lobby group the Hydrogen Council and management consultants McKinsey. To accelerate the global energy system decarbonisation, an eightfold increase of investment in hydrogen is required until 2030, compared with the current commitment of $75b to projects that have achieved FID, they said in a joint report titled Hydrogen Insights 2024. This is despite an “extraordinary sevenfold increase” in hydrogen projects reaching FID globally over the past four years, the
Also in this section
27 March 2025
Awards celebrate global innovation, leadership and achievement across the energy sector’s people, projects, technologies and companies.
27 March 2025
Region has all the ingredients to become a green hydrogen powerhouse but faces plenty of barriers and stiff competition
21 March 2025
European Hydrogen Bank auction is four times oversubscribed, while industry remains on pause in US amid IRA subsidy uncertainty
21 March 2025
The country is engaging with potential investors from North America and China as it refines its auction process to reflect shifting dynamics in green hydrogen, Hydrom’s managing director tells Hydrogen Economist
