IEA’s bearish but bullish hydrogen review

The global project pipeline has contracted for the first time, but production can still achieve strong growth through 2030, the IEA says in its annual review of the clean hydrogen sector

The IEA has cut its 2030 clean hydrogen production forecast by a quarter as widespread cancellations and delays cause the global project pipeline to contract for the first time. Potential global production by 2030, based on industry announcements, stands at 37mt/yr, down from a forecast of 49mt/yr a year ago. Green hydrogen accounted for 80% of the reduction. When placed alongside the over-ambitious targets set five years ago by policymakers in the EU, the UK and elsewhere, these numbers look worrying. However, in absolute terms, the outlook for this nascent industry looks more positive. The IEA said production is on track for “strong growth” through 2030. “The latest data indicates th