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Only 20pc of hydrogen projects have reached FID

9/16/2022

Tom Young - Co-editor Hydrogen Economist Analysis of GEI data shows Europe leads the way, but the US and China are set to see rapid growthJust 217 of 1,066—around 20pc—low-carbon hydrogen projects being developed around the world have taken FID, according to Global Energy Infrastructure (GEI) data. Getting projects to FID has proved difficult over the past few years, as developers struggle to secure the necessary finance and offtake agreements, despite the release of high-level state hydrogen strategies. Of the 217 projects that have taken FID, 119 are in Europe. The EU was the first region in the world to set a hydrogen strategy with import and production targets, which were then beefed

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