Hydrogen Sector Sees Seven-Fold Investment Increase Over Four Years, Reaches $75 Billion

The Hydrogen Council reported today that the global pipeline for clean hydrogen projects is expanding and maturing, with 434 projects amounting to approximately $75 reaching a final investment decision (FID).?

This represents a seven-fold increase in committed investment over the last four years, rising from $10 billion across 102 projects in 2020 and a 90% increase since the last update, which noted USD 39 billion in October 2023.?

Also read: BP and Iberdrola Announce Joint Venture for 25MW Green Hydrogen Project ?

Jaehoon Chang, President and CEO of Hyundai Motor Company and Co-Chair of the Hydrogen Council, said, “The seven-fold increase in committed capital for hydrogen projects reaching FID over the past four years demonstrates the industry’s progress. We are pleased to see the industry walking the talk at this critical transitional moment, as evidenced in the latest Insights report.”?

He added, “Moreover, further action is needed to ensure an accessible and affordable hydrogen supply, enabling the widespread adoption of hydrogen.”?

Continue reading