Financial close and final investment decision (FID) are terms we’ve heard tossed about regularly across the hydrogen industry. Or more specifically, the difficulties faced for green hydrogen project developers in reaching the threshold.
FID marks the stage in a project planning process where decisions to make a major financial investment is taken. In the context of large-scale projects of any kind, FID is typically reached before enabling the placing of major equipment orders or the signing of engineering, procurement and construction (EPC) contracts.
The past year or so has seen an ever increasing shift away from the excitement of new and innovative technologies in hydrogen to a razor sharp focus on getting projects on the ground and getting moving towards the ever-desired hydrogen economy.
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