Demand for hydrogen and its offtake is king. It is seen as the main barrier to getting low-carbon hydrogen projects over the line. Despite hopes that the clean alternative would reach near cost parity with its fossil-based incumbent soon, high prices look likely to stick around.
Nonetheless, securing reliable offtake is one of the only elements that can provide certainty to developers that they need to secure financing and scale production.
Producers and offtakers are stuck in a stifling situation where lower prices are desired, but they cannot be achieved until the sector can benefit from economies of scale.
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