Despite a significant surge in final investment decisions (FIDs) worldwide in 2024, with industry giants like bp and Shell committing to major clean hydrogen projects, the industry remains a way off meeting expectations, with large-scale projects lagging.
The bankability of hydrogen projects hinges on a combination of financial support, robust risk mitigation strategies and alignment with market and policy trends.
The Hydrogen Council’s Hydrogen Insights report revealed that FIDs on clean hydrogen projects have increased by 90% since October 2023, with 434 projects crossing the threshold.
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