Final investment decisions (FIDs) on clean hydrogen projects have surged by 90% since last October, but a $335bn financing gap might have put 2030 ambitions out of reach, according to the Hydrogen Council’s latest Hydrogen Insights report.
Despite an increase in the global project pipeline from 1,418 projects ($570bn) in October 2023 to 1,572 ($680bn) in May 2024, the report noted a slowdown in new announcements.
However, FID’d projects, which accounted for less than 7% of investments in the previous publication, have now grown to 11% – 434 projects or $75bn.
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