The latest publication of the Hydrogen Council and McKinsey co-authored Hydrogen Insights has painted a recurring picture from previous reports: investments continue to grow but final investment decisions (FIDs) are falling short.
Highlighting global project pipeline growth – including clean hydrogen production, end-use and infrastructure – of 35% to $570bn in six months across over 1,400 projects, the report found projects in FEED phases grew by 60%.
However, just 7% ($39.9bn) of announced investments have passed FID, according to the report. The previous report’s findings can be found here.
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