A Hydrogen Council report published today (May 11) found that the number of hydrogen projects reaching final investment decision (FID) had grown by 30% between May 2022 and January 2023.
The Hydrogen Insight 2023 report by the Hydrogen Council and McKinsey & Company highlighted growth across the global project funnel, estimating that total investments had increased by 35% from May last year (2022) to this January (2023).
Despite just 9% of total investments having reached final investment decision (FID), that saw a 30% increase over the same period.
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