Despite challenges for hydrogen technology providers, Westwood Global Energy says that in early 2025, new strategies emerged to boost investor confidence and drive projects toward final investment decisions (FID).
“Technology providers have been under significant pressure due to the market’s slow growth,” the UK-based analyst noted, highlighting Johnson Matthey’s suspension of further capital investment in hydrogen technologies and Nel’s temporary halt in alkaline electrolyser production in Herøya, Norway.
Read more: JM cuts green hydrogen spending again following investor pressure for strategic overhaul
However, Westwood identified companies such as Topsoe and Sunfire which are introducing insurance-backed and government-supported financing models to enhance project bankability.
