The Energy Collective Group
This group brings together the best thinkers on energy and climate. Join us for smart, insightful posts and conversations about where the energy industry is and where it is going.
Publication
Hydrogen Insight 2023
Hydrogen Insight 2023
An increase in total direct investment reflects refined estimates of capital expenditures required (primarily for renewable hydrogen supply) resulting in the previously estimated USD 320 billion increasing to USD 435 billion.
Hydrogen will play a crucial role in decarbonizing hard-to-abate sectors, enable the at-scale transport of energy to resourceconstrained regions, and enable a clean and resilient energy system. Its deployment is at an inflection point – on one hand there are tailwinds such as a growing and gradually maturing pipeline of projects and supportive decarbonization regulation. On the other hand, there are headwinds: cost increases, project delays, continued regulatory uncertainty, and higher financing costs.
The project pipeline is growing, with over 1,400 projects announced across all regions (up from about 1,040 in the
previous publication), equaling USD 570 billion investments (previously USD 435 billion and 45 million tons per annum (Mt p. a.)
of clean hydrogen supply announced through 2030 (previously 38 Mt p. a.). Europe shows the largest number of projects (540),
followed by North America (248).
A quarter of projects with known commissioning date has progressed past final investment decision
(FID), representing 7% of the total announced investments. Investments are maturing, with USD 110 billion in front-end engineering and design
(FEED) and beyond (up from USD 75 billion), with 60% growth in investments undergoing FEED. Electrolysis deployment globally has
shown similar growth, passing the 1 gigawatt (GW) mark (up from 0.7 GW previously), with about 12 GW capacity having passed FID.
Discussions
No discussions yet. Start a discussion below.
More Posts
Hydrogen Ports | Wilhelmshaven Electrolyser and Terminal
Hydrogen Ports | Wilhelmshaven Electrolyser and Terminal
The KJ Show Episode 88: Extreme Climate or Climate Extremism?
Dr. Katherine Johnson discusses whether the push towards a net carbon future is based on economic and scientific realities or “fudged” estimates that promote specific agendas?
Investments in fossil fuels continues to be enormous
Since the Paris Agreement global investments in clean energy hasn't outpaced the investment in fossil fuel companies by as much as you might think. Check out the latest findings and which banks continue to be major supporters of the fossil fuel..
GIGAWATT SCALE CABLE AND MOORING INSTALLATION
GIGAWATT SCALE CABLE AND MOORING INSTALLATION
Get Published - Build a Following
The Energy Central Power Industry Network® is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.
If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.
Sign in to Participate