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
Hydrogen Insight
Hydrogen momentum is strong: more than 1,000 project proposals have been announced globally Globally, the industry has announced more than 1,000 large-scale project proposals as of the end of January 2023.
Since the previous publication,2 more than 350 new proposals have been announced. Of the total, 795 aim to be fully or partially commissioned through 2030 and represent total investments of USD 320 billion of direct investments into hydrogen value chains through 2030 (up from USD 240 billion). Europe remains the global leader in hydrogen project proposals, with the highest total investments (USD 117 billion, 35% of global investments) and highest absolute growth (USD 40 billion).
Latin America and North America follow Europe, each representing about 15% of announced investments. Growth in North America increased following the announcement of the IRA (see Section 03 of this publication). Giga-scale project proposals (over 1 GW of electrolysis for renewable hydrogen supply or more than 200,000 kt p.a. of low-carbon hydrogen) account for 112 project proposals (requiring about USD 150 billion investment until 2030), nearly doubling from 61 eight months ago. Of these 112 proposals, 91 are renewable and 21 are low-carbon hydrogen.
Momentum is strong, and the industry is planning investments into clean hydrogen, yet much more needs to be done. To be on track to net zero in 2050, more than a doubling of announced investments is needed by 2030 – and these need to be matured and deployed
Discussions
No discussions yet. Start a discussion below.
More Posts
Do Hydrogen and Whiskey Mix?
Discussions on industries with the greatest negative impact on the climate typically include cement, steel, and aluminum. Distilling whiskey isn't on the radar, but that hasn't deterred one company from making an effort to go green.
Offshore Wind, Eastern Seaboard Canada and the United States
Offshore Wind, Eastern Seaboard Canada and the United States
No significant impact | Beacon Offshore Wind, Massachusetts.
Beacon Wind project offshore Massachusetts.
EHB, European Hydrogen Bank | Expected Offtakers
EHB | Expected Offtakers
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