Loading...
Loading...
Exclusive Hydrogen Council column: Financing the clean hydrogen revolution

Exclusive Hydrogen Council column: Financing the clean hydrogen revolution

Allan Baker is Head of Power Advisory & Project Finance at Societe Generale, a Hydrogen Council member.

As we round the corner towards the next COP26 in Glasgow, on the tail of the latest IPCC report, we know that hydrogen will play a major role in industry decarbonisation and ultimately achieving climate goals. The technology is ready, there is political backing like never before, and over 350 large-scale projects are in the pipeline globally1 – all of which shows unprecedented momentum. Yet, there are still big challenges to make the clean hydrogen revolution happen – and it starts with securing the market and financing mass scale up.

Scaling up funds

A smart combination of public and private financial instruments is possible, providing unique benefits and impacts. While grants can support innovation or early-stage demonstration projects, public procurement helps scale up the value chain through public sector investment, and instruments such as equity participation allow venture capitalists to play a leading role by investing in early-stage companies with high growth potential. If supported by appropriate long-term regulatory frameworks, these financial tools can help unlock large-scale projects and industry growth.

... to continue reading you must be subscribed

Subscribe Today

To gain access to this article and all our other content, you will need to subscribe to H2 View.

From the latest print editions, to 24/7 online access to exclusive interviews, authoritative columnists and the H2 View news archive, a subscription is the best way for you to stay up to date with developments in the hydrogen community.

Please wait...