France has cut its hydrogen production target from 6.5GW to 4.5GW by 2030 due to market and technology delays but has recommitted to offering €4bn ($4.5bn) in subsidies for producers.
It comes as the country’s Ministry of Economy and Industry unveils its updated hydrogen strategy, which set original targets back in 2020.
“While initial results show promising potential for the sector, implementing solutions to reduce CO2 emissions using hydrogen takes time,” the Ministry said.
“At the same time, the sector is facing several structural changes, including international competition and rapid advances in other decarbonisation methods.”
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