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Hydrogen gathering strong momentum with a $300bn+ project pipeline, says new report

Hydrogen gathering strong momentum with a $300bn+ project pipeline, says new report

Hydrogen can become the most competitive low-carbon solution in more than 20 applications by 2030, including long haul trucking, shipping and steel, says new report released today by the Hydrogen Council.

The report comes at a time when hydrogen is receiving unprecedented interest and investment, and it shows the rapid acceleration of hydrogen projects worldwide – with 200+ large-scale projects announced across the value chain, totalling more than $300bn.

At the beginning of 2021, more than 30 countries have released hydrogen roadmaps and governments worldwide have committed over $70bn of public funding in support of decarbonisation through hydrogen technologies, the report, developed in collaboration with McKinsey & Company, highlights.

No less than 228 large-scale projects have been announced along the value chain, with 85% located in Europe, Asia and Australia.

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