The latest Hydrogen Insights report outlined why the pace and scale of deployment need to accelerate dramatically to meet global climate goals. That’s despite a sevenfold growth in FID to $75 billion in committed capital and a 92% growth in new project investments in the last six months.
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The latest Hydrogen Insights report from McKinsey and the Hydrogen Council reveals over 350 new large-scale hydrogen project proposals announced in the past year.
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The EU has a “very important responsibility” in increasing the amount of projects reaching final investment decision (FID), Daryl Wilson, Executive Director of the Hydrogen Council, told H2 View.
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The EU is nearing completion of regulations to boost its hydrogen economy, but some aspects may need revision for global competitiveness.
Continue readingThe Hydrogen Council informed S&P Global Commodity Insights that the policy obstacles confronting low-carbon and renewable hydrogen projects in Europe are expected to be short-lived, with rapid deployment anticipated once regulatory certainty is achieved.
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Hydrogen investments and deployment have been steadily gaining momentum for years, with acceleration since 2020, revealing the broader picture and the magnitude of the task ahead.
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Globally, there are ambitious plans to increase hydrogen fuel production, seen as crucial for powering nations and reducing greenhouse gas emissions in the clean energy economy.
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Our Executive Director Daryl Wilson spoke to CNBC and said the hydrogen story has been unfolding in the last five years.
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Amidst the global energy transition, the push for a hydrogen-driven clean recovery prompts inquiries into the market’s status, future prospects, industry actions needed, and governmental integration into COVID-19 recovery plans.
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In a July 20, 2020 webinar, Cummins’ CEO, Siemens Energy’s CEO, and experts from the US Department of Energy and the European Commission discussed cross-border hydrogen trade, infrastructure, R&D, investments, deployment incentives, and more.
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