{"id":8929,"date":"2023-05-11T09:15:00","date_gmt":"2023-05-11T07:15:00","guid":{"rendered":"https:\/\/hydrogencouncil.com\/?p=8929"},"modified":"2024-02-27T17:06:14","modified_gmt":"2024-02-27T16:06:14","slug":"hydrogen-insights-2023","status":"publish","type":"post","link":"https:\/\/hydrogencouncil.com\/en\/hydrogen-insights-2023\/","title":{"rendered":"Hydrogen Insights 2023"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"8929\" class=\"elementor elementor-8929\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4dae290b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4dae290b\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-26ca12e4\" data-id=\"26ca12e4\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-30abaa43 elementor-widget elementor-widget-text-editor\" data-id=\"30abaa43\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\n<p>It represents a collaborative effort to share an objective, holistic, and quantitative perspective on the status of the global hydrogen ecosystem.<\/p>\n<p><b>Hydrogen momentum continues to accelerate with more than 1,000 projects requiring USD 320 billion announced globally; however, investment decisions are lagging with only 10% of investment volumes having passed FID<\/b><\/p>\n<ul>\n<li>More than 1,040 projects announced globally, of which 795 aim to commission within 2030<\/li>\n<li>Announced projects represent USD 320 billion investments through 2030, growing from USD 240 billion in previous publication; of this, USD 29 billion has passed FID<\/li>\n<li>Supply accounts for about two thirds of announced investments until 2030, with a total of 38 Mt p.a. clean hydrogen production announced through 2030 with Europe and North America together accounting for nearly 60% of total volumes<\/li>\n<li>The hydrogen project pipeline is growing across all stages of maturity, with 30% to 40% growth in announced \/ planning \/ advanced planning \/ committed, indicating a healthy project funnel<\/li>\n<\/ul>\n<p><b>About 0.8 Mt p.a. clean hydrogen supply is operational today<\/b><\/p>\n<ul>\n<li>Low-carbon hydrogen accounting for about 740 kt p.a., while renewable hydrogen about 60 kt p.a. (equivalent to 700 MW electrolysis capacity)<\/li>\n<li>Large majority of operational low-carbon capacity is found in North America, whereas China is the largest market for operational renewable hydrogen projects<\/li>\n<li>A total of 3 Mt p.a. clean hydrogen capacity has passed FID (including the 0.8 Mt p.a. operational), with North America accounting for 70% of committed volumes (most of which is low-carbon hydrogen)<\/li>\n<li>More than 9 GW of electrolysis capacity has passed FID, nearly doubling from about 5 GW in previous publication, with China accounting for 40% of the committed capacity<\/li>\n<\/ul>\n<p><\/p>\n<p><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-6712b9c elementor-section-content-middle elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6712b9c\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-885757c\" data-id=\"885757c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-38e02da elementor-widget elementor-widget-heading\" data-id=\"38e02da\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">View and download the full report<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-dba14ed\" data-id=\"dba14ed\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fdb2183 elementor-align-right elementor-tablet-align-center elementor-widget elementor-widget-button\" data-id=\"fdb2183\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/hydrogencouncil.com\/wp-content\/uploads\/2023\/05\/Hydrogen-Insights-2023.pdf\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"far fa-file-pdf\"><\/i>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Download the Report<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-9a906d4 elementor-section-content-middle elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9a906d4\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-4e43b83\" data-id=\"4e43b83\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6a3a937 elementor-widget elementor-widget-heading\" data-id=\"6a3a937\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Read the press release<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-1c43e67\" data-id=\"1c43e67\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7c728c1 elementor-align-right elementor-tablet-align-center elementor-widget elementor-widget-button\" data-id=\"7c728c1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/hydrogencouncil.com\/hydrogen-insights-global-project-funnel-gains-momentum-across-value-chain-and-geographies\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"far fa-file-pdf\"><\/i>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Download the Report<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-7d12053 elementor-widget elementor-widget-image\" data-id=\"7d12053\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"768\" height=\"541\" src=\"https:\/\/hydrogencouncil.com\/wp-content\/uploads\/2023\/05\/H2-Insights-2023-768x541.png\" class=\"attachment-medium_large size-medium_large wp-image-8920\" alt=\"\" srcset=\"https:\/\/hydrogencouncil.com\/wp-content\/uploads\/2023\/05\/H2-Insights-2023-768x541.png 768w, https:\/\/hydrogencouncil.com\/wp-content\/uploads\/2023\/05\/H2-Insights-2023-300x211.png 300w, https:\/\/hydrogencouncil.com\/wp-content\/uploads\/2023\/05\/H2-Insights-2023-18x12.png 18w, https:\/\/hydrogencouncil.com\/wp-content\/uploads\/2023\/05\/H2-Insights-2023.png 959w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8852f05 elementor-widget elementor-widget-text-editor\" data-id=\"8852f05\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Want to have the most up-to-date hydrogen market data and insights? <\/strong><\/p>\n<p>This report is accompanied by <a href=\"https:\/\/hydrogencouncil.com\/hydrogen-insights-subscription\/\"><strong><em>Hydrogen Insights<\/em><\/strong><\/a>, a paid subscription-based platform that will provide a regularly updated, global perspective on hydrogen investment momentum, market development, and cost competitiveness. The paid service is available for non-members of the Hydrogen Council. To subscribe and for more information, contact the Secretariat \u2013 <a href=\"mailto:secretariat@hydrogencouncil.com\">secretariat@hydrogencouncil.com<\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Hydrogen Insights 2023 is the latest update on the global hydrogen economy from the Hydrogen Council and McKinsey &#038; Company. It summarizes the current state of the global hydrogen sector and actual hydrogen deployment, with a deep dive into North America.<\/p>\n","protected":false},"author":5,"featured_media":8920,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[131,132,133,134,116,156,75,118,157,135,136,117,115,137,114],"tags":[146],"class_list":["post-8929","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-africa-region-intelligence","category-asia-pacific-region-intelligence","category-central-south-america-region-intelligence","category-europe-region-intelligence","category-format-intelligence","category-industry-subject-matter-intelligence","category-intelligence","category-investment-subject-matter-intelligence","category-market-overview-subject-matter-intelligence","category-middle-east-region-intelligence","category-north-america-region-intelligence","category-policy-subject-matter-intelligence","category-region-intelligence","category-report-format-intelligence","category-subject-matter-intelligence","tag-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Hydrogen Insights 2023 | Hydrogen Council<\/title>\n<meta name=\"description\" content=\"Hydrogen Insights 2023 is the latest update on the global hydrogen economy from the Hydrogen Council and McKinsey &amp; Company. 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It summarizes the current state of the global hydrogen sector and actual hydrogen deployment, with a deep dive into North America.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/hydrogencouncil.com\/en\/hydrogen-insights-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"Hydrogen Council\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-11T07:15:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-27T16:06:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/hydrogencouncil.com\/wp-content\/uploads\/2023\/05\/H2-Insights-2023.png\" \/>\n\t<meta property=\"og:image:width\" content=\"959\" \/>\n\t<meta property=\"og:image:height\" content=\"676\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Joanna Sampson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Joanna Sampson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/hydrogencouncil.com\/hydrogen-insights-2023\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/hydrogencouncil.com\/hydrogen-insights-2023\/\"},\"author\":{\"name\":\"Joanna Sampson\",\"@id\":\"https:\/\/hydrogencouncil.com\/#\/schema\/person\/3f87210db7c9c49b2a48493e0c9fc9db\"},\"headline\":\"Hydrogen Insights 2023\",\"datePublished\":\"2023-05-11T07:15:00+00:00\",\"dateModified\":\"2024-02-27T16:06:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/hydrogencouncil.com\/hydrogen-insights-2023\/\"},\"wordCount\":328,\"publisher\":{\"@id\":\"https:\/\/hydrogencouncil.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/hydrogencouncil.com\/hydrogen-insights-2023\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/hydrogencouncil.com\/wp-content\/uploads\/2023\/05\/H2-Insights-2023.png\",\"keywords\":[\"Report\"],\"articleSection\":[\"Africa\",\"Asia-Pacific\",\"Central &amp; South America\",\"Europe\",\"Format\",\"Industry\",\"Intelligence\",\"Investment\",\"Market Overview\",\"Middle East\",\"North America\",\"Policy\",\"Region\",\"Report\",\"Subject Matter\"],\"inLanguage\":\"en-CA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/hydrogencouncil.com\/hydrogen-insights-2023\/\",\"url\":\"https:\/\/hydrogencouncil.com\/hydrogen-insights-2023\/\",\"name\":\"Hydrogen Insights 2023 | Hydrogen Council\",\"isPartOf\":{\"@id\":\"https:\/\/hydrogencouncil.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/hydrogencouncil.com\/hydrogen-insights-2023\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/hydrogencouncil.com\/hydrogen-insights-2023\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/hydrogencouncil.com\/wp-content\/uploads\/2023\/05\/H2-Insights-2023.png\",\"datePublished\":\"2023-05-11T07:15:00+00:00\",\"dateModified\":\"2024-02-27T16:06:14+00:00\",\"description\":\"Hydrogen Insights 2023 is the latest update on the global hydrogen economy from the Hydrogen Council and McKinsey & Company. 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