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| Thu, 18th Feb 2021 7:40:00 |
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Global hydrogen project pipeline expected to exceed $300 billion by 2030 |
A new report from the Hydrogen Council has estimated that the current hydrogen project pipeline, if realized, would exceed investments of $300 billion by 2030. The report comes amid an acceleration in hydrogen project announcements worldwide and great expectation of hydrogen’s potential in the energy transition.
According to a new report by the Hydrogen Council, the release of national hydrogen strategies by over 30 countries has led to a rapid increase in the volume of investment in hydrogen projects worldwide. The Hydrogen Council is made up of 109 constituent members, representing in excess of US$8.8 trillion in market capitalization and including companies such as BP, Shell, Siemens Energy, Toyota, Anglo American, Snam, and Fortescue.
The report, developed in collaboration with McKinsey & Company and entitled “Hydrogen Insights 2021: A Perspective on Hydrogen Investment, Deployment and Cost Competitiveness”, estimates the total investment in hydrogen projects will surpass $300 billion by 2030, including US$80 billion in mature projects. Of course, these figures, it should be noted, assume all announced projects are successfully achieved.
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