Global hydrogen industry reports $75 billion in committed capital, but project delays jeopardize climate goals Page 1

BRUSSELS, 17 September 2024 /PRNewswire/ — The global pipeline of clean hydrogen projects is growing and maturing, with a sharp increase in projects reaching Final Investment Decision (FID), according to the Hydrogen Council's latest analysis of more than 1,500 projects worldwide, while the pace and scale of implementation must dramatically accelerate to meet global climate goals.

The Hydrogen Insights 2024 The report, published today and co-authored by McKinsey & Company, shows that the global project pipeline has grown by a factor of seven from 228 projects to 1,572 projects since 2020, June 2024it has also matured, with a strong focus on advancing projects towards implementation. Most notably, clean hydrogen projects that have achieved FID also saw a seven-fold increase in committed investment, from about 10 billion US dollars over 102 projects in 2020 up to
75 billion US dollars over 434 projects in 2024.