The latest Northwest European hydrogen Monitor has just been published. Some of the key takeaways include: 1. Demand security: scaling-up the hydrogen economy will require more efforts related to demand creation. Without demand security, no long-term offtake contracts, and without no offtake contracts no FIDs; 2. FIDs: less than 4% of the projects announced by 2030 are under construction or reached FID. This highlights the challenges to project development, especially when there is a huge uncertainty regarding future demand for low-emissions hydrogen; 3. A holistic approach to support mechanisms is needed: hydrogen subsidy schemes and support measure should target the […]
