China launches its first national green hydrogen subsidy framework
October 24, 2025
The latest H₂ Market Radar by Team Consult shows a marked slowdown in hydrogen project momentum across Northwest Europe.
While 128 electrolysis plants (503 MWel) are now in operation, 18 projects have been cancelled since late 2024 — signalling a phase of consolidation after years of rapid announcements.
The report cites a declining risk appetite among large corporates and challenges in securing long-term offtake contracts as key reasons for cancellations.
At the same time, the study highlights Europe’s dominance in hydrogen storage development, with 86 % of all global storage projects located in the region — mostly in Germany, Austria, Poland, the UK and France.
Overall, the findings reflect a maturing hydrogen sector: fewer speculative projects, more focus on commercially grounded ventures, and growing emphasis on storage and system integration.
Source: Team Consult
[Full report available to members here]
