Global hydrogen market: progress slows as projects consolidate

Global hydrogen project pipeline to 2030 showing reduction in early-stage projects and a 25% decline in expected capacity

The global hydrogen market is showing signs of consolidation, as early-stage projects face delays, cancellations and growing execution challenges. While low-emissions hydrogen production could reach around 4 Mt by 2030 from projects already under construction or at final investment decision, a significant share of the pipeline remains uncertain. Regulatory barriers, weak offtake demand and economic constraints continue to slow progress, […]

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