State help needed for unbankable hydrogen projects
Governments must step in to help projects progress to stage where banks will provide support, financiers tell World Hydrogen Summit
The clean hydrogen sector needs government support to help it through the early stages of development as banks will remain reluctant to finance projects until they start generating cashflow, financiers say. “A lot of projects are being worked on, but very little financing is available from the banking industry today because hydrogen is not really bankable,” Max Gottschalk, managing partner at London-based investor Hycap, told the World Hydrogen Summit in Rotterdam. “The government will play a very critical role in the initial phase of the development of the hydrogen market, providing some financing to projects that cannot get financing from banks.” Hycap is strongly focused on investing in t
Also in this section
17 May 2024
Company’s Positive Motion strategy to be at forefront of the EU’s green hydrogen, e-fuel derivatives and biofuels drive to decarbonise and solve energy trilemma
15 May 2024
Huge turnout for Rotterdam trade show masks worrying lack of progress for nascent industry confronting the harsh realities of transition
8 May 2024
Commission modelling of emission reduction pathway implies undershoot of current hydrogen production and imports targets, according to speakers at a recent Hydrogen Europe event
8 May 2024
Hydrogen cars may not have much credibility, but the same could have been said about EVs not too long ago