Green hydrogen investment bounces back

Project announcements ramp-up in 2021 following a lean period during 2020, says Wood Mackenzie

More than $4.5bn was invested in the hydrogen sector in the first quarter of 2021, with 55 projects announced, according to research by consultancy Wood Mackenzie. Australia’s Enegix Energy announced during the quarter that it was investing in a green hydrogen project with the state government of Ceara in Brazil, due to produce 600mn kg/yr of green hydrogen from 2025. This has boosted current announced electrolyser capacity to 6.3GW, with 1.3 GW added in the first quarter of 2021 alone. “The capital markets absolutely understand green hydrogen now” Cooley, ITM Power Global announced electrolyser capacity was just 200MW until 2019, showing the rapid scale-up in the technology as count