Investment in hydrogen is growing
Hydrogen sector investments continue – IEA
A number of early-stage hydrogen technology companies all had successful fundraising rounds in recent months
Investment in the hydrogen sector remained strong in 2020 despite the effects of the pandemic, according to the IEA World Energy Investment report. Spending in the four areas of project planning, project completion, equipment manufacturing and equity purchases were all at record levels in 2020, the IEA report says. And spending on low-carbon fuels is expected to rise from $8bn globally to $14bn in 2021, the IEA says. Electrolysers coming online in 2020 alone represent nearly $70mn. And in 2021 the expected capacity of electrolyses to be commissioned will be 275MW, up from 60 MW in 2020. $80bn – Mature investment flows to hydrogen sector expected before 2030 “Project completions in th
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