Project developers are not rushing into final decisions
No quick path to FID for Europe’s green hydrogen projects
Multiple proposals but few final investment decisions amid policy uncertainty and other risks, conference speakers say
FIDs on European green hydrogen projects remain elusive as developers and their backers monitor shifting policy frameworks, while sites and grid connections for electrolysers can be difficult to secure, according to speakers at the FT Hydrogen Summit. Developers have tabled multiple project proposals, but the industry needs first-movers to commit to FIDs to give the sector momentum and ensure a smooth ramp-up of production. Smaller projects can lead the way, and the industry should not wait for mega-projects under development by players such as the oil majors, which work to longer investment horizons, speakers say. “We need FIDs in this space,” says Jane Toogood, sector CEO at technology com
Also in this section
30 November 2023
Production of green hydrogen and fuels from rapidly expanding renewable power sector becoming increasingly important to country’s energy strategy
29 November 2023
Centrica and Mitsubishi agree to explore development of facility at Bord Gais Energy site in Cork
28 November 2023
Clean hydrogen will be one of the next decade’s biggest energy transition growth areas. To meet our net-zero goals, we must prioritise efficiency
24 November 2023
Projects can now bid for the first tranche of funding from the EHB
