Hydrogen investment case solidifies

During 2020 hydrogen projects have moved from the fringes of the energy transition discussion to a mainstream target for both companies and investors

he most abundant element in the universe is set to become much more plentiful in the global energy system. US fuel cell manufacturer and green hydrogen producer Plug Power raised $1bn in November to build a network of hydrogen production facilities across its ­domestic market to power carbon-free fuel-cell vehicles, factories and more. In Europe, the national leaders of France, Spain, and Germany have pledged ­billions of euros to transition their ­respective industrial centres to clean-­burning hydrogen. Hydrogen fuel cells have long been the unconventional clean-energy alternative to traditional batteries and renewables such as wind and solar. But this year hydrogen has become perhaps the