Hydrogen targets under threat as FIDs lag
Next three years will be critical to industry’s ability to scale up to 2030 capacity targets, say speakers at Gastech
New low-carbon hydrogen project announcements have accelerated sharply over the last 12 months but FIDs remain elusive, threatening the sector’s ability to meet government-led 2030 production capacity targets, according to speakers at the Gastech conference in Milan in early September. The number of new projects unveiled by developers in the last 12 months has risen by 50pc, with Latin America showing the largest increase, Markus Wilthaner, partner and co-leader of global hydrogen at consultancy McKinsey, told the Gastech conference in Milan. But FIDs on projects rose by only 10pc over the same period, he said. McKinsey has identified 680 large-scale projects at the proposal stage, projectin
Also in this section
28 March 2024
Investment landscape is firming up in North African country with potential to become one of the world’s major exporters
22 March 2024
German energy firm and Canada-based Pattern Energy aim to ship green ammonia to Hamburg in latest move to secure imports to Europe’s largest economy
22 March 2024
French company prepares for commercial launch of underground storage system to be deployed at green hydrogen production and consumption sites
21 March 2024
Region has competitive edge in low-carbon hydrogen, but infrastructure and export challenges are key roadblocks to overcome