Capital spending on hydrogen electrolyser projects has risen in the past year
Russian invasion has boosted hydrogen sector – IEA
Capital spending on electrolyser projects has tripled to $1.5bn compared with 2020, says IEA’s World Energy Outlook
Russia’s invasion of Ukraine has added momentum to the global low‐emission hydrogen sector, according to the IEA’s World Energy Outlook. Capital spending in 2021 on hydrogen electrolyser projects starting operation or under construction was c.$1.5bn, more than three times as much as in 2020, the report says. And investors allocated $700mn in early-stage venture capital to startups developing hydrogen technologies in 2021, nearly five times the amount invested in 2020. The 33 pure-play hydrogen companies tracked by the IEA have increased their capitalisation by around $20bn since mid‐2020. $20bn – Increase in capitalisation of 33 pure-play hydrogen firms tracked by IEA “This increase
Also in this section
11 April 2025
Tariffs and other protectionist measures raise questions about China’s plans to export green fuels and electrolysers, despite its huge cost advantages
11 April 2025
German firm reserves site for three-phase project as developers flock to Europe’s latest green hydrogen hotspot
8 April 2025
Gulf Energy to provide AIQ with exclusive access to its proprietary datasets and industry-leading documents. ENERGYai is already trained on petabytes of operational data from ADNOC, and this agreement will provide the solution with access to even greater quantities of relevant, high-quality industry information
7 April 2025
SAF provides a viable offtake solution for hydrogen producers and benefits from regulatory mandates and strong political support, ensuring long-term demand at higher prices
