Project costs have risen
Green project pipeline growth slows – Topsoe
Danish electrolyser manufacturer also raises concerns over renewable power access as it gears up for push into US market
Cost pressures have slowed the growth of the green hydrogen project pipeline “significantly” in the past four months but demand for electrolysers continues to outstrip supply, according to Danish electrolyser manufacturer Topsoe. Increases in the cost of capital because of higher interest rates, as well as higher energy and construction costs, have combined to slow growth, Kim Hedegaard, Topsoe’s CEO of power-to-X, told Hydrogen Economist. “It is basically all the cost components that have gone up, and that puts additional pressure on the project developers,” he said. Despite the slowdown, the project pipeline remains “extremely large”. “Demand is still significantly larger than the supply s
Also in this section
25 February 2026
Low-carbon hydrogen and ammonia development is advancing much more slowly and unevenly than once expected, with high costs and policy uncertainty thinning investment. Meanwhile, surging energy demand is reinforcing the role of natural gas and LNG as the backbone of the global energy system, panellists at LNG2026 said
18 February 2026
Norwegian energy company has dropped a major hydrogen project and paused its CCS expansion plans as demand fails to materialise
4 February 2026
Europe’s largest electrolyser manufacturers are losing patience with policymakers as sluggish growth in the green hydrogen sector undermines their decision to expand production capacity
2 February 2026
As a fertiliser feedstock, it is indispensable, but ammonia’s potential as a carbon-free energy carrier is also making it central to global decarbonisation strategies
