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Related Articles
Namibia eyes diversifying energy mix as oil stalls
TotalEnergies’ delayed FID for its Venus project will likely set back first oil, but Windhoek has other irons in the fire
A disorderly transition
Last year was one of records for renewables but also for oil, gas and coal, as the energy transition progresses in an increasingly uneven way, according to the Energy Institute’s latest annual report
Klaipeda advances ‘unique’ port project
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Oman sees green opportunities amid global trade war
The country’s green hydrogen sector can gain traction even as the global trade war rages and other headwinds hamper the sector, Mohsen al-Hadhrami, undersecretary of energy and minerals, tells Hydrogen Economist
Europe should partner with China in clean hydrogen race
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Egyptian green hydrogen in holding position
Investors remain committed to development but are waiting on greater international market certainty
India bullish on green hydrogen potential
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Spain tightens grip on EHB green subsidies
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Developers Renewables
Stuart Penson
27 November 2024
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Letter from London: Hydrogen’s growing pains

The clean hydrogen sector has endured a difficult year, but it will end 2024 better equipped to fulfil its long-term potential

Will the clean hydrogen sector end this year in better shape than 12 months ago? On the face of it, recent evidence points to a resounding ‘no’, given project cancellations, plunging stock prices, very limited progress in reaching FID and widespread reluctance to commit to long-term offtake deals. UK company Johnson Matthey added to the gloom in late November when it reported a 46% year-on-year drop in first-half sales of hydrogen technologies, citing the “the slowing buildout of supply chains and infrastructure due to a lack of clarity around regulation and incentives.” It has reduced capex and headcount in its hydrogen business, and delayed the startup of an £80m ($101m) fuel-cell componen

Also in this section
Namibia eyes diversifying energy mix as oil stalls
27 June 2025
TotalEnergies’ delayed FID for its Venus project will likely set back first oil, but Windhoek has other irons in the fire
A disorderly transition
26 June 2025
Last year was one of records for renewables but also for oil, gas and coal, as the energy transition progresses in an increasingly uneven way, according to the Energy Institute’s latest annual report
Letter from London: Hydrogen’s souffle moment
25 June 2025
One of the sector’s harshest critics calls for a change of course, but the industry insists it is on an upward trajectory
Klaipeda advances ‘unique’ port project
25 June 2025
Lithuanian port is first in Baltic region to install electrolyser to supply green hydrogen to maritime and road transport users

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