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Policy Markets Finance
Stuart Penson
2 January 2025
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Letter on hydrogen: Five factors to watch in 2025

From politics to power and pipelines, the year ahead looks challenging for the emerging clean hydrogen sector

The hydrogen industry will look back on 2024 as a disappointing year in terms of its growth, with production projects and pipelines delayed or cancelled. However, the number of projects achieving FID is rising, and 2025 is expected to see the industry regain momentum in some, if not all, regions. Here, Hydrogen Economist highlights some of the factors likely to shape the industry in 2025. US market The development of green and low-carbon hydrogen in the US stands at a crossroads as the industry awaits the incoming Trump administration. Blue hydrogen, which already has greater traction in the US market than green, looks better placed to continue to grow under the next administration ing 2025.

Also in this section
US confirms early sunset for hydrogen tax credits
4 July 2025
Race is on to meet end-2027 deadline for 45V as Congress passes One Big Beautiful Bill Act
EU under fire over blue hydrogen definition
1 July 2025
Gas industry and EU politicians pile pressure on European Commission to provide more regulatory certainty on emissions calculations
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

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