Project delays grow amid policy uncertainty

Greater regulatory clarity and support for demand will be critical for tackling project delays over next two years, say Hydrogen Council and McKinsey

Delays to the rollout of clean hydrogen projects have worsened over the past 12 months, and the industry needs a significant “investment jump” to fulfil its potential role in meeting climate commitments, according to joint analysis by lobby group the Hydrogen Council and management consultants McKinsey. To accelerate the global energy system decarbonisation, an eightfold increase of investment in hydrogen is required until 2030, compared with the current commitment of $75b to projects that have achieved FID, they said in a joint report titled Hydrogen Insights 2024. This is despite an “extraordinary sevenfold increase” in hydrogen projects reaching FID globally over the past four years, the