Europe Moves Forward with Major Hydrogen Projects
The net-zero carbon hydrogen industry is moving forward from pilot-scale projects of 10-20 MW of electrolysis capacity to large-scale projects of 100-200 MW and larger.
While the discrepancy between the number of announced projects and those reaching financial close remains large, some of the more credible projects are getting financed and starting construction.
Now investors and financiers are searching worldwide for optimal arrangements, locations offering the possibility of large-scale clean power production with high load factors, combined with strong public support to offset cost.
Their most advanced projects are currently in Europe, where large-scale schemes are moving forward under clear EU directives and regulatory regimes.
Meanwhile they are looking elsewhere, closely watching where the right combination of advantages will appear as they anticipate Europe’s inevitable need to import carbon-free hydrogen to meet its ambitious clean energy objectives. Australia, the Americas, and the Middle East and Africa (MEA) are all in their sights.
“It’s not just about geography, it’s a matrix between the geography and a certain vertical within the hydrogen value chain.
