Since 2019, against a backdrop of Covid-19 and a Climate Emergency, we have seen a huge increase in the number energy transition projects. One of the sectors at the forefront is the hydrogen industry which has seen over 250 commercial scale projects announced during the past two years that could lead to capital investment of over $280 billion globally through to 2030. The number of projects and capital investment is only set to grow in the coming years.

Europe is taking lead as one of the top hydrogen markets with over 150 projects in the pipeline, most of which are currently in the feasibility stage and have start up dates for the mid-2020s. This keeps in line with the EU’s Hydrogen Act which plans for a ramp up of hydrogen projects between 2025 and 2035, ready for huge market growth from 20235 to 2050 onwards.

Germany is at the forefront of the European hydrogen revolution with a goal of 5GW by 2030 and the Renewable Energies Sources Act, which contains provisions to support the production and industrial usage of green hydrogen?. Germany has 62 large-scale hydrogen projects to be state funded as part of a joint European hydrogen project (IPCEI)?, which has €8 billion earmarked for German IPCEI projects alone?.