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New Hydrogen Projects Achieve Record Numbers Globally with even Greater Urgency for Final Investment Decisions to Attain Net Zero

  • Hydrogen Council releases its state of the industry report, Hydrogen Insights 2022, on the hydrogen imperative for the global energy transition
  • 680 large-scale projects announced globally reflecting investments of US$ 240 billion until 2030, an increase of 50% since November 2021
  • US$22 billion, or 10% of proposed investments, have reached FID, are under construction, or are already operational
  • Real deployment of hydrogen is growing (e.g. 80% increase in installed electrolyzers), and must continue to scale
  • Investment proposals must triple to US$700 billion until 2030 in order to achieve the global 2050 net zero target
  • Both policymakers and industry need to step up to deliver on hydrogen net-zero
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