The green hydrogen project pipeline more than doubled in five months. As of March 2020, almost 8.2 GW of electrolyzer capacity is now in the proposed pipeline for new projects. The outlook for hydrogen is getting more and more attractive. Larger integrated energy, industrial and financial players are advancing innovative new projects, with the tailwind of “net-zero” carbon policy at their back. Some of the newer projects span multiple segments and are integrated across various sectors of the economy. Average project size continues to grow too.
In this insight, available to subscribers of Wood Mackenzie's Energy Transition Service, we have updated our green hydrogen project pipeline and describe the impetus behind this explosive growth.
Clients can access the report here.
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