Global clean Hydrogen Projects are expected to cross $300B by 2030

Energy Markets Feed

According to a new report by the Hydrogen Council, the release of national hydrogen strategies by over 30 countries has led to a rapid increase in the volume of investment in hydrogen projects worldwide.

The report, developed in collaboration with McKinsey & Company and entitled “Hydrogen Insights 2021: A Perspective on Hydrogen Investment, Deployment and Cost Competitiveness”, estimates the total investment in hydrogen projects will surpass $300 billion by 2030, including US$80 billion in mature projects.

The report finds that hydrogen “Can become the most competitive low-carbon solution in more than 20 applications by 2030, including long-haul trucking, shipping and steel.”