‘2022 could be green hydrogen tipping point’

European demand for green hydrogen is predicted to rise from around 9,900 tonnes to 620,000 tonnes a year in 2026

Big Zero Report 2022

Green hydrogen could be seen this year as a viable business case.

That’s one of the findings of a report by research and consulting company Delta-EE which estimates more than 2GW of green hydrogen production capacity is expected to come online by 2023.

However, the research found that only 37% of these projects, an estimated 794MW of capacity, have reached a final investment decision or been awarded public investment in Europe and the UK.

Researchers said many of these projects depend on legislative processes and government incentives.

The report also predicts total green hydrogen demand within Europe will rise from around 9,200 tonnes per year in 2021 to 600,000 in 2026.

Dr. Robert Bloom, service manager for Delta-EE’s Global Hydrogen Intelligence Service, said: “Long-term incentives and long-term policy will allow derisking of projects.

“This will give developers confidence that project finances are viable and customers can be provided with a cost-effective solution leading to the green lighting of a number of the planned projects in the UK and Europe.”

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