'Only 17% of Europe’s clean hydrogen projects will materialise by 2030 under current policies': analyst
But it could reach 70% if policymakers act to address high costs and weak demand, says Westwood
Less than a fifth of the EU’s clean hydrogen projects can be expected to materialise by 2030 under the region’s current policy landscape, according to new data from UK-based research house Westwood Global Energy Group today (Tuesday).
The firm lists just 17% of capacity as “probable” (ie, more than 75% likely) to reach commercial operation by this date, the equivalent to around 12GW (measured as lower heating value, or LHV), on the back of regulatory uncertainty, high costs and weak demand.
This is significantly lower than the 40GW of electrolyser capacity targeted by the EU to deliver its aim of producing 10 million tonnes per year by the end of the decade — despite government funding commitments of €39.9bn in the last quarter of 2024 alone.
