Global Key Data from the Hydrogen Sector
The Hydrogen Council's latest report highlights that the global clean hydrogen project pipeline is growing and maturing, with a seven-fold increase in committed capital for projects reaching final investment decisions over the past four years.
Hydrogen Insights is the Hydrogen Council's regularly published perspective on the development of hydrogen production. It summarises the current state of the global hydrogen sector and the actual deployment of hydrogen.
The report was produced by the Hydrogen Council in collaboration with McKinsey & Company and is based on a combination of public data and the Hydrogen Council members' own data. The Hydrogen Council's latest analysis covers more than 1 500 projects worldwide.
The Hydrogen Insights 2024 report, published in September, finds that the global pipeline of projects has grown sevenfold since 2020, from 228 to 1,572 projects by May 2024. The latest data from October 2023 to May 2024 show a clear shift from project planning to implementation.
Total reported investment up to 2030 will have increased by around 20% - from $570 billion to $680 billion. The most significant increase to date has occurred in the more advanced stages of project development: post-FID investment has increased by a substantial 90%, followed by a 30% increase in FEED (front-end engineering design) projects.
The Hydrogen Council is a global initiative led by CEOs with a unified vision and long-term goals to accelerate the transition from hydrogen to clean energy. It brings together a diverse group of 140 companies from 20 countries in the Americas, Europe, Africa, the Middle East and Asia Pacific.