Low-emission hydrogen project approvals double, but demand and cost uncertainties weigh

A new International Energy Agency (IEA) report shows that the number of low-emission hydrogen projects to have advanced to a final investment decision (FID) stage doubled over the last 12 months, representing yearly production of 3.4-million tonnes. These FIDs are split between green-hydrogen electrolysis projects, with a combined yearly capacity of 1.9-million tonnes, and fossil-fuel hydrogen with carbon capture, utilisation and storage, with a combined capacity of 1.5-million tonnes.