Europe’s GH2 project pipeline (for 2030) has witnessed a massive 160% growth in the last 3 years – 22 GW in 2021 to 58 GW in 2024, as per IEA’s Global Hydrogen Review (GHR) 2024. Though the number seems really encouraging, however, this is just one side of the coin.

A deep dive into numbers reveals that out of the total 58 GW – only 4% of the projects have achieved FID by 2024. Evalueserve analysis highlighted that b/w Jan-Oct’24 alone over 1.6 MMTPA of GH2 volume have been impacted/delayed.

Several projects are getting delayed or shelved in Europe with other geographies like China, India, the US, and the Middle East, looking to gain a competitive advantage out of it. The white paper delves into the reasons for delay, impact on global Hydrogen markets, competitive actions by global peers to gain advantage, and potential way around for Europe.