PUBLISHER: GlobalData | PRODUCT CODE: 1369416
PUBLISHER: GlobalData | PRODUCT CODE: 1369416
Interest in the hydrogen sector as a way to accelerate the energy transition is growing rapidly and the low-carbon hydrogen project pipeline now represents over 189 mpta of potential capacity. 92% of this capacity comes from green hydrogen projects, though the majority is still in feasibility stage. The announcement of new deals and policies in the hydrogen sector also continues at pace as companies and governments look to capture value in this growing sector across the value chain. There is a need to accelerate transition strategies across sectors and geographies to achieve climate global goals, and hydrogen development is expected to have a major part to play in the energy sector to facilitate achievement of these targets.