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The EU has over 1.4k hydrogen projects planned but most are still in the concept or feasibility study phase with only 7% having reached final investment decisions, The Financial Times reports. The bloc expects there to be 40 GW of electrolyser capacity on the continent by 2030, but the world only has 1 GW available currently.
What would it take? More government support is needed for infrastructure such as gas-carrying pipelines, electrolyzer transmission lines, and electron management equipment, Chief Executive of Fortescue Hydrogen Systems Cameron Smith tells the FT. New technology is also necessary to manage the fluctuations of energy better than the commonly used alkaline water electrolyzers, he added. Another obstacle is that pricing cannot be understood for a not-yet-existing market.
