Key highlights of the report “Hydrogen handbook 2025” by HydrogenOne Capital LLP are:
• Post-COVID optimism for energy transition has been buffeted by supply chain shortages, inflation, high interest rates, and the Russia-Ukraine war
• Renewables investors unsettled by the sharp reversal of energy transition strategy in the USA, and the delays in policy implementation in Europe and the UK.
• UK oil companies have reverted to oil & gas activities. Yet Big Oil is investing in blue and green hydrogen, adjacent to its refinery and CCS footprint, for internal consumption.
• A ‘chicken-egg’ has developed where hydrogen off-takers are slow to sign the long-term offtake agreements that are needed for bankable finance, until country level regulations and GHG penalties are in place
• Nevertheless, the sector is gathering pace
Access the report here
