Europe to Witness Increase in Size of Hydrogen Projects by 2025
Key Ideas
  • Europe is expected to have a similar number of hydrogen projects reaching Financial Investment Decision (FID) in 2025 as in 2024.
  • The projects set for 2025 are anticipated to be on a larger scale compared to the previous year.
  • The H2Global mechanism's second auction has been officially notified under EU State Aid rules.
  • Topsoe has selected New Energy Risk (NER) as the preferred insurance partner for its Solid Oxide Electrolyzer Cell (SOEC) hydrogen project.
The hydrogen market in Europe is showing promising signs for the year 2025, with an expected increase in the size of projects set to reach the Financial Investment Decision (FID) stage. Despite having a similar number of projects as in the previous year, the projects slated for 2025 are projected to be larger in scale, indicating a positive trend in hydrogen investment. Additionally, the H2Global mechanism's upcoming second auction has received official notification under EU State Aid rules, suggesting a supportive regulatory environment for hydrogen initiatives. Furthermore, Topsoe, a key player in the hydrogen sector, has announced the selection of New Energy Risk (NER) as its preferred insurance partner for the Solid Oxide Electrolyzer Cell (SOEC) hydrogen project, highlighting the continued advancements in hydrogen technologies and partnerships. These developments reflect a growing momentum and optimism surrounding hydrogen in Europe, paving the way for sustainable energy solutions and investments in the region.
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