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City A.M. : Europe leads hydrogen race, with UK and US scrambling to catch up
MONDAY 23 OCTOBER 2023 6:00 AM
Europe leads hydrogen race, with UK and US scrambling to catch up
NICHOLAS EARL
Europe will be the runaway leader for green hydrogen projects over the next five years, with the UK and US still playing catch-up, new research from Pillsbury suggests.
The international law firm’s latest report, exclusively shared with City A.M., suggests the UK will struggle to gain ground on the continent.
Meanwhile the vast subsidies on offer in the US’s Inflation Reduction Act (IRA) will stimulate production of new projects but the report suggests the US will still take some time to catch up with Europe’s established advantage.
Europe, not including the UK, will be home to 53 of the 108 upcoming new green and low carbon hydrogen projects between 2023 and 2028, Pillsbury estimates, equating to 48GW of power.
…
Europe will be the runaway leader for green hydrogen projects over the next five years, with the UK and US still playing catch-up, new research from Pillsbury suggests.
The international law firm’s latest report, exclusively shared with City A.M., suggests the UK will struggle to gain ground on the continent.
Meanwhile the vast subsidies on offer in the US’s Inflation Reduction Act (IRA) will stimulate production of new projects but the report suggests the US will still take some time to catch up with Europe’s established advantage.
Europe, not including the UK, will be home to 53 of the 108 upcoming new green and low carbon hydrogen projects between 2023 and 2028, Pillsbury estimates, equating to 48GW of power.
…