The global total active and pipeline capacity of low-carbon hydrogen currently stands at over 204mpta, with 15 new hydrogen projects announced in Q1 2024 adding over 350ktpa of capacity.
To date, the total active and pipeline capacity of low carbon hydrogen reaches just under 204mtpa, of which 92% and 8% comes from green and blue plants, respectively, and just 0.08% from purple and turquoise combined.
Over 171 mtpa comes from feasibility stage projects (those that are announced or in feasibility studies). Of these feasibility projects, almost 95% are green and 5% are blue.
Post-feasibility projects (projects within the FEED, approval, construction, and commissioning stages) add another 31mtpa to the total capacity.
The pipeline of upcoming green projects represents 1,374 GW of electrolyzer capacity, while upcoming blue projects would incorporate over 106 millions tonnes of CCS capacity.
In Q1 2024, 7 countries announced new low carbon hydrogen plants, with 3 countries also indicating the capacity of the projects. India was the chief contributor to announced capacity, adding 320ktpa across the quarter. As a result, India now ranks fifth globally in terms of active and upcoming capacity.
This quarter announced capacity showed a strong increase from the previous quarter, where 141ktpa of capacity was announced. However, project announcements have still significantly slowed when compared to Q1 2023, where 3.9mtpa of capacity was announced.
To date, the total active and pipeline capacity of low carbon hydrogen reaches just under 204mtpa, of which 92% and 8% comes from green and blue plants, respectively, and just 0.08% from purple and turquoise combined.
Over 171 mtpa comes from feasibility stage projects (those that are announced or in feasibility studies). Of these feasibility projects, almost 95% are green and 5% are blue.
Post-feasibility projects (projects within the FEED, approval, construction, and commissioning stages) add another 31mtpa to the total capacity.
The pipeline of upcoming green projects represents 1,374 GW of electrolyzer capacity, while upcoming blue projects would incorporate over 106 millions tonnes of CCS capacity.
In Q1 2024, 7 countries announced new low carbon hydrogen plants, with 3 countries also indicating the capacity of the projects. India was the chief contributor to announced capacity, adding 320ktpa across the quarter. As a result, India now ranks fifth globally in terms of active and upcoming capacity.
This quarter announced capacity showed a strong increase from the previous quarter, where 141ktpa of capacity was announced. However, project announcements have still significantly slowed when compared to Q1 2023, where 3.9mtpa of capacity was announced.
Scope
- Hydrogen quarterly changes, Q1 2024.
- Total upcoming capacity and 2030 market size scenarios, highlighting recently announced projects by capacity, countries and regions.
- Trends over deals, partnerships, and M&A .
- Global policy support and financial incentives.
Reasons to Buy
- Identify the last market trends by quarter and key players in hydrogen technologies.
- Develop market insight concerning current, in development and announced capacity and latest trends of the sector.
- Understand the different scenarios for 2030 based on the likeliness of the projects.
- Gain an understanding of how and where the market is growing as hydrogen rapidly scales, becoming a key topic on the international agenda.
Table of Contents
- Overview
- Quarterly snapshot
- Low Carbon Hydrogen Capacity Outlook
- Active & upcoming capacity
- Major upcoming projects
- Production capacity and market size scenarios to 2030
- Key developments
- Top participant companies
- Major announcements and project updates
- Deals & Contracts
- M&A
- Venture finance
- Metrics & Policy Support
- Hydrogen index metrics
- Social media tracking
- International policy
- Major upcoming low-carbon hydrogen projects
- Main M&A deals based on value - Q1 2024
- Main Venture Finance deals based on value - Q1 2024
- Key takeaways from this quarter
- Active and announced low-carbon hydrogen capacity
- Regional breakdown of upcoming capacity
- Top 10 upcoming low-carbon hydrogen plants map
- Capacity scenarios to 2030
- Countries with highest cumulative upcoming capacity
- Companies’ net capacity share
- Hydrogen deals trends
- M&A deal by type, Q1 2022 - Q1 2024
- M&A deal value Q1 2022 - Q1 2024
- Quarterly venture finance, Q1 2022 - Q1 2024
- Funding by region index
- Theme mention in company filings index
- First time funded companies and total funded companies
- Energy transition social media posts in Q1 2024
- Social media posts linking companies and hydrogen, Q1 2022 - Q1 2024
- Total hydrogen posts by country, Q1 2022 - Q1 2024
- Social media posts by sector and country, Q1 2022 - Q1 2024
- National Hydrogen Strategies, Plans, and Roadmaps
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Green Hydrogen International
- Adani Enterprises Ltd
- GreenGo Energy Group A/S
- CWP Global
- Future Industries Pty Ltd
- Jearrard Energy Resources Ltd
- BP Plc
- TotalEnergies SE
- Shell plc
- Intercontinental Energy Corp
- Air Products and Chemicals Inc
- Eren Groupe SA
- Solatio Energia
- Copenhagen Infrastructure Partners KS
- Inpex Corp
- Mining Green Energy Ltd
- Mitsubishi HC Capital Inc
- European Energy AS
- Hyundai Motor Co
- FDE AS
- Greenstat AS
- Scottish Enterprise
- Lanxing New Energy
- Logan Energy Ltd
- Honda Motor Co Ltd
- Emerald Technology Ventures AG
- Samsung Venture Investment Co
- MPC Munchmeyer Petersen Capital AG
- High-¬Tech Grunderfonds GmbH
- Swen Capital Partners SA
- GM Venture Capital
- Barclays Sustainable Impact Capital
- UK Infrastructure Bank
- Siemens Energy Ventures
- GL Ventures LLC
- Sunfire GmbH
- INERATEC GmbH
- GeoPura Ltd
- Beijing Mingyang Hydrogen Technology Co Ltd
- Toyota Motor Corp
- Tesla Inc
- First Hydrogen Corp
- Bayerische Motoren Werke AG
- Airbus SE
- Space Exploration Technologies Corp
- Nikola Motor Company
- Alphabet Inc
