How hot is hydrogen energy 3 trillion investment on the road!

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In just five months, the cumulative global investment in hydrogen energy jumped from US $300 billion to US $500 billion !

In July 2021, the hydrogen insights updates released by the international hydrogen Council and McKinsey said that with the acceleration of climate change, as a key pillar of energy transformation, hydrogen energy investment is accelerating.

According to the report, since February 2021, 131 new large-scale hydrogen energy projects have been announced worldwide, with a total of 359 projects. By 2030, the total investment in hydrogen energy projects and the whole value chain is estimated to be $500 billion.

About US $150 billion, or 30% of the total investment, is used for mature hydrogen energy projects. Mature projects are defined as projects that have reached the planning status, have passed the final investment decision, or are associated with projects currently entrusted, under construction or in operation. With these investments, the low hydrocarbon production capacity will exceed 10 million tons / year by 2030, an increase of more than 60% over the project level reported in February. Among them, 70% of the production capacity will come from renewable energy, and the other 30% will come from low hydrocarbons from fossil fuels and carbon capture and storage (CCS).

More than 30 countries have developed specific hydrogen strategies and allocated US $76 billion in government funds. Europe remains the center of hydrogen energy development, accounting for more than 50% of announced projects, with an estimated investment of US $130 billion. China is becoming an "engine" of hydrogen energy, which is expected to account for 10% of energy by 2050.

In addition, investment growth in all other regions exceeded 75 per cent. Hydrogen energy trade flows between supply and demand centers also began to appear.

On February 17 this year, the hydrogen insights 2021 report released by the international Hydrogen Energy Council and McKinsey company said that more than 30 countries have formulated national hydrogen energy strategies, and more than 200 large-scale projects have been announced around the world, with a total value of more than 300 billion US dollars.