Article

In its latest Global Hydrogen Review, the International Energy Agency revealed a notable decrease in the pipeline for low carbon hydrogen projects, dropping from 49 million tons per annum (mmtpa) to 37 mmtpa for 2030. This marks the first year-over-year decline for the IEA's estimates, largely attributed to the cancellation or shelving of several U.S. projects.

The reduction is primarily due to a drop in green hydrogen initiatives, which account for over 80% of the decrease, while blue hydrogen projects contributed the remainder. Most projects remain in early development stages, with many deemed uncertain or low potential.