- The global pipeline for hydrogen electrolysis projects has grown by 55.2 GW in the past six months.
- Aurora expects 50 per cent of Europe’s total hydrogen production capacity to be made using electrolysers.
According to Aurora Energy Research, a UK-headquartered analyst, the global pipeline for hydrogen electrolysis projects has grown by 55.2GW in the past six months, reaching approximately 1,200GW.
A “large proportion, if not all, will be powered by renewable sources”, research lead Dilara Caglayan tells Hydrogen Insight.
The analyst states that there are currently 1.92GW of operational electrolysis projects worldwide, with about 15GW at an “advanced development stage.” Aurora expects to be online “in the coming years.”
However, 90 per cent of announced projects—more than 1,000GW—are still in the early stage of development, which Caglayan describes as those “with a lot of ambiguity like no location, capacity, timeline specification or similar aspects.”
Aurora expects 50 per cent of Europe’s total hydrogen production capacity to be made using electrolysers by 2030, growing to 80 per cent by 2040.
But Aurora points out that the EU is only set to install 35GW of electrolyser capacity by 2030 and that the bloc’s target to produce ten million tonnes of green hydrogen within the bloc in 2030 would require about 150GW of electrolysers. So, Aurora says, the EU is expected to miss its target by about 76 per cent.
The analyst explains, “This shortfall is due to high electrolyser capex, rising cost of capital, and uncertainty in offtake agreements, which are delaying project investment decisions.”
Nevertheless, Europe is the global leader for announced projects, with 32 per cent of the total capacity, followed by Oceania (mainly Australia) in second place with 21 per cent.
Germany leads electrolyser project development in Europe, with about 9GW “in advanced stages”, followed by the Netherlands and the UK.