Project developers are not rushing into final decisions
No quick path to FID for Europe’s green hydrogen projects
Multiple proposals but few final investment decisions amid policy uncertainty and other risks, conference speakers say
FIDs on European green hydrogen projects remain elusive as developers and their backers monitor shifting policy frameworks, while sites and grid connections for electrolysers can be difficult to secure, according to speakers at the FT Hydrogen Summit. Developers have tabled multiple project proposals, but the industry needs first-movers to commit to FIDs to give the sector momentum and ensure a smooth ramp-up of production. Smaller projects can lead the way, and the industry should not wait for mega-projects under development by players such as the oil majors, which work to longer investment horizons, speakers say. “We need FIDs in this space,” says Jane Toogood, sector CEO at technology com
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