State funding pledges for hydrogen rise sharply – BNEF

Cash exceeds $100bn through 2030 and demand for clean hydrogen is expected to skyrocket this year, research firm says

Government funding pledged to the hydrogen sector has risen by 40pc globally since July last year and now stands at two-thirds of the level needed to allow the clean fuel to play a strong role in decarbonising economies, says research firm BloombergNEF (BNEF). Funding pledges exceed $100bn through 2030—or $16bn/yr—and are potentially on track by the end of this year to hit the $150bn level identified by BNEF as required to support the scale-up of clean hydrogen. “I would not be surprised if, by the end of this year, $150bn has been promised,” Martin Tengler, lead hydrogen analyst at BNEF, tells Hydrogen Economist. The US offers the most funding of any country thanks to the passage of its Inf