The nascent green hydrogen industry — despite current investor gloom — will have a bright future in the global clean energy transition once birthing challenges are overcome, developers argue. Initial investor exuberance over green hydrogen has been punctured by a dearth of global final investment decisions (FIDs) over the past 18 months. This has been caused by a combination of eye-wateringly high development costs and a lack of policy clarity. “Overly ambitious [early] expectations” meant a reset in investor sentiment was probably inevitable, says Alex Hewitt, CEO of developer CWP Global. Nevertheless, optimal projects — structured and planned well in terms of resources, scale and phasing — will progress and succeed, he told Energy Intelligence on the sidelines of a recent event in Rotterdam.
