Global Hydrogen Projects Surge: Australia Leads Q4 2024 Expansion Wave

Sydney, Monday, 18 November 2024.
A significant shift in global hydrogen development is unfolding with 12 new plants announced across nine countries in Q4 2024. The projects represent a combined capacity of 175 million tonnes annually, with Australia securing the largest single project. While North America leads in total hydrogen capacity, Europe dominates in post-feasibility projects, signaling a strategic realignment in the global hydrogen landscape. Despite a typical year-end slowdown in project announcements, the sector maintains robust growth with 79% of projects in feasibility stage, indicating strong future development potential.