How popular is hydrogen energy? 3 trillion in investments on the way!

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In just 5 months, global investment in hydrogen energy rose from $300 billion to $500 billion (approximately 3.2 trillion yuan)! Recently, a report titled “Hydrogen Insights Updates” released by the Hydrogen Council and McKinsey & Company stated that as efforts to combat climate change accelerate, investments in hydrogen energy—a key pillar of the energy transition—are also on the rise. The report states that since February 2021, 131 new large-scale hydrogen projects have been announced globally, bringing the total number to 359 projects. By 2030, the total investment in hydrogen projects and the entire value chain is estimated to be $500 billion. Approximately 150 billion dollars, or 30% of the total investment, is allocated to mature hydrogen energy projects. Mature projects are defined as those that have reached the planning stage, have received a final investment decision, or are associated with currently commissioned, under construction, or operational projects. With these investments, low-carbon hydrogen production capacity will exceed 10 million tons per year by 2030, representing a growth of over 60% compared to the levels outlined in the report from February. Of this, 70% of the production capacity will come from renewable energy, while the remaining 30% will come from low-carbon hydrocarbons produced from fossil fuels and carbon capture and storage (CCS). More than 30 countries have **formulated specific hydrogen strategies and allocated $76 billion in funds**. Europe remains the hub for hydrogen development, accounting for over 50% of the announced projects, with an estimated investment of $130 billion. China is becoming a \"engine\" for hydrogen energy, with hydrogen expected to account for 10% of the energy mix by 2050. Furthermore, the investment growth rate in all other regions exceeded 75%. In addition, hydrogen trade flows between supply and demand centers have also begun to emerge. On February 17 this year, the report \"Hydrogen Insights 2021\" published by the International Hydrogen Council and McKinsey stated that more than 30 countries have **formulated** hydrogen strategies, and over 200 large-scale projects have been announced worldwide, with a total value of more than $300 billion (approximately 1.9 trillion yuan at the current exchange rate).