BNEF expects clean H2 supply to skyrocket 30-fold to 16.4 million metric tons per year by 2030, driven by supportive policy and a maturing project pipeline. Still, this is not sufficient to meet most government targets. Less than a third of the 1,600 projects that have been announced to date materialize in BNEF’s bottom-up analysis, and often later than planned.

• From 0.5 million metric tons (Mt) of capacity online today, annual low-carbon hydrogen supply could grow 30x by 2030. Only around 30% of all currently announced supply for commissioning by the end of the decade is likely to be built…