Close Menu
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
LinkedIn X (Twitter) YouTube Facebook
Trending
  • EU–China Energy Diplomacy Amid German Hydrogen Retrenchment: A Deep Dive
  • Merredin BESS Secures $220M Financing but Pays Premium over Global Battery Cost Benchmarks
  • Brazil Stakes Claim in Global Hydrogen Race with €1.3B Investment in Uberaba and Açu Projects
  • Bremen Project Collapse Reveals Fragile Economics Behind Germany’s Green Hydrogen Hopes
  • The Hydrogen Heating Mirage: Why Germany’s “H₂-Ready” Promise Risks Locking in High Costs and Low Returns
  • How Lyten’s Salvage Mission Could Upend Europe’s Battery Wars
  • Doug Wicks on Why Energy Innovation Is Broken—and How to Fix It
  • Cost and Policy Roadblocks Stall LEAG’s H2UB Boxberg Green Hydrogen Hub
LinkedIn X (Twitter) YouTube Facebook
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
Energy NewsEnergy News
Home Home - Middle east
Green Hydrogen H2 News

From Electrolysis to Green Hydrogen: Trillion-Dollar Clean Energy Quest

Anela DoksoBy Anela Dokso26/09/20233 Mins Read
Share
LinkedIn Twitter Facebook Email WhatsApp Telegram

The world is witnessing an unprecedented surge in investments in electrolysis for hydrogen production, particularly in the realm of green hydrogen. While this marks significant progress in the transition to clean energy, it also highlights the challenges and ambitions surrounding the shift away from fossil fuels.

In 2022, global spending on electrolyzer installations reached a staggering $0.6 billion, doubling the number recorded in 2021. This revelation comes from a recent report by the International Energy Agency (IEA), signaling a growing commitment to green hydrogen technologies worldwide.

Notably, an additional $500 million was spent on hydrogen production projects that incorporate carbon capture, storage, and use technology, further underlining the momentum behind sustainable hydrogen.

Push for Low-Emission Hydrogen

While electrolysis investments have surged in recent years, they must continue to accelerate at a rate of 70% annually until 2030 to align with the carbon neutrality scenario of 2050. The IEA estimates that approximately $41 billion in investments will be required to achieve this goal by 2030.

The majority of electrolysis and carbon capture projects’ investments since 2021 have been driven by a relatively small number of large-scale hydrogen projects. These projects, despite adding limited new operational capacity compared to 2021, represented a record level of spending in 2022.

One of the standout projects that received the final investment decision in 2022 is the NEOM green hydrogen project in Saudi Arabia. With a planned capacity of 2 gigawatts, it is expected to become operational by 2026, making it a major contributor to the green hydrogen landscape.

Similarly, the Sultanate of Oman adopted the final investment decision for a green hydrogen and ammonia production project with a capacity of 320 megawatts. This project is part of a comprehensive strategy aimed at doubling production multiple times by 2030.

The Middle East, particularly the Arabian Gulf region, is expected to witness a surge in electrolysis investments for hydrogen production. China, in 2022, reached a final investment decision for a hydrogen production project in Xinjiang Province with a capacity of 26 megawatts. This project is set to commence operation in June 2023.

Europe is not far behind in the green hydrogen race. Shell, a multinational energy company, approved the Holland Hydrogen I project with a capacity of 200 megawatts, slated for operation by 2025. In Sweden, H2 Green Steel is on the cusp of making a final investment decision for a massive 700 MW electrolyzer and a new steel production plant.

Policy Support Fuels Investment

In 2023, investment decisions for proposed projects are expected to rise, thanks to supportive policies announced in the United States, Europe, Canada, Japan, India, and several other countries. The United States approved its largest-ever tax exemption package worth $370 billion for clean energy projects, including hydrogen.

Europe is also making strides, with the European Commission approving the establishment of a European Hydrogen Bank to finance environmentally compliant projects. Additionally, the Commission is considering financing proposals to aid potential hydrogen exporters and support electrolyzer manufacturers.

The volume of subsidies for low-carbon hydrogen projects has surged fourfold in the past two years, exceeding $280 billion by mid-2023, according to Bloomberg New Energy Finance (BloombergNEF). The United States accounts for 49% of global aid, with Europe at 27% and the Asia-Pacific region at 4%, focusing primarily on research and development.

As countries worldwide adopt national hydrogen strategies, the hydrogen production race has expanded. Seven Arab nations, including Saudi Arabia, the UAE, Qatar, Oman, Egypt, Morocco, and Algeria, have entered this global race through ambitious projects.

Share. LinkedIn Twitter Facebook Email

Related Posts

Oman

Oman: Heavy Equipment Arrives for $750M ACME Project

30/06/2025
hydrogen

Oman Assesses Hydrogen Transport via Existing Gas Pipelines in Bid to Meet 2050 Net-Zero Goals

23/06/2025
Morocco Eyes Green Hydrogen and EV Batteries as Cornerstones of Industrial Diversification Strategy

Morocco Eyes Green Hydrogen and EV Batteries as Cornerstones of Industrial Diversification Strategy

13/06/2025
Plug Power Secures 2 GW Electrolyzer Deal in Uzbekistan

Plug Power Secures 2 GW Electrolyzer Deal in Uzbekistan

12/06/2025
Global Hydrogen Market Gathers Momentum Amid Major Project Advancements Across India, Europe, and Southeast Asia

Global Hydrogen Market Gathers Momentum Amid Major Project Advancements Across India, Europe, and Southeast Asia

06/06/2025
Green Hydrogen

NEOM Green Hydrogen Project 80% Completed

03/06/2025
Hydrogen

EU–China Energy Diplomacy Amid German Hydrogen Retrenchment: A Deep Dive

02/07/2025
BESS

Merredin BESS Secures $220M Financing but Pays Premium over Global Battery Cost Benchmarks

02/07/2025
hydrogen

Brazil Stakes Claim in Global Hydrogen Race with €1.3B Investment in Uberaba and Açu Projects

02/07/2025
Hydrogen

Bremen Project Collapse Reveals Fragile Economics Behind Germany’s Green Hydrogen Hopes

02/07/2025

Subscribe to Updates

Get the latest news from the hydrogen market subscribe to our newsletter.

LinkedIn X (Twitter) Facebook YouTube

News

  • Inteviews
  • Webinars
  • Hydrogen
  • Spotlight
  • Regional

Company

  • Advertising
  • Media Kits
  • Contact Info
  • GDPR Policy

Subscriptions

  • Subscribe
  • Newsletters
  • Sponsored News

Subscribe to Updates

Get the latest news from EnergyNewsBiz about hydrogen.

© 2025 EnergyNews.biz
  • Privacy Policy
  • Terms
  • Accessibility

Type above and press Enter to search. Press Esc to cancel.