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Hydrogen Hype Is Raging But Can’t Lure Investment to Europe

  • Hydrogen is seen at core of Europe’s clean energy plans
  • But few of the announced projects are actually being built
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As Europe seeks to exit fossil fuels, a relatively unproven alternative is forming the backbone of its clean-energy plans — but failing to convince investors.

Hundreds of hydrogen projects have been floated by governments in the past years, yet only 7% of those have the financing to start construction, according to data compiled by Bloomberg New Energy Finance.