Masdar Delays Green Hydrogen Capacity Target Beyond 2030
- Aim to reach 1 million ton a year capability pushed back
- Limited demand has challenged green hydrogen projects globally
Climate-friendly hydrogen was one of the most-hyped sectors in green energy, but limited demand for the fuel amid high cost has stymied development.
Photographer: Sean Gallup/Getty ImagesThis article is for subscribers only.
Abu Dhabi’s main renewables energy company has pushed back its target for green hydrogen capacity beyond 2030, the latest sign of the challenges facing production of the clean power source.
Masdar’s hydrogen unit will instead reach 1 million ton a year capacity within the next decade, according to its press office, which didn’t say why the target has been delayed. The plan includes projects in the United Arab Emirates and overseas.