In their extensive research, Capgemini and EIT InnoEnergy surveyed professionals from nearly 120 companies and organizations in the hydrogen industry between November 2023 and February 2024. These organizations were based in: France (62%), Germany (6%), Rest of Europe (20%), North America (4%), Asia (3%), Africa & Middle East (5%).
"The low-carbon hydrogen sector experienced a period of wide-spread hype and enthusiasm since 2021. However, this enthusiasm has faded with market and regulatory uncertainties with very few projects making it to the investment stage. According to the International Energy Agency (IEA), in 2023, only 4% of projects have entered the Final Investment Decision (FID) phase.
It is this stark disparity between expectations and tangible results that led us to dig deeper and commission this report. Together with EIT InnoEnergy, we aim to uncover the blockages standing in the way of low-carbon hydrogen cost reduction and mass adoption. In our extensive research, we surveyed professionals from nearly 120 companies and organizations in the hydrogen industry between November 2023 and February 2024. These organizations were based in: France (62%), Germany (6%), Rest of Europe (20%), North America (4%), Asia (3%), Africa & Middle East (5%)."
