Tech has a role in enabling hydrogen projects
As developers struggle to reach final investment decisions on hydrogen projects, smart design, modularity, and digital tools are emerging as critical enablers. Molly Burgess speaks to ABB about how it is supporting the push toward bankable projects.
Despite a significant surge in final investment decisions (FIDs) in global hydrogen projects in 2024, the industry remains a long way off meeting earlier expectations, with large-scale projects being few and far between.
The bankability of hydrogen projects hinges on a combination of factors, including financial support, robust risk mitigation strategies, and alignment with market and policy trends. But technology can impact on a project’s future, too, as the cost-effectiveness and efficiency of a hydrogen plant need to be optimized to get the green light.
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