According to data recently published by Hydrogen Europe, the hydrogen sector will have to deal with serious challenges after the Covid-19 pandemic. The economic recession following the current global health crisis ‘may even permanently endanger the capacity of the clean hydrogen sector to take-up its role as the missing link in the energy transition’.

To protect the alternative fuels infrastructure and clean energy systems, the report demands economic stimulus packages to be made available for the sectors after the crisis, accompanied by regulatory frameworks which support open access and competition.

There are currently at least 280 companies actively developing hydrogen technologies in Europe. Of those 280, 170 are SMEs, Hydrogen Europe estimates.

The economic climate following COVID-19 could cause ‘a significant delay in the adoption and commercial roll-out of clean hydrogen’, as the report highlights.

The study additionally names three central risks to the sector’s continued growth.

The challenges will vary depending on company sizes. Small innovative tech providers could face severe liquidity challenges, resulting in staff lay-offs and even bankruptcy. Larger companies on the other hand will have to expect any planned major investments to be axed or scaled down, as climate and environmental policies take a backseat in Europe’s recovery plans.

According to data recently published by Hydrogen Europe, the hydrogen sector will have to deal with serious challenges after the Covid-19 pandemic. The economic recession following the current global health crisis ‘may even permanently endanger the capacity of the clean hydrogen sector to take-up its role as the missing link in the energy transition’.

To protect the alternative fuels infrastructure and clean energy systems, the report demands economic stimulus packages to be made available for the sectors after the crisis, accompanied by regulatory frameworks which support open access and competition.

There are currently at least 280 companies actively developing hydrogen technologies in Europe. Of those 280, 170 are SMEs, Hydrogen Europe estimates.

The economic climate following COVID-19 could cause ‘a significant delay in the adoption and commercial roll-out of clean hydrogen’, as the report highlights.

The study additionally names three central risks to the sector’s continued growth.

The challenges will vary depending on company sizes. Small innovative tech providers could face severe liquidity challenges, resulting in staff lay-offs and even bankruptcy. Larger companies on the other hand will have to expect any planned major investments to be axed or scaled down, as climate and environmental policies take a backseat in Europe’s recovery plans.

Similarly, investors’ interest in financing the planned growth of the hydrogen sector may decline.

Similarly, investors’ interest in financing the planned growth of the hydrogen sector may decline.