Energy storage projects halted

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4 FAQs about Energy storage projects halted

Why was ExxonMobil's clean hydrogen project halted?

ExxonMobil's $330 million clean hydrogen initiative at its Baytown, Texas refinery was also halted after federal funding evaporated under new political realities, leaving substantial planned hydrogen production capacity stranded.

What has happened to the hydrogen-for-energy sector in the last 30 days?

The last 30 days marked a particularly rough period for hydrogen advocates, with a striking series of cancellations and project halts around the globe. The cumulative scale of these decisions underscores how challenging and economically vulnerable the hydrogen-for-energy sector has become.

How much hydrogen does a cancelled project produce a year?

The projects that have been cancelled or paused had a combined annual output of 4.9mn tonnes, according to data from S&P Global, equivalent to more than four times the world's installed clean hydrogen capacity.

How vulnerable is the hydrogen-for-energy sector?

The cumulative scale of these decisions underscores how challenging and economically vulnerable the hydrogen-for-energy sector has become. Over the span of approximately four weeks, projects valued at tens of billions in multiple countries have collapsed or been shelved indefinitely, erasing significant planned hydrogen production capacity.

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