IGTM - Great observation ; and supported by industry data :
"Interesting quote from the Hydrogen Council, referenced by ReutersEvents in their Notice of the upcoming " Hydrogen Investment - Strategies for Success":
"While the Clean Hydrogen Project Pipeline has grown to $570 Billion, just 7 % of Hydrogen Projects have secured Final Investment Decision." Actually 7% is pretty low.
The historical industry average for funding and completion of major capital projects in the energy sector is closer to 10%.
Another troubling sign : Project Delays in Australia, The EU and North America
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