H2Tech Market Data 2024 - 25

ity in the U.S. Since the passage of the IRA, more than $84
B in new H2
the U.S.51
the H2 value chain, from H2
project investments have been announced in
These projects include various investments along
production and distribution
to H2 fueling infrastructure; fuel cells, and H2
and renewable
energy components and equipment manufacturing;
H2
-powered generation facilities; and many others.
At the time of this publication, the GEI database was
tracking more than 180 active H2
projects
projects in the U.S. These
projects represent a total CAPEX of more than $200 B.
When broken down by location, most active H2
are in Texas (18%), California (16%) and Louisiana (7%)-
nearly 20% of active H2
projects are still in early planning/
proposal stages, and exact locations have not been publicly
announced (e.g., U.S. Gulf Coast). Most projects under
development will take a green pathway (55%) to produce
H2
, followed by a blue route (41%).
More than two dozen H2
projects under development in
the U.S. have a CAPEX of more than $1 B. These projects
range from green H2
production to fuel power generation
to help decarbonize domestic industrial sectors (e.g., refinFIG.
17. Operational and active H2
FIG. 16. The national action plan to clean H2 in the U.S. Source: U.S. DOE.48
production projects in the
U.S. These installations/projects represent approximately
12 MMtpy of H2
production capacity. Source: U.S. DOE.48
25
MARKET DATA 2024
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H2Tech Market Data 2024

Table of Contents for the Digital Edition of H2Tech Market Data 2024