CleanTechnica•about 22 hours ago
Grey, Blue, or Green: The Real Ammonia Math
Key Takeaway
The halting of a major blue hydrogen project due to lack of customer demand highlights that market viability and secured off-take are critical for decarbonization projects, even with substantial policy support.
AI Summary
- •Equinor's blue hydrogen project (H2M, Groningen) was halted due to an absence of customers, despite securing support from the EU Innovation Fund and being positioned for industrial decarbonization.
- •This failure indicates that the market for blue hydrogen/ammonia, even with policy backing, currently lacks sufficient customer demand at viable price points, posing a significant risk for developers.
- •Developers and IPPs should prioritize securing firm off-take agreements and thoroughly assessing customer willingness-to-pay before committing to large-scale blue hydrogen/ammonia production projects.
Topics
emissionsfinancingpolicyppa
Article Content
Equinor’s decision to halt its blue hydrogen project in Groningen is not a story about engineering failure or lack of public support. It is a story about the absence of customers. The H2M project secured support from the EU Innovation Fund and was positioned as a cornerstone of industrial decarbonization ... [continued] The post Grey, Blue, or Green: The Real Ammonia Math appeared first on CleanTechnica .