Hydrogen investment rate track post COVID 19 pandemic repercussions in India

Investment in hydrogen technology deployment is also increasing. Despite near-term uncertainty about market-led uptake, hydrogen prospects look stronger than before the Covid-19 pandemic. Projects expected to deploy electrolysis capacity in 2021 raised more than USD 400 million in 2020, nearly four times the investments in 2018. In mobility, 2020 funding decreased slightly from 2019, likely reflecting impacts of the pandemic; investment is more than recovering in 2021, however, and deployments up to June point to 2022. Clearly, government action – including funding in Covid-19 recovery plans and long-term signals embedded in national hydrogen. strategies – is spurring the strong momentum behind hydrogen investment. Public investment is expected to leverage much higher private spending, which could further accelerate hydrogen technology deployment. For example, as part of its national hydrogen strategy, Germany announced a EUR 9-billion package, which the German government expects to trigger an additional EUR 33 billion of private investment.