🔋💨 Green Hydrogen Retreats: BP, Shell, Repsol, Engie
💬 “Green hydrogen is the fuel of the future — but for now, the future is on hold?
MrsSustainability
KtalystInsights | GreenHydrogen | MrsSustainability
📉 26 GW wind + solar. 1.6 million tonnes green H₂. AU$55 billion project.
🛑 BP exits Australia’s AREH in July 2025 — refocuses on oil & gas returns.
⚠️ From $30B planned low-carbon spend, BP slashes to ~$4B by 2030.
🧭 They’re not alone. A global correction is underway.
📌 BP – Exited AREH, Australia (2025)
📌 Shell – Paused Rotterdam H₂ hub (600 MW, 2024)
📌 Repsol – €2.5B Spain projects delayed; seeking new subsidies
📌 Equinor – Norway H₂ plans deferred due to cost overruns
📌 Engie – India JV with NTPC slowed down amid offtake issues
📊 Globally, over 70% of large-scale green H₂ projects are stuck at MoU or concept stage (IEA, 2025).
NetZero | EnergyTransition | HydrogenEconomy | BPExit | ClimateCapital
Originally published on LinkedIn on 2025-07-25 12:05:48: https://www.linkedin.com/feed/update/urn%3Ali%3AgroupPost%3A2474261-7354482000310812672
