Independent hydrogen policy & market advisory

Where hydrogen policy meets hydrogen economics.

We help developers, investors and industry bodies navigate European and national hydrogen policy and price the gap between what gets announced and what actually gets built. Our Hydrogen Tracker supports this work with a map and database of European hydrogen projects, grounded in public sources and our own research.

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AdvisoryPublic Policy ConsultingEU and national hydrogen policy analysis, regulatory tracking and stakeholder mapping for developers, investors and industry bodies navigating the Hydrogen and Decarbonised Gas Market Package.View →AnalysisHydrogen NewsShort, opinionated notes that connect a policy or market development to what it actually means for project economics - written for people who need the implication, not the press release.View →DataHydrogen TrackerA map and database of European hydrogen production, infrastructure and Hydrogen Valley projects, with pipeline corridors and refuelling stations. Built to make the gap between announcement and delivery visible.View →ProfileAbout & ExpertiseBackground, focus areas and how engagements typically run - from a single scoping memo to ongoing retained advisory.View →

Hydrogen, in numbers

Full reference →

~97 Mt

Global hydrogen demand

Global hydrogen demand runs close to 97 million tonnes a year, but the overwhelming majority is still grey hydrogen made from unabated natural gas or coal, consumed on-site by refining and ammonia production.

IEA, Global Hydrogen Review

<1%

Share that is low-emission

Low-emission hydrogen (renewable or CCS-abated) remains well under 1% of total supply despite years of pipeline announcements - the gap between announced projects and projects that actually reach FID is the single biggest theme in the sector.

IEA, Global Hydrogen Review

10 + 10 Mt

EU REPowerEU 2030 ambition

The EU's REPowerEU plan set a headline ambition of 10 million tonnes of domestic renewable hydrogen production plus 10 million tonnes of imports by 2030 - a target most independent analysts now regard as unlikely to be met in full.

European Commission, REPowerEU (2022)

€720m+

European Hydrogen Bank auctions

The EU Hydrogen Bank has run multiple pilot auctions awarding fixed premiums per kilogram of renewable hydrogen produced, aiming to close the cost gap with fossil-based hydrogen without picking winners on technology.

European Commission, Innovation Fund

Recent analysis

All notes →

Policy · 8/4/2026The EU's additionality rules are stricter on paper than in practice - here's the gapDelegated Regulation 2023/1184 sets out temporal and geographic correlation rules for renewable hydrogen. Most project financing decks we review still model around a looser reading than regulators are likely to accept post-2028.Policy · 6/19/2026Reading the European Hydrogen Bank auction results as a signal, not a scoreboardAuction clearing prices tell you less about 'the cost of hydrogen' than about which projects had bankable offtake and permits already lined up. That's the more useful read for a client deciding where to focus development effort.Market · 5/11/2026What the tracker's FID gap tells us about the pipeline-to-delivery ratioCross-referencing our project tracker's status history against original announcement dates shows the familiar pattern: capacity-weighted announcements dwarf capacity that has actually reached construction.