Proposed green hydrogen projects are rising across the globe with Australia and Europe emerging as dominant players in the landscape, but funding shortages mean half the projects are not expected to be operational until 2035, a new report from Rystad Energy shows.

The global pipeline of utility-scale green hydrogen developments, meaning projects with capacities greater than 1 megawatt, now exceeds 60 gigawatts, with 87 per cent of this capacity coming from gigawatt-scale plants.