Hydrogen’s Reality Check: Why Mega-Projects Are Collapsing

In this episode of The Hydrogen Podcast, we unpack the retrenchment sweeping across the global hydrogen sector.

🚨 Key Insights:

• Thyssenkrupp Nucera exits U.S. green hydrogen megaprojects after policy and tax credit changes.
• $10B+ shelved in North America as developers shift to discipline and profitability.
• Oilprice.com critique: why most 2020s-era hydrogen hype never materialized.
• Data deep dive: under 1M tonnes of low-carbon hydrogen are actually in use today vs. 97M tonnes global demand.
• Risks of overinvestment: stranded assets, policy whiplash, capital misallocation, and public trust erosion.
• The path forward: targeting steel, fertilizer, heavy industry, ports, and grid backup—not passenger cars or home heating.

Hydrogen isn’t dead—it’s maturing. The collapse of hype is forcing projects toward real markets, bankable economics, and strategic resilience.

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