{"id":16635,"date":"2024-07-12T08:00:28","date_gmt":"2024-07-12T07:00:28","guid":{"rendered":"https:\/\/www.westwoodenergy.com\/?p=16635"},"modified":"2025-04-16T10:24:04","modified_gmt":"2025-04-16T09:24:04","slug":"hydrogen-compass-july-2024","status":"publish","type":"post","link":"https:\/\/www.westwoodenergy.com\/subsectors\/hydrogen\/hydrogen-compass-july-2024","title":{"rendered":"Hydrogen Compass – July 2024"},"content":{"rendered":"[vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][nectar_animated_title heading_tag=”h6″ style=”color-strip-reveal” color=”Accent-Color” text=”JULY 2024″][vc_column_text]The month of June saw positive signs for the Northwest European hydrogen market, with progress for electrolyser manufacturers, funding mechanisms and infrastructure projects. Progress inevitably brings challenges, and so this month we highlight the potential competition electrolyser manufacturers are facing from China, and how the current state of funding and infrastructure development underscores the need to set a more realistic vision of progress for the hydrogen market.<\/p>\n

How are key European electrolyser manufacturers stacking up?<\/strong><\/h3>\n

Signs of progress emerged in the last month for electrolyser manufacturers in Europe, with Cummins announcing the start of production of PEM electrolysers at their new 500MW factory in Guadalajara, central Spain. While some initial units were produced in April, the plant\u2019s official opening is scheduled for October. Originally announced in 2021 with a completion date set for 2023, it is unclear why the development has been delayed. It is also uncertain when the plant will reach its full 500MW capacity. However, it is important to recognise the progress being made in this part of the European hydrogen value chain, with Cummins also announcing the potential to scale its factory to 1GW, which would make it one of the largest electrolyser manufacturing plants in Europe.<\/p>\n

Other manufacturers are also showing promising signs. According to ITM Power\u2019s June update[1]<\/a>, ahead of its official preliminary results expected in August, the year-long cost-cutting programme has halved the company\u2019s losses and tripled its revenue from \u00a35.2mn in 2023. The programme also led to the sale of ITM\u2019s stake in its refuelling station joint venture, Motive Fuels, in October 2023. This strategic move, aimed at focusing on electrolyser development and reducing exposure to higher-risk investment areas, has been mirrored by other manufacturers such as McPhy and most recently by Nel in June.<\/p>\n

While there is positive momentum in Europe, project developers including Tree Energy Solutions (TES) and Madoqua Renewables have expressed interest in the last month in potentially sourcing electrolysers from China. Jens Schmidt, CTO at TES, returned from a visit to China where he inspected electrolyser factories and production systems. He reported[2]<\/a> that manufacturers such as Sungrow, Peric and Logic are producing high-quality electrolysers at up to a third of the cost compared to European counterparts. Schmidt emphasised their manufacturing capabilities and performance, suggesting that TES might opt for Chinese-made systems to reduce costs for their European projects. In addition to cheaper labour, he attributed automation, standardisation and scale to their ability to lower production costs.<\/p>\n

Similarly, Rogaciano Rebelo, CEO of Madoqua, which leads the 500MW MP2X project in Portugal that won subsidies in the first European Hydrogen Bank auction, stated[3]<\/a> that they are also open to purchasing cheap electrolysers from China. Rebelo noted that the technology used by US, European and Chinese manufacturers is comparable, and cost will ultimately drive their purchasing decisions.<\/p>\n

As European project developers look beyond their borders for electrolysers, technology providers are increasingly feeling the competition from China. In response, there have been two appeals in the last five months to the European Commission (EC) to introduce \u201cMade in Europe\u201d requirements for hydrogen subsidies to protect European manufacturers. Most recently, a group of 20 companies, including Thyssenkrupp Nucera, McPhy, Nel, Siemens, Topsoe and Sunfire, sent a letter to President Von der Leyen urging the EC to \u201cmaintain a level playing field.\u201d These companies perceive China as a \u201creal threat\u201d to the advancement of the European hydrogen value chain. While progress has been made, European manufacturers are placing responsibility on the EC to prevent the repeat of the \u201csolar PV tragedy\u201d, which saw the Chinese solar manufacturing sector dominate during the 2010s.<\/p>\n

Industry concerns on the \u2018threat\u2019 of Chinese competition in Europe is a theme across several climate technologies. The real challenge for the EC and European governments will be to balance the twin goals of localisation and job creation with delivering an affordable transition. This will be key to determining the future shape of the hydrogen industry in Europe.<\/p>\n

Progress in funding and infrastructure development: setting realistic expectations<\/strong><\/h3>\n

In June, progress was made in funding for European hydrogen with the announcement of the winners of the fourth wave of IPCEI funding \u2013 Hy2Move. Supporting road transport, maritime, and aviation applications, 13 projects across seven countries are set to receive up to \u20ac1.4bn in public funding. While specific project details are yet to be released, this marks an important milestone, with 122 projects approved across all four waves of funding, covering the entire hydrogen value chain.<\/a>[\/vc_column_text][vc_table][align-left]Company,[align-left]Country,[align-left]Funding%20Category|[align-left]Airbus,[align-left]Germany%2C%20France%2C%20Spain,[align-left]Mobility%20and%20transport%20applications|[align-left]BMW,[align-left]Germany,[align-left]Fuel%20cells%20and%20on-board%20storage|[align-left]Michelin,[align-left]France,[align-left]Fuel%20cells|[align-left]HDF,[align-left]France,[align-left]Fuel%20cells|[align-left]Gen-Hy%20Cube,[align-left]France,[align-left]Hydrogen%20production%20technologies|[align-left]Evolution%20Synergetique,[align-left]Spain,[align-left]Hydrogen%20mobility%20applications|[align-left]Skeleton%20Technologies,[align-left]Estonia,[align-left]Hydrogen%20mobility%20applications|[align-left]Tomark,[align-left]Slovakie,[align-left]Hydrogen%20mobility%20and%20on-board%20storage|[align-left]UFI,[align-left]Italy,[align-left]Fuel%20cells[\/vc_table][vc_column_text]\n

Fourth wave of IPCEI Hy2Move funding winners
\nSource: European Commission<\/h6>\n[\/vc_column_text][vc_column_text]The European Commission (EC) also approved Germany\u2019s \u20ac3bn mechanism in June to support the construction of its planned 9,700km core hydrogen network. This support will come in the form of state guarantees, allowing transmission system operators (TSOs) to reduce construction costs and cover expected initial losses by accessing loans at \u201cfavourable\u201d interest rates. These loans are expected to be repaid by 2055, with EC stating that the reimbursements will be \u201cprogressively backloaded\u201d in line with the anticipated increase in hydrogen demand. With an estimated total cost of nearly \u20ac20bn and plans to start transporting hydrogen in 2025, it will be crucial to monitor whether the mechanism and level of support will be sufficient to enable Germany\u2019s import-dominant hydrogen ambitions.<\/p>\n

Further progress for Germany\u2019s hydrogen infrastructure network was made with the start of construction on the \u20ac1bn Hanseatic Energy Hub (HEH) in June. Located near Hamburg, the HEH will be Germany\u2019s first land-based liquid gases terminal which is expected to be completed in 2027. Initially importing LNG, the terminal has been designed to also import ammonia and crack it back into hydrogen, supplying the planned hydrogen core network. The hub also boasts the two largest LNG tanks in Europe (240,00 cubic metre capacity), which are \u201cammonia-ready\u201d and able to store synthetic natural gas or biomethane. While it is not clear when the transition away from LNG or the start of ammonia imports will begin, Germany, a country previously plagued by numerous development delays, has begun to put the necessary pieces in place to keep the industry moving forward.<\/p>\n

It is important, however, to put this progress into a wider context. Within funding, while the announcement of the IPCEI Hy2Move winners marked a key milestone, the EC has stated that funds awarded under IPCEI may not be fully distributed until 2031, with receipt timelines dependent on individual projects and the companies involved. Additionally, the second round of the European Hydrogen Bank (EHB) auctions, initially announced to close in spring, is now expected in autumn and will have a budget that is \u20ac1bn less than anticipated. It has also been suggested by Susana Moreira[4]<\/a>, executive director of the H2Global Foundation, that the deliveries of hydrogen derivatives via its mechanism may not occur until 2026, despite the first three tenders launching in December 2022.<\/p>\n

A similar story is present in infrastructure, with Germany\u2019s core hydrogen network delayed until 2037, although the first volumes are expected next year. While the HEH is planned for completion in 2027, the timeline for the first volumes of ammonia or other hydrogen derivatives remains unknown.<\/p>\n

While we should not downplay progress, the EU and other major European markets have used the year 2030 as a benchmark for advancement. Therefore, it may be time to think beyond 2030 and set a more achievable standard for progress by taking attainable steps, recognising the learning gained across funding and infrastructure developments thus far, and continuing to push regulators, developers, and others across the value chain to invest in the momentum gained so far.[\/vc_column_text][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][nectar_animated_title heading_tag=”h6″ style=”color-strip-reveal” color=”Accent-Color” text=”Key Northwest European Project Watch”][vc_column_text]Key project announcements and developments in June[\/vc_column_text][vc_table][align-left]Project,[align-left]Update|[align-left]Yara%20Her%C3%B8ya,[align-left]Yara%20International%20has%20inaugurated%20a%2024MW%20electrolytic%20hydrogen%20plant%20at%20Her%C3%B8ya%20Industrial%20Park%20in%20Norway%2C%20the%20largest%20of%20its%20kind%20currently%20operational%20in%20Europe.%20This%20facility%20uses%20hydroelectricity%20to%20power%20its%2024MW%20PEM%20electrolyser%2C%20supplied%20by%20ITM%20Power%2C%20with%20the%20hydrogen%20used%20as%20a%20feedstock%20for%20ammonia%20production.%20Yara%20will%20produce%20up%20to%2020.5ktpa%20of%20ammonia%20from%20this%20plant%20which%20can%20be%20utilised%20to%20produce%20between%2060-80ktpa%20of%20green%20fertilisers.%20The%20first%20of%20these%20fertilisers%20have%20already%20been%20delivered%20to%20Swedish%20agricultural%20company%20Lantm%C3%A4nnen.|[align-left]Saltend%20Chemicals%20Park,[align-left]Meld%20Energy%20has%20received%20planning%20permission%20from%20the%20East%20Riding%20of%20Yorkshire%20Council%20to%20build%20a%20%C2%A3250mn%2C%20100MW%20electrolytic%20hydrogen%20production%20facility%20at%20Saltend%20Chemicals%20Park%20in%20Hull.%20This%20project%20aims%20to%20meet%20up%20to%2030%25%20of%20the%20park%E2%80%99s%20hydrogen%20demand%2C%20reducing%20carbon%20emissions%20by%20125ktpa%20thereby%20helping%20to%20reduce%20the%20emissions%20of%20the%20UK%E2%80%99s%20heaviest%20emitting%20industrial%20cluster%20in%20the%20Humber.%20Meld%20Energy%20has%20confirmed%20that%20they%20have%20applied%20for%20HAR2%20funding%20for%20this%20project%2C%20which%20is%20set%20to%20come%20online%20in%202028.|[align-left]Kongsfjord%20and%20Oksefjorden%20P2X%20Floater,[align-left]Norwegian%20developer%20H2Carrier%20has%20progressed%20its%20plans%20for%20two%20wind%20farms%20in%20Finnmark%2C%20with%20a%20combined%20capacity%20of%201.4GW%2C%20into%20the%20public%20hearing%20process%20as%20announced%20by%20the%20Norwegian%20Water%20Resource%20and%20Energy%20Directorate%20(NVE).%20These%20wind%20farms%2C%20Oksefjorden%20(800MW)%20and%20Rubbedalsh%C3%B8gda%20(600MW)%2C%20located%20in%20the%20municipalities%20of%20Lebesby%2FGamvik%20and%20Berlev%C3%A5g%2FB%C3%A5tsfjord%20respectively%2C%20will%20each%20have%20an%20associated%20P2XFloater%20to%20produce%20green%20hydrogen%20and%20convert%20it%20to%20ammonia.%20Each%20P2X%20floater%20will%20be%20rated%20at%20the%20same%20power%20as%20the%20associated%20wind%20farm.%20The%20projects%20are%20expected%20to%20be%20operational%20by%202029.|[align-left]SALCOS,[align-left]Salzgitter%20AG%20has%20launched%20a%20tender%20for%20at%20least%20100%2C000%20tonnes%20of%20low-carbon%20hydrogen%20to%20support%20its%20green%20steel%20production%20facility%2C%20part%20of%20its%20SALCOS%20(Salzgitter%20Low%20CO2%20Steelmaking)%20project.%20The%20company%20will%20also%20build%20a%20100MW%20alkaline%20electrolyser%2C%20ordered%20from%20Hydrogen%20Pro%2C%20on-site%2C%20capable%20of%20producing%20around%209%2C000%20tonnes%20of%20hydrogen%20annually%20by%202026%2C%20to%20partially%20meet%20its%20hydrogen%20demand.%20External%20hydrogen%20supplies%20are%20expected%20to%20begin%20in%202027%2C%20contingent%20on%20the%20completion%20of%20Germany%E2%80%99s%209%2C700km%20hydrogen%20core%20network%20(HCN)%20or%20a%20comparable%20direct%20pipeline.|[align-left]Rough,[align-left]Wood%20has%20been%20awarded%20a%20contract%20by%20Centrica%20Energy%20Storage%20(CES)%20to%20redevelop%20the%20UK%E2%80%99s%20Rough%20field%20for%20future%20hydrogen%20storage.%20The%20Rough%20reservoir%2C%20located%20in%20the%20Southern%20North%20Sea%2C%20has%20historically%20stored%20natural%20gas%20and%20could%20meet%20over%20half%20of%20the%20UK’s%20hydrogen%20storage%20needs.%20The%20front-end%20engineering%20design%20(FEED)%20contract%20involves%20constructing%20new%20pipelines%2C%20an%20unmanned%20installation%2C%20and%20onshore%20injection%20facilities%20at%20the%20Easington%20Gas%20Terminal.%20This%20project%20aims%20to%20enhance%20the%20UK’s%20energy%20security%20and%20support%20its%20decarbonisation%20efforts.|[align-left]BarMar%20hydrogen%20pipeline,[align-left]Enagas%2C%20GRTgaz%2C%20and%20Terega%20have%20signed%20a%20Joint%20Development%20Agreement%20(JDA)%20to%20develop%20the%20BarMar%20hydrogen%20pipeline%20-%20a%20subsea%20pipeline%20connecting%20Barcelona%2C%20Spain%20to%20Marseille%2C%20France.%20The%20agreement%20outlines%20the%20conditions%20for%20the%20Transmission%20System%20Operators%20(TSOs)%20to%20jointly%20develop%20the%20necessary%20feasibility%20studies%2C%20the%20preliminary%20minimum%20conditions%20to%20reach%20FID%2C%20and%20the%20main%20principles%20and%20terms%20for%20the%20establishment%20and%20governance%20of%20the%20Special%20Purpose%20Vehicle%20(SPV).%20The%20agreement%20also%20specifies%20the%20shareholding%20divisions%2C%20with%20Enagas%20contributing%2050%25%2C%20GRTgaz%2033.3%25%20and%20Terega%2016.7%25.[\/vc_table][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_column_text][1]<\/a> ITM Power trading update via London Stock Exchange
\n[2]<\/a> Jens Schmidt via LinkedIn
\n[3]<\/a> Rogaciano Rebelo via Jornal Econ\u00f3mico
\n[4]<\/a> Hydrogen Insight Summit 2024[\/vc_column_text][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_column_text]If you have any project updates that you would like to share with Westwood’s Hydrogen team, please contact Jun using the contact details below.<\/p>\n

Jun Sasamura,<\/strong> Senior Analyst \u2013 Hydrogen<\/em>
\njsasamura@westwoodenergy.com<\/a>[\/vc_column_text][divider line_type=”Full Width Line” line_thickness=”1″ divider_color=”default” custom_height=”60″][divider line_type=”No Line”][vc_column_text]View all issues of Hydrogen Compass here:<\/strong>[\/vc_column_text][nectar_btn size=”medium” button_style=”regular” button_color_2=”Accent-Color” icon_family=”none” text=”Hydrogen Compass Listing” url=”https:\/\/www.westwoodenergy.com\/subsectors\/hydrogen\/hydrogen-compass”][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” bg_color=”#3756a5″ scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” id=”form” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none” gradient_type=”default” shape_type=””][vc_column column_padding=”padding-3-percent” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid” column_padding_type=”default” gradient_type=”default”][nectar_animated_title heading_tag=”h6″ style=”color-strip-reveal” color=”Accent-Color” text=”Sign-up to receive the latest Hydrogen insights”][vc_raw_html css=””]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[\/vc_raw_html][\/vc_column][\/vc_row]\n","protected":false},"excerpt":{"rendered":"

Westwood\u2019s monthly digest covering Northwest Europe\u2019s latest hydrogen market and project developments<\/p>\n","protected":false},"author":13,"featured_media":16531,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[353,430,555,791,551],"tags":[605,354,606,604,660,509],"class_list":{"0":"post-16635","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all_articles","8":"category-energy-transition","9":"category-hydrogen","10":"category-jun-sasamura","11":"category-new-energies","12":"tag-blue-hydrogen","13":"tag-energy-transition","14":"tag-green-hydrogen","15":"tag-hydrogen","16":"tag-hydrogen-scale-up","17":"tag-renewable"},"acf":[],"yoast_head":"\nHydrogen Compass - July 2024 - Westwood<\/title>\n<meta name=\"description\" content=\"Positive signs for Northwest European hydrogen, with progress for electrolyser manufacturers, funding mechanisms and infrastructure projects.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.westwoodenergy.com\/subsectors\/hydrogen\/hydrogen-compass-july-2024\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hydrogen Compass - July 2024 - Westwood\" \/>\n<meta property=\"og:description\" content=\"Positive signs for Northwest European hydrogen, with progress for electrolyser manufacturers, funding mechanisms and infrastructure projects.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.westwoodenergy.com\/subsectors\/hydrogen\/hydrogen-compass-july-2024\" \/>\n<meta property=\"og:site_name\" content=\"Westwood\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-12T07:00:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-16T09:24:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.westwoodenergy.com\/wp-content\/uploads\/2024\/06\/Webpage-Header-H2Compass.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2000\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alex Middleton\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alex Middleton\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.westwoodenergy.com\/subsectors\/hydrogen\/hydrogen-compass-july-2024\",\"url\":\"https:\/\/www.westwoodenergy.com\/subsectors\/hydrogen\/hydrogen-compass-july-2024\",\"name\":\"Hydrogen Compass - 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