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Green hydrogen can win auctions yet still fail to reach operators without verifiable sustainability claims and quality infrastructure. Policymakers should fund the “plumbing” of proof.
Electrolyser manufacturing scale and auction-linked demand are turning “green hydrogen” into a financeability exercise. The remaining bottlenecks are eligibility, timing, and verification.
A project can look “green” on paper yet fail to clear finance. The reasons cluster around electrolyzer scale, power-and-timing constraints, and contract plus certification design.
ITM Power’s £86.5m Chronos funding is a manufacturing signal, but green hydrogen viability still turns on electrolyzer life, grid-linked utilization, and near-term infrastructure specs.