Thirty Days of Cancellations Show That the Bubble Has Finally Burst
The month of June marked a particularly rough period for hydrogen advocates, with a striking series of cancellations and project halts around the globe. The cumulative scale of these decisions underscores how challenging and economically vulnerable the hydrogen-for-energy sector has become. Over the span of approximately four weeks, projects valued at tens of billions in multiple countries collapsed or were shelved indefinitely, erasing significant planned hydrogen production capacity. These reversals are not merely isolated incidents. They represent a broader recognition by industry leaders and governments that hydrogen, particularly for transportation and energy export, is confronting fundamental economic and technical barriers that optimism alone cannot overcome.
Here’s a structured summary table with estimated hydrogen production values (annual tons), based on typical scale for projects of similar size and stated goals from public plans:
