From announcement to FID: What makes hydrogen projects succeed?

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Key takeaways

• Most announced hydrogen projects never reach a final investment decision.
• Announcements and feasibility studies prove interest — FID requires a bankable case.
• Offtake, not technology, is usually the gate that decides whether a project advances.
• Cost discipline, real partners and staged de-risking separate FID projects from paper projects.
• A project is not real until the money is committed.

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