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Episode 4

Why hydrogen projects fail

The decisions that kill good hydrogen technologies are rarely technical. We walk through eight of them — four strategic, four executional — and what the projects that survive consistently do differently.

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Key takeaways

  • Fewer than 10% of announced hydrogen capacities have reached a final investment decision.
  • Projects typically assume around 2× lower costs than real manufacturing delivers.
  • In the cases reviewed, zero failures were caused by the science not working.
  • Four strategic and four executional failure modes decide the outcome.
  • The projects that survive treat cost, scale-up and governance as seriously as the technology itself.

Episode guide

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