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Friday
14 Aug 2026 · Nº 226
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Signal
Germany's cancelled 2.1GW HyScale100 project and its steelmaker pivoting to a €2bn DRI subsidy expose that Europe's green hydrogen bottleneck isn't marginal cost—grid fees add just €0.05/kg—but FID failure, with under 10% of 2030 projects funded despite France's fresh €778m award. Capital is instead flowing to bankable alternatives, evidenced by Form Energy's $750m raise for iron-air storage, signaling investors favor proven long-duration solutions over hydrogen's stalled demand case.
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Hydrogen · DE · Fuel Cells Works / Hydrogen Insight
Developers have cancelled the planned 2.1GW HyScale100 green hydrogen project in Germany, which had been earmarked for close to €900 million in public support. The project would have been one of the country's largest electrolysis schemes.
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Industrial Policy · DE · Hydrogen Insight
A German steel producer is reported to be in advanced talks with the government over roughly €2 billion in support for a direct reduced iron (DRI) plant, after abandoning plans to run the facility on hydrogen. The details of the arrangement remain under negotiation according to the report.
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Hydrogen · DE · Hydrogen Insight
According to an industry assessment cited by Hydrogen Insight, planned reforms to German grid fees would raise green hydrogen production costs by only around €0.05 per kilogram. The figure is an industry estimate and not a confirmed regulatory calculation.
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Hydrogen · FR · Ammonia Energy Association
The French government has awarded €778 million over fifteen years to three electrolytic hydrogen projects totalling 161.4 MW of capacity. One, Fertighy's plant in northern France, is intended to produce renewable fertilizers for domestic use.
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Hydrogen · EU · Fuel Cells Works
A market analysis reports that less than 10% of Europe's announced 2030 hydrogen projects have reached final investment decision, leaving domestic electrolyser manufacturing capacity substantially underutilised. The finding points to a persistent gap between announced pipeline and committed builds.
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Industrial Policy · ES · Recharge News
Recharge reports that mounting curtailment of solar and wind output in Spain is undermining the economics of renewable projects, as grid and market constraints leave generation unremunerated. Developers face growing exposure to negative or zero-price hours.
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Batteries · EU · El Periódico de la Energía
Form Energy has raised $750 million to expand manufacturing of its iron-air batteries, marketed for multi-day (around 100-hour) long-duration storage. The company positions the chemistry for extended grid storage rather than short-duration applications.
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The morning board
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Ammonia · unabated fossil
Conventional SMR · $/t NWE
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688.25 |
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Ammonia · low-carbon
SMR + CCS · $/t NWE
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738.92 |
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Ammonia · RFNBO
Renewable electrolysis · $/t NWE
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839.16 |
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EUA
EU Allowance · €/tCO₂
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82.17 |
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DE Baseload
Day-ahead · €/MWh
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140.33 |
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TTF Natural Gas
Front-month · €/MWh
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60.80 |
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AI-assisted briefing for informational purposes only. Not investment, legal, or regulatory advice. No liability assumed. Views are the author's own.
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