Blog » September 23, 2025 The clean hydrogen market is recalibrating. After years of planning, only 11 percent of the world’s planned production capacity for 2030 has advanced to final investment decision. In the United States, major players have pulled back from projects once seen as anchors of the emerging industry. Multi-billion-dollar projects utilizing steam methane reforming with carbon capture (SMR + CCS) in Texas (ExxonMobil), Indiana (BP), and Louisiana (Air Products), and electrolysis ...