From KlimaNachrichten

In recent months, several large hydrogen projects in Europe have been cancelled, postponed or greatly downsized, mainly due to high costs, uncertain demand and delayed subsidies.
This does not only apply to Germany, where it seems almost hopeless to produce even more expensive hydrogen from expensive electricity. Other countries are also affected.

Here are some of the most important cases:
 

Germany
 LEAG (Lausitz Energie): The planned green energy centre on the site of decommissioned coal-fired power plants in eastern Germany was postponed indefinitely in June 2025

ArcelorMittal: The conversion of two steel mills to green hydrogen (€2.5 billion project) has been paused despite €1.3 billion in subsidies

Statkraft: In May 2025, the Norwegian energy company stopped the development of new green hydrogen projects, including projects in Germany. Existing projects such as those in Emden will only be pursued with external investors

Spain
 Iberdrola: Reduced its hydrogen targets by almost two-thirds in March 2024 – from 350,000 to 120,000 Tonnes by 2030

Repsol: In February 2025, lowered the target for electrolysis capacity by up to 63% by 2030

Norway
 Shell: Scrapped plans for a low-carbon hydrogen plant on the West Coast in September 2024

Equinor: Canceled a similar project as well

Finland
 Neste: Withdrew from a renewable hydrogen production project in Porvoo in October 2024.