Strategy

BP's Huge Hydrogen Bet May Only Be a Start

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BP's move to snap up a giga-scale green hydrogen project in Australia last week may only be the beginning. The UK supermajor is pointing to a much grander scale needed in the green hydrogen realm, and the broader industry appears to be viewing green hydrogen with more serious eyes amid the global energy crisis. BP’s decision to take a majority 40.5% stake and assume operatorship of Western Australia’s gigantic Asian Renewable Energy Hub (Areh) — billed as among the largest renewable power and green hydrogen proposals in the world — came just a day after TotalEnergies said it would take a 25% stake in a similar venture in India.

Topics:
Hydrogen, Renewable Electricity
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