Hydrogen on the Edge: BP Pulls Out, Plug Power Scores, Toyota Races Ahead

In today’s episode of The Hydrogen Podcast, we explore three pivotal stories shaping the global hydrogen landscape:

🇬🇧 UK – BP Cancels £2B HyGreen Teesside Project:
A June 13 Yahoo News report reveals that BP has scrapped its massive green hydrogen project in the UK due to sluggish subsidy negotiations. This move highlights the UK’s policy delays and threatens its 10 GW hydrogen target for 2030.

🇺🇸 U.S. – Plug Power Lands a Major Deal:
According to The Motley Fool, Plug Power secured a 25 MW PEM electrolyzer contract with a European customer. This $20–30 million deal strengthens Plug’s order book—but does it fix their financial woes?

🇯🇵 Japan/France – Toyota’s Hydrogen Race Car:
Car and Driver reports that Toyota plans to run its GR H2 Racing Concept at Le Mans in 2026. This hydrogen ICE-powered race car could redefine high-performance motorsport and push hydrogen tech into the spotlight.

📊 In This Episode:

• The economics of $4–$6/kg electrolytic hydrogen vs. low-CI alternatives
• Policy uncertainty and its impact on bankability
• Plug Power’s growth and risks
• Toyota’s hydrogen racing ambitions and global FCV implications
• Why infrastructure and low-CI hydrogen are key to market growth

Whether it's the collapse of a major project, a breakthrough deal, or a high-octane showcase, hydrogen's future is being shaped by bold moves and tough challenges.

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