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April 29, 2022updated 03 May 2022 9:14am

Deals relating to hydrogen increased significantly in the offshore industry in H2 2021

Deals relating to hydrogen in the offshore oil and gas industry operations and technologies sector have seen an increase of 200% from H2 2020 to H2 2021, an analysis of GlobalData's deals database reveals.

By Data Journalism Team

In the second half of 2021, the number of deals relating to hydrogen increased significantly by 200% from the same period in 2020. This marks a deceleration in growth from the 466.7% increase in deals that occurred in H1 2021, relative to the same period a year earlier.

GlobalData’s deals database looks at mergers, acquisitions, and venture capital and private equity investments taking place daily between thousands of companies across the world.

During the second half of 2021, deals relating to hydrogen accounted for 1% of all deals taking place in the sector. This represents a decrease from the figure of 6.3% in the second half of 2020.

GlobalData's thematic approach to sector activity seeks to group key company information on investments to see which industries are best placed to deal with any issues they may encounter.

These themes, of which hydrogen is one, are best thought of as "any issue that keeps a CEO awake at night", and by tracking them, it becomes possible to ascertain which companies are leading the way on specific issues and which ones have some work to do.

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