Green Hydrogen Market to Hit USD 86 B by 2030 on ME Push

Green hydrogen market surges as Iraq and Jordan accelerate projects, driving global clean energy growth by 2030.

A newly unveiled underground power grid initiative linked to green hydrogen production in Iraq, alongside a fresh renewable energy agreement in Jordan with the European Bank for Reconstruction and Development, has accelerated momentum across the Middle East’s clean energy transition. The developments have sent ripples through the global green hydrogen sector, with latest Next Move Strategy Consulting (NMSC) data projecting the market to reach USD 86 billion by 2030, driven by infrastructure investments and cross-border energy collaborations.

Iraq’s Underground Grid Signals Strategic Hydrogen Shift

According to recent coverage by Iraqi News (April 2026), Iraq is advancing plans to integrate an underground electricity grid with future green hydrogen production capabilities. The initiative is designed to stabilize power supply while laying the groundwork for hydrogen export infrastructure, positioning the country as a potential regional energy hub.

The project reflects a strategic pivot from traditional fossil fuel dependence toward diversified energy systems. By embedding hydrogen readiness into grid infrastructure, Iraq aims to reduce transmission losses and improve long-term scalability for renewable integration.

Mayurima Roy, Analyst at Next Move Strategy Consulting, notes that “embedding hydrogen-compatible infrastructure at the grid level represents a structural shift rather than a pilot initiative. It reduces future capital expenditure while accelerating time-to-market for hydrogen exports.”

Jordan-EBRD MoU Expands Regional Hydrogen Collaboration

Parallel developments in Jordan further reinforce the regional push. As reported by Zawya (April 2026), Jordan signed a memorandum of understanding with the European Bank for Reconstruction and Development to advance renewable energy, storage, and green hydrogen projects.

The agreement focuses on financing frameworks and technical assistance, enabling Jordan to scale solar and wind capacity while integrating hydrogen production into its national energy strategy.

According to NMSC researchers, the Middle East has recorded a 22% quarterly increase in hydrogen-related project announcements since late 2025, largely driven by policy alignment and international financing partnerships.

Market Analysis: Data-Driven Insights

Table 1: Regional Green Hydrogen Market Growth Outlook (2026–2030)

Table 2: Market Share by Key Player Type (2026 Estimate)

Key Market Dynamics (Last 6 Months)

• Surge in sovereign-backed hydrogen infrastructure projects 

• Increased multilateral financing (EBRD, World Bank, etc.) 

• Rising integration of hydrogen into national grid planning 

• Strategic focus on export-oriented hydrogen corridors 

Analyst Perspective: Structural Transformation Underway

“According to the latest NMSC proprietary dataset, the surge is attributed to synchronized policy frameworks and capital inflows into infrastructure-led Green Hydrogen ecosystems,” Mayurima adds. “The Middle East is transitioning from concept-stage projects to execution-scale investments.”

NMSC analysis indicates that countries embedding hydrogen into core energy infrastructure, rather than standalone projects, are likely to dominate export markets by the end of the decade.

What This Means for CEOs & Investors

Prioritize Infrastructure Integration: Invest in grid and storage systems compatible with hydrogen production 

Leverage Public-Private Partnerships: Align with government-backed initiatives for risk mitigation 

Track Regional Policy Shifts: Middle East policies are rapidly shaping global hydrogen supply chains 

Diversify Energy Portfolios: Blend renewables with hydrogen for long-term ROI stability 

Engage Multilateral Financing Bodies: Institutions like EBRD are critical enablers for large-scale deployment 

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