Portugal has received investment proposals for €16 billion worth of hydrogen production for industry. Considering that the global hydrogen market is only estimated at a current value of under €100 billion, this level of investment is staggering for a country that only represents an 0.27% share of global GDP. A combination of both geographical and political factors is fast placing Portugal as the dark horse to lead Europe’s early hydrogen economy. In a statement on Sunday, the Portuguese Ministry of Environment and Climate Action released a statement claiming that “74 expressions of interest related to investment projects in the hydrogen industrial sector were received in the market consultation process ended on Friday.” The total investment proposal covered “different strategic areas,…