Industrial gas major Linde remains confident in its ability to deliver $8-10 billion worth of clean energy projects in the coming years, primarily focusing on blue hydrogen projects. The company's CEO, Sanjiv Lamba, indicated during the Q1 2025 earnings call that Linde is halfway through its near-term project pipeline, with ongoing major projects and potential expansions in the Middle East and Europe. While Linde initially announced a $50 billion clean energy opportunity, the current focus is on blue hydrogen, as green hydrogen is still years away from commercial scale due to cost considerations. The company is leveraging the US 45Q tax credits ($85 per tonne of captured CO2) to drive the economics of its blue hydrogen projects. Lamba emphasized the need for cost-effective renewable electricity to pursue green hydrogen projects, aiming for significant reductions in capital intensity. Linde plans to scale existing blue hydrogen projects through additional trains and explore new opportunities in Europe and the Middle East. The company's strategy aligns with capturing opportunities in the clean energy market and maintaining a balance between blue and green hydrogen projects.