The hydrogen industry is rapidly evolving driving tangible progress despite challenges, as highlighted in our Hydrogen Insights 2024, released earlier this week. In our latest video, our member CEOs share valuable insights on where the global hydrogen industry stands today, paving the way for a cleaner, more resilient future.
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In our Hydrogen Outlook, we lay out some hydrogen trends that we see playing out during 2024.
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A recent journey on the London Underground inspired insights into the evolving hydrogen sector and the significance of the “squiggly” journey.
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To decarbonise the global economy as quickly, effectively and cost efficiently as possible, we need international trade of hydrogen to link sources of cheap renewable energy with areas of high demand. This is the focus of the Council’s brand-new report, Global Hydrogen Flows, released in October.
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Transitioning to clean energy demands significant change, with global hydrogen demand needing to reach 140 MT by 2030 and 660 MT by 2050, up from 90 MT in 20201. Understanding the scale and complexity of this transition remains a challenge despite recognizing its necessity.
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Hydrogen deployment globally is accelerating, evident by over 30 countries releasing hydrogen roadmaps and over 200 large-scale projects announced along the value chain as of early 2021.
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Hydrogen came into 2020 vision last year. More announcements, investments, policy commitments, and communication volume. As we enter a new year, there is a need to further focus the enthusiasm on meaningful next steps on the long road to overhauling our energy systems.
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