Mid-year in review: Revisiting hydrogen trends

The year 2023 has revealed remarkable progress in the world of hydrogen, with significant developments shaping its market. As the energy sector seeks cleaner and more sustainable alternatives, hydrogen has consistently emerged as a promising solution for decarbonizing various industries.

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CLIMATE CH2AMPION: Hydrogen is the missing piece of the energy puzzle

Now is the time to create a new climate of positive change in the world. We don’t want to overcome the Covid-19 crisis, only to be faced with the next one: climate change.

Right now, our governments are investing trillions into the global economic recovery, including the energy systems that will continue to power our lives and our economies into the future. We can choose a more sustainable way of doing things.

For this reason, in 2020, the Hydrogen Council launched CLIMATE CH2AMPION, a campaign to bring together a diverse and inclusive coalition of everyday people who want to learn more about hydrogen as part of the global clean energy transition.

As the world focusses on recovery, we’re using this once-in-a-generation opportunity to raise awareness about hydrogen and its benefits for society with far-reaching effects on our everyday lives, from better air quality and less pollution to cleaner manufacturing, transport and cities.

For more information on CLIMATE CH2AMPION :

  • Visit the website here
  • Follow on Twitter here
  • Follow on Instagram here
  • Watch the Seeking Zero documentary here
  • Complete the Academy here
CLIMATE CH2AMPION: Seeking Zero | Episode One | ⽣き甲斐 (IKIGAI)

New Board to provide leadership through challenging times

Bold leadership is needed in challenging times, and this is more evident now than ever as we navigate the COVID-19 global crisis. While the full scale of its consequences is still hard to predict, it is clear that this will be a defining moment for the energy transition and hydrogen as one of its key components. Whether governments maintain an ambitious stance on climate action as part of their efforts to build a more resilient post-COVID19 world or dilute (or even abandon) their pre-crisis plans in favour of other priorities, will decide the fate of our energy system for at least a generation.

A newly elected Hydrogen Council Board, represented at the highest level by global CEOs, is committed to providing the necessary leadership to demonstrate a powerful vision and decisive action for a better energy future powered by hydrogen. Elected on 19th March 2020, the Hydrogen Council Board consists of:

  • Air Liquide: Chairman and CEO, Benoît Potier
  • Anglo American: Chief Executive, Mark Cutifani
  • China Energy: President and CEO, Liu Guoyue
  • Cummins: Chairman and CEO, Tom Linebarger
  • ENGIE: Executive Vice-President, Gwenaëlle Avice-Huet
  • Faurecia: CEO, Patrick Koller
  • Hyundai Motor Group: Executive Vice Chairman, Euisun Chung
  • Johnson Matthey: Chief Executive, Robert MacLeod
  • Royal Dutch Shell: EVP New Energies, Elisabeth Brinton
  • Sinopec: Vice President and Secretary to the Board of Directors, Wensheng Huang
  • Linde: CEO, Steve Angel
  • Total: CEO, Patrick Pouyanné
  • Toyota: Chairman of the Board of Directors, Takeshi Uchiyamada

Backed by the full Hydrogen Council membership of 80+ world-renowned companies who recognise the massive potential of hydrogen and share the mission to scale up solutions, we stand together ready to accelerate collaboration and contribution during this deeply challenging time.

Despite the hurdles, this is an historic opportunity to bring our current energy systems into a new reality, and we need everyone – businesses, governments, investors and the public – to join forces and help build a more sustainable, secure and resilient energy system, with hydrogen at its core.

We are here to do our part.

Celebrating our 3rd Anniversary by announcing the ‘decade of hydrogen’

Hydrogen Council group picture

On the 3rd anniversary of the Hydrogen Council’s launch at the World Economic Forum in Davos in January 2017, more than 80 CEOs and senior executives gathered in Versailles, France, with a clear purpose: to take stock of the state of the hydrogen economy and set a plan forward to place hydrogen at the core of the energy transition.

Hydrogen is now widely acknowledged as an essential component of a clean and secure energy future. Key governments around the world, representing more than 70% of world GDP, and international expert bodies have identified hydrogen for its real potential to provide a solution to the challenges facing our current energy system. The growing number of deployments, strategies, alliances, and technology developments in wider geographies and sectors demonstrates tangible momentum – as does the growing number of companies joining the Hydrogen Council – from 13 founding members in 2017 to more than 80 today.

Over the past three years, the Hydrogen Council has articulated the substantial benefits that scaling up hydrogen will deliver. We have defined a joint vision to get to mass-market, and – with our newest report ‘Path to Hydrogen Competitiveness: A Cost Perspective’ – shown that the cost of hydrogen solutions is projected to fall more significantly and rapidly than previously expected. Hydrogen solutions can deliver cost competitiveness compared to other clean tech alternatives within a decade in more than 20 key applications, which means hydrogen can be the vector of an economically sound and attainable shift to a clean energy future.

Yet, some key high-potential projects are still to take off; and while some measures and supporting financing tools are in place, many of the projects are lacking the business model to firmly bring the sector to scale. The estimated gap to competitiveness – the amount required to bring hydrogen technologies to parity with incumbents – is around €70 billion[1]. While this figure is sizable, it accounts for less than 5% of annual global spending on energy and, for comparison, support provided to renewables in Germany alone totalled roughly $30 billion in 2019.This funding gap needs to be addressed with appropriate risk mitigation tools and dedicated public private infrastructure funds.

The commitments we have made to advance our shared climate agenda do not leave room for hesitation. We must act now. Hydrogen Council members are ready to move with scale investments, but we cannot do it alone – so this is a call to action. We need governments and investors onboard with us. As we continue this public-private dialogue, the Hydrogen Council has committed to focus on contributing to progress in four key roles:

  1. Ensuring safety is front and centre of the Councils activities, promoting sharing between industries and globally demonstrating quality and reliability.
  2. Continuing to act as a global voice of hydrogen to build greater awareness, recognition and support with all stakeholders and the public;
  3. Providing policymakers who want to make progress with the appropriate regulations that enable industry and investors to act towards a positive energy transformation; and
  4. Bringing together key stakeholders to foster collaboration and help design the needed investment vehicles to unlock the infrastructure bottleneck.

As we stand on the cusp of a major global energy transformation, with these four roles as guiding principles Hydrogen Council members are determined to make this the Decade of Hydrogen. Representing the full hydrogen value chain, our members possess the knowledge and skills required to turn hydrogen into an established part of the future energy mix. Together with the global investor community and governments in key markets, we can capture the benefits of hydrogen, providing energy security and resilience, and helping us to achieve our global climate goals.

Hydrogen Council group picture

Click here for more photos from the event.

[1] Hydrogen Council, ‘Path to Hydrogen Competitiveness: A Cost Perspective’, 2020 rity