Hydrogen and its derivatives will play a central role in decarbonization and global trade will be critical for driving uptake. This was the key finding of Global Hydrogen Flows, a joint report of the Hydrogen Council and McKinsey & Company published in 2022. It highlighted the inability of major future hydrogen demand regions, including Europe, Japan, and South Korea, to meet all their demand at affordable costs. Other regions, the report showed, could potentially have excess low-cost supply.
Yet the outlook for hydrogen is far from fixed. The hydrogen industry is constantly adapting to a rapidly evolving regulatory framework, shifts in global policy, geopolitical forces, new technologies, and ongoing learning from project implementation. This 2023 summary report revisits the findings of the 2022 Global Hydrogen Flows report to account for these and other changes—and assesses how global hydrogen trade flows could evolve.
View and download the full report here. Read the press release here.
Hydrogen in Decarbonized Energy Systems is a new report from the Hydrogen Council and Baringa detailing the benefits of incorporating hydrogen in evolving energy systems.
Hydrogen Certification 101 was developed under the Breakthrough Agenda’s Hydrogen Breakthrough priority action H.1 “standards and certification”, coordinated by IPHE and IEA H2 TCP, with support from IRENA and contributions from the Hydrogen Council and the International Power-to-X Hub.