Hydrogen Economy

Seizing today’s opportunities.

Hydrogen economy relies on hydrogen as the commercial fuel that would deliver a substantial fraction of a nation’s energy and services.

Hydrogen is today enjoying unprecedented momentum. The world should not miss this unique chance to make hydrogen an important part of our clean and secure energy future.

Hydrogen can be extracted from fossil fuels and biomass, from water, or from a mix of both. Natural gas is currently the primary source of hydrogen production, accounting for around three-quarters of the annual global dedicated hydrogen production of around 70 million tonnes.

Less than 0.1% of global dedicated hydrogen production today comes from water electrolysis. With declining costs for renewable electricity, in particular from solar PV and wind, there is growing interest in electrolytic hydrogen.

With declining costs for solar PV and wind generation, building electrolyzers at locations with excellent renewable resource conditions could become a low-cost supply option for hydrogen.

The time is right to tap into hydrogen’s potential to play a key role in a clean, secure, and affordable energy future.

Hydrogen is versatile and can help tackle various critical energy challenges.

Clean, widespread use of hydrogen in global energy transitions faces several challenges:

1. Producing hydrogen from low-carbon energy is costly at the moment.

2. Hydrogen is almost entirely supplied from natural gas and coal today

3. The development of hydrogen infrastructure is slow and holding back widespread adoption

4. Regulations currently limit the development of a clean hydrogen industry