We believe hydrogen presents the true opportunity to decarbonize hard-to-abate sectors, providing clean and locally produced energy and flexibility where traditional renewable energy and battery applications cannot.
Why Hydrogen
Hydrogen – Tomorrow’s Energy, Today

Hydrogen is the most abundant element in the universe

Hydrogen solves the intermittency and curtailment issues of renewables

Fuel cell technology enables the decarbonisation of hard-to-abate sectors, with water as its only emission

As fuel cell and hydrogen production scales, a snowball effect will accelerate the energy transition
The Hydrogen Momentum
Drivers of renewed interest in hydrogen
- Stronger global push to limit emissions
- Falling costs of renewables and hydrogen technologies
Indicators of the growing momentum
- Strategic push in national roadmaps
- Industry alliances and media attention
10
Years remaining in the global carbon budget to achieve the 1.5°C goal
80%
Decrease in global average renewable energy prices since 2010
70%
Share of global GDP linked to hydrogen country roadmaps to date
100+
Members of the Hydrogen Council today, up from 13 members in 2017
55x
Growth in electrolysis capacity by 2025 vs. 2015
66
Countries that have announced net-zero emissions as a target by 2050
10m
2030 target deployment of FCEVs announced at the Energy Ministerial in Japan
30+
Major investments announced globally since 2017 in new segments, e.g. heavy duty and rail
Applications of Hydrogen
Hydrogen is a competitive low-carbon alternative



Power generation and grid balancing
Centralized power (including storage) and distributed power (off-grid, backup power)
Fuel for residential and commercial buildings
Including blending into the gas grid and combined heat and power
Transportation Fuel
Including material-handling, light-, and heavy-duty vehicles, captive fleets, rail and marine shipping
Feedstock for Industry
Ammonia, methanol, refineries, steel and long- distance transport such as aviation and marine
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