Why Hydrogen

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.

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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