- Hydrogen is a versatile energy carrier with applications across various sectors, including transportation, industrial processes, power generation, and chemical production. It plays a critical role in decarbonization efforts and the transition to clean energy. Hydrogen is increasingly being used as a fuel for fuel cell vehicles, a feedstock in the production of ammonia and methanol, and a clean energy solution for heavy industries
- The demand for hydrogen is significantly driven by the global push towards reducing carbon emissions, energy transition goals, and advancements in hydrogen production technologies like electrolysis and green hydrogen. The transportation sector, particularly the shift towards hydrogen fuel cell vehicles, is a key growth driver
- Europe and Asia-Pacific stand out as dominant regions for hydrogen production and utilization, with significant investments in infrastructure and technology development. In particular, countries like Germany, Japan, and South Korea are leading the way in hydrogen adoption, supported by government policies and sustainability initiatives
- For instance, Germany's National Hydrogen Strategy, launched in 2020, is a major initiative aimed at making the country a global leader in green hydrogen production, with plans for a large-scale hydrogen infrastructure. Similarly, Japan has been investing heavily in hydrogen-powered vehicles and fuel cell technology, aiming to reduce its reliance on fossil fuels
- Globally, hydrogen is emerging as one of the key pillars in the energy transition, with its potential to decarbonize various sectors. It is expected to play a vital role in achieving net-zero emissions goals, particularly in industries that are hard to electrify, such as steel, chemicals, and heavy-duty transportation
