Green industries are about to be flooded with billions in investments from governments eager to rebound from Covid-19 and fight climate change.

This month, Europe unveiled its hydrogen strategy including:  

• Plans increase production capacity six-fold by 2024 
• Installing 40 gigawatt of electrolysers by 2030, up from 250 megawatt of global capacity today.  

With over 70% share of global GDP linked to hydrogen country roadmaps, hydrogen has made a triumphant return to the frontlines as a critical energy vector. What’s the big deal? Hydrogen can account for 24% of global final energy demand and 5.4 million jobs by 2050, playing a sectoral integration role to support the decarbonisation in industry, transport, power generation and buildings. 

It’s not just governments who are looking at hydrogen to reach 2050 climate goals, corporates are also repositioning to play a role to maintain relevant in a fossil fuel free future. As a result, incumbents are engaging innovators and are actively participating.