Hydrogen 2020: Engaging with Innovation

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 vectorWhat’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. 

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