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Hydrogen: The start of a new cycle….

Hydrogen: The start of a new cycle….

The French government’s announcement (€7.2bn for the hydrogen industry) closes out a busy cycle of declarations in support of the hydrogen industry. This is the result of a dynamic that has developed over the last 10 years, and heralds the start of a new decisive phase in the coming decade.

The combination of the climate emergency, which is worsening every month, and the economic emergency triggered by the pandemic, provides the hydrogen industry with a unique opportunity to participate fully in the ongoing energy transition.

This time, the progress is clear. In just 10 years, numerous technologies for the production and use of hydrogen in support of the energy transition – whether that be in mobility, industry, or housing – have emerged from the demonstration phase. We have entered the era of mass production; we are working to address issues of reliability and competitiveness; every day we can see the benefits for the consumer, and we can measure the potential for the climate, at the level of a nation or a continent.

Asia, first of all, has made no mistake in this respect. China knows the importance of a strong motor industry inpromoting innovation and growth, and it fully understands that the future revolves around managing and controlling electricity, through batteries or hydrogen. With its neighbours – Japan and South Korea– forerunners in these technologies, with large-scale, long-term subsidy policies and world-leading companies, China currently gives Asia a head-start in the upcoming mobility market race.

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