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Global hydrogen industry surpasses USD 110 billion in committed investment as 500+ projects worldwide reach maturity
On the supply side, total committed capacity now exceeds 6 million tonnes per year (mtpa), including 1 mtpa already in operation. After accounting for delays and expected attrition, the current project pipeline could support up to 9-14 mtpa of clean hydrogen capacity by 2030, but requires demand to materialize, and unlocking it is the next big challenge. On the demand side, about 3.6 mtpa of binding offtake has been secured. As policy clarity emerges in key markets such as the EU, US, Japan , and Korea, up to 8 mtpa of clean hydrogen demand could materialize by 2030.
China is leading the world in total committed investments ( USD 33 billion ) and renewable hydrogen production (over 50% of global renewable capacity), followed by North America ( USD 23 billion ), which is also home to 85 % of global low-carbon hydrogen production. Europe ranks third in committed investment ( USD 19 billion ), while accounting for nearly two thirds of expected 2030 global demand.
The builds on the Hydrogen Council's series, first launched in 2021, to offer a clear, fact-based view of the state of the global hydrogen industry. For the first time, the publication combines comprehensive industry data with direct perspectives from global CEOs and lessons learned from some of the world's most significant hydrogen projects. It sends a message of confidence, clarity and urgency from industry leaders: despite a challenging environment, the majority of surveyed CEOs report stable or increased investment appetite over the last two years (74%), believe that hydrogen will be a critical decarbonization solution for hard-to-abate sectors (97%) as well as across the broader economy (65%), and expect industry growth to continue (83%).
, said: "The Global Hydrogen Compass sends a strong message: our industry has entered the next chapter of build-out, moving from ambition to delivery. With more than 500 projects advancing past FID and investment commitments now exceeding USD 110 billion , a USD 35 billion increase from last year, we are seeing tangible proof of progress. This milestone also reminds us of the work ahead. To sustain this momentum and fully unlock hydrogen's potential, consistent policy support and effective execution are essential in accelerating a clean, resilient and secure energy future."
, said: "The industry has made strong progress over the past five years, demonstrating its ability to innovate and scale. The report shows we are now at a pivotal juncture: accelerating market creation and securing binding offtake agreements must become the priority to ensure today's projects deliver real impact. Achieving this will require stronger collaboration between business and government to build the frameworks and partnerships essential for progress. By aligning our efforts, we can unlock the full potential of hydrogen to meet the challenges ahead."
, said: "Bringing together direct perspectives from global CEOs, robust industry data, and insights from some of the world's key hydrogen projects, our inaugural report shows the industry's steady growth trajectory over the last five years and provides the clarity and confidence businesses, investors, and policymakers need as we enter the next phase of build-out."
The is the Hydrogen Council's new annual publication tracking the progress and priorities of the global hydrogen industry. Building on the Council's series launched in 2021, it offers a clear, data-driven view of the sector's evolution. Authored by the Hydrogen Council in collaboration with McKinsey & Company, the report combines comprehensive industry data with proprietary insights from Hydrogen Council members, direct perspectives from global CEO leaders, and lessons learned from key hydrogen projects worldwide.
Visit compass.hydrogencouncil.com for an interactive user experience, and access to key insights, dynamic dashboards and global maps.
The Hydrogen Council is a global CEO-led initiative with a united vision and long-term ambition for hydrogen to accelerate the energy transition. It brings together some 140 companies from 20+ countries across the Americas, Europe , Africa , the Middle East and Asia Pacific .
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