Investment and policy key to meeting hydrogen goals

Significance

Production offers flexibility: hydrogen can be made in multiple locations -- increasing geopolitical diversification -- using renewable electricity, nuclear power and fossil fuels with carbon capture and storage (CCUS).

Impacts

• Hydrogen has emerged as a priority investment area to serve needs such as in heavy industry that renewable energy cannot easily meet.
• Climate change, emerging technologies and the Russia-Ukraine war are combining to speed progress.
• Business models and preferred technologies are still emerging, and costs will have to drop significantly ahead of widespread adoption.