The Hydrogen Council’s inaugural Global Hydrogen Compass report builds on five years of detailed reporting in collaboration with McKinsey & Company via the “Hydrogen Insights” series and examines where the hydrogen industry stands today, unpacks lessons learned from the first wave of mature clean hydrogen projects, and explores the impact clean hydrogen can have across the energy sector as the industry navigates the current challenging environment.
Representatives from the Hydrogen Council member companies were instrumental in delivering the report through ensuring project data is fully up to date, sharing insights around how companies are facing challenges and progressing projects, and volunteering to showcase how a representative sample of
projects have come to fruition.
Analysis in this report includes unique qualitative and quantitative insights derived from interactions with over 70 Hydrogen Council members gathered through a sentiment survey and direct conversations with CEOs across the value chain. In the Hydrogen Leaders’ Perspective that opens the report, insights from these interviews and survey results are distilled down into key emerging themes, bringing to light how leaders in the ecosystem are navigating the industry’s opportunities and challenges today. The analytical body of the report that follows examines the state of the project pipeline, the progress of supply projects, the development of firm demand, and lessons learned from the first wave of mature clean hydrogen projects.