Emerging hydrogen energy technology and global momentum

Green hydrogen is a “power-to-X” business proposition based on selling molecules rather than selling electrons. The financial viability of green hydrogen production depends primarily on electrolyzer costs, local electricity input costs, specific end-use applications, and willingness of hydrogen buyers to commit to long-term offtake agreements. As global electrolyzer manufacturing capacity increases, a virtuous cycle of development may emerge. This paper provides an overview of the emerging hydrogen economy to help decision-makers navigate the green hydrogen value chain, understand what is required for successful implementation, and reap the potential rewards in the energy transition.