This year, many countries have launched projects to accelerate hydrogen as a medium for energy storage and transport. What are some of the highlights of these efforts?
Governments are recognizing the important role hydrogen can play in national emission reduction strategies. They also seek to capture the economic benefits of large-scale hydrogen production and utilization, focusing initially on the most financially viable options for their particular regions. Europe’s strategy is focused on reaching 40GW of renewable hydrogen capacity by 2030; Australia’s A$300 million ($222.5 million) Advancing Hydrogen Fund is among the world’s largest government commitments and has a broad scope; the Japanese government is prioritizing transport and supply chain solutions; and Chile plans to begin building 5GW of electrolysis capacity by 2025, a critical step towards its goal of becoming a top-three hydrogen exporter by 2040. Long-term trend signals QIC has taken not