Due to a combination of several different factors, global economies now require investment and development of hydrogen more than at any other time, the Hydrogen Council’s Hydrogen Insights 2022 publication, released late 20 September, said.

“The urgency to invest in mature hydrogen projects today is greater than ever. The rebound of carbon emissions to above pre-COVID levels, the invasion of Ukraine, and the growing concerns around energy security resulting from the war in Europe make one thing clear: our economies need clean [renewable] hydrogen, and action is needed to convert proposals into actual deployment,” the report said.

The report also stated that although hydrogen project investment was continuing to grow at a faster rate than in previous years, deployment was behind, and more was required in order to meet the net zero emissions target by 2050.