Global Hydrogen Review Summary Progress

Production

Low-emissions hydrogen
Mtpa

1.0

0.7

0.7

0.6

50%

growth

since 2021

2021

2022

2023

2024e

Low-emissions hydrogen production from announced projects by 2030
Mtpa

49

37

28

17

14

11

10

10

9

5

GHR 21

GHR 22

GHR 23

GHR 24

2030 NZE

Electrolyser installed capacity
GW

5.2

1.4

9x

growth

since 2021

0.7

0.6

2021

2022

2023

2024e

Announced electrolyser projects by 2030
GW

558

516

420

235

90

GHR 21

GHR 22

GHR 23

GHR 24

2030 NZE

Electrolyser manufacturing capacity
GW/yr

41

25

4x

growth

since 2021

13

9

2021

2022

2023

2024e

Announced electrolyser projects by 2030
GW

179

166

155

107

20

GHR 21

GHR 22

GHR 23

GHR 24

2030 NZE

Policies
Number of hydrogen strategies

82%

60

2021

80%

54

2022

47%

30

2023

22%

23

2024

Share of energy-related CO2 emisions

Investment
Electrolyser installation
Billion USD

7.0

Billion USD

2.9

0.6

0.3

2021

2022

2024

2023

Note: 2024e = Estimated based on announced projects. FID = Final Investment Decision.