Global Hydrogen Compass 2026 Report Released

According to the Global Hydrogen Compass 2026 report prepared by the Hydrogen Council, the basic motivations shaping hydrogen investments vary by geography.

The role of hydrogen in the energy transition is gaining an increasingly strategic dimension, with the goals of energy supply security, system resilience and industrial growth, as well as decarbonisation.

More than 60 percent of the committed investments will be concentrated in areas such as energy security, economic growth and decarbonization.

According to the report, the amount of investment committed to date in the field of clean hydrogen has increased to 130 billion dollars as of September. The total committed capacity reached 6.9 million tons annually. More than 570 projects are being worked on to reach this capacity. Approximately 90 percent of the projects are under construction or in operation.

THE IMPORTANCE OF HYDROGEN TECHNOLOGIES IN THE ELECTRICAL INDUSTRY WILL INCREASE

The report states that clean hydrogen and hydrogen derivative production on a local scale can contribute to countries dependent on energy and raw material imports to diversify their supply sources and create strategic reserves.

It is noted that such solutions can reduce supply chain and critical mineral dependencies by creating alternative supply sources for agriculture and industry, while also making food and fuel systems more resilient to price increases and supply shortages.

Pointing out that approximately 34 percent of the world's electricity production is provided by renewable sources, the report pointed out the importance of hydrogen technologies that provide flexibility on the demand side, such as electrolyzers and fuel cells, in the integration of renewable energy into the system.

It was stated that hydrogen could also provide cost advantages as it became widespread in the electricity sector.