Hydrogen investments may be key to global energy competitiveness for U.S.

November 23, 2021

As countries tout their net-zero goals to decarbonize economies and mitigate the impacts of climate change, many in government and industry have assessed what meeting such pledges will take, and hydrogen has emerged as a promising energy solution.

Europeans and Japan view hydrogen as an essential tool to attain their decarbonization goals in the power, transport and heavy industry sectors. Still, they will struggle to meet their projected hydrogen demand if the energy transition scales up. To meet future demand, they will need to import hydrogen from other regions with abundant hydrogen production assets.

This hydrogen supply gap will present the biggest economic opportunity for energy exporters like Russia, Saudi Arabia and Australia. These nations are already centering their decarbonization strategies on the exportation of low- and zero-carbon hydrogen.

The U.S. is currently the pre-eminent global energy leader through its vast natural gas, oil and coal reserves, and nuclear energy technology. To maintain and extend our leadership, the United States must turbocharge its innovative prowess to compete in the energy transition. Hydrogen will be a key pillar.

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