The hydrogen economy is facing challenges in its growth trajectory, with demand not meeting earlier projections despite industries' energy transition plans. GlobalData anticipates a crucial phase for the hydrogen economy's development, highlighting the role of low-carbon hydrogen in decarbonising energy-intensive sectors. The report indicates that most of the low-carbon hydrogen capacity set to come online by 2030 will be from green hydrogen projects, emphasizing the importance of this clean energy source. Ravindra Puranik from GlobalData emphasizes the significance of low-carbon hydrogen in reducing emissions across various industries and its potential in the transportation sector. While blue and green hydrogen projects show promise for oil and gas companies in their energy transition strategies, the need for a robust hydrogen distribution network, including new pipelines, is noted as crucial. The current momentum in low-carbon hydrogen projects indicates a shift towards a more sustainable energy future, with companies increasingly investing in hydrogen production. Despite the challenges, the hydrogen economy holds promise for decarbonisation efforts and energy transition goals.