Driving Clean Hydrogen Momentum: 2024 Milestones and Future Outlook
Key Ideas
  • Private-sector investments in clean hydrogen technologies saw significant growth in 2024, with a 25-fold increase in electrolyzer installations and over $40 billion in private investment in Regional Clean Hydrogen Hubs.
  • DOE's collaboration with the hydrogen and fuel cell industry across 24 states is set to enable a substantial annual production capacity for electrolyzers and fuel cells, creating thousands of direct and indirect jobs.
  • With investments in market barriers, financing commitments for manufacturing facilities, and strategic partnerships, the U.S. is poised to become a global leader in clean hydrogen production and innovation.
  • DOE's continued leadership, research initiatives, and interagency collaborations, including the Hydrogen Interagency Task Force, demonstrate a strong commitment to driving the clean hydrogen agenda forward in 2025 and beyond.
In 2024, momentum for clean hydrogen continued to grow both in the United States and globally, with the U.S. Department of Energy (DOE) playing a pivotal role in driving down costs, increasing scale, and enhancing the performance of key technologies. Private-sector investments surged, marking a 25-fold increase in electrolyzer installations and over $40 billion of private funding in Regional Clean Hydrogen Hubs. These investments also included over $2.9 billion in new manufacturing facilities for electrolyzers, fuel cells, and components. The collaboration between America's hydrogen industry and DOE led to the initiation of 52 projects in 24 states, aiming to establish a substantial production capacity for electrolyzers and fuel cells, resulting in the creation of numerous direct and indirect jobs. Moreover, DOE's strategic investments targeted breaking down market barriers, securing financing commitments for manufacturing facilities, and fostering partnerships to position the U.S. as a global leader in clean hydrogen. The agency's efforts included support for the launch of five H2Hubs, which will generate tens of thousands of jobs and establish integrated clean hydrogen production and utilization networks. Additionally, DOE's involvement in interagency collaborations, such as the Hydrogen Interagency Task Force, showcased a comprehensive approach towards advancing the clean hydrogen agenda. Looking ahead, DOE's plans for 2025 and beyond indicate a continued focus on driving clean hydrogen innovation, research, and market commercialization to solidify the U.S.'s position as a key player in the global clean energy landscape.
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