The IEA's Global Hydrogen Review 2024 underscores the transformative potential of hydrogen as a clean energy carrier but warns about the slow pace of progress towards net-zero emissions by 2050. The report coincides with a crucial time in U.S. energy policy, highlighting the upcoming introduction of the country's first major hydrogen production market incentive in 2025. Despite incentives such as the Inflation Reduction Act, challenges like workforce shortages, infrastructure gaps, and limited tax incentives continue to impede the widespread adoption of hydrogen. The demand for hydrogen remains concentrated in traditional sectors, hindering its expansion into new applications like heavy industry and long-distance transport. On the production side, electrolyzer capacity is growing but costs are rising, posing a challenge to the competitiveness of green hydrogen compared to blue hydrogen. The slow-moving project pipeline further complicates the scaling of hydrogen production, necessitating an urgent focus on advancing existing projects. To overcome these barriers, the industry needs to align incentives, address infrastructure gaps, and accelerate project development. By fostering a holistic approach that balances both supply-side and demand-side support, the potential of hydrogen as a key player in the transition to a sustainable energy future can be fully realized.