2025 is set to be a pivotal year for the low-carbon hydrogen and ammonia industries, according to Wood Mackenzie's report. Despite challenges like cost pressures and regulatory complexities, key developments are emerging. The report highlights five critical areas to watch in the coming year. The US is expected to dominate in blue hydrogen investments under a second Trump administration, with a surge in large-scale projects reaching FID. Green hydrogen projects, especially giga-scale ones, are also on the rise, emphasizing the importance of factors like offtaker agreements and regulatory support. Additionally, the report discusses the expansion of Chinese electrolyser exports, the ongoing struggle in aligning project FIDs with offtake contracts, and the increasing investments in low-carbon ammonia. The industry anticipates notable advancements and surprises in 2025 towards greater commercialization and market growth.