In 2024, there has been a notable increase in final investment decisions (FIDs) globally, with major players like bp and Shell leading the way in allocating funds to clean hydrogen projects. However, despite this positive momentum, the hydrogen industry still faces challenges in fully realizing its potential, particularly in the execution of large-scale projects that are falling behind schedule. The success and viability of hydrogen initiatives rely heavily on securing financial backing, implementing effective risk mitigation strategies, and ensuring alignment with prevailing market dynamics and policy directions. The Hydrogen Council's latest report, Hydrogen Insights, underscores the growth in FIDs for clean hydrogen initiatives, indicating a substantial 90% surge since October 2023. This surge has seen a total of 434 projects reaching the FID stage, demonstrating an increasing interest and confidence in hydrogen as a sustainable energy solution. The report emphasizes the importance of continued support and strategic planning to facilitate the development and implementation of these projects. Key industry insights from the report highlight the critical factors that underpin the bankability of hydrogen projects, emphasizing the need for comprehensive financial support structures, robust risk management protocols, and alignment with evolving market dynamics and policy frameworks. As industry giants like bp and Shell continue to make significant investments in clean hydrogen ventures, it signals a positive shift towards a more sustainable energy landscape, albeit with persistent challenges that require collective efforts to overcome.