North America Leading the Way in Low-Carbon Hydrogen Production
Key Ideas
  • North America holds a dominant position in the global hydrogen market, with over 75% of active capacity and significant upcoming capacity.
  • Canada's Spirit of Scotia project leads with 43mtpa capacity, making it the largest low-carbon hydrogen project globally.
  • Policy movements in the United States and Canada are boosting the economic viability of hydrogen production, with increased activity and support.
  • Transportation remains key, with up to 43mtpa planned for the sector, while industries like iron & steel are increasingly focusing on hydrogen adoption.
The North America Hydrogen Market Report highlights the region's strong position in the global hydrogen market. Currently holding over 75% of active capacity and significant upcoming capacity, North America stands out. Canada's Spirit of Scotia project leads the way with 43mtpa capacity, positioning the country at the forefront of low-carbon hydrogen production. The United States follows with 10mtpa capacity across active and upcoming projects. Despite Mexico's slower progress, the region will continue to be a significant player. Transportation is the main end-use sector, with up to 43mtpa capacity planned for this segment. The support from policies like the Inflation Reduction Act and Canada's Clean Technology Investment Tax credit is enhancing the economic feasibility of hydrogen production. Despite facing competition from battery electric vehicles, initiatives within heavy transport sectors like buses and trucks are active in both Canada and the United States. Other industries such as iron & steel are also showing interest in hydrogen adoption. In a low-case scenario, North America's hydrogen capacity is projected to reach 24.3mtpa by 2030. The report covers key projects, companies, end-use sectors, policies, and deals in North America's hydrogen market, providing a comprehensive overview of the region's position in the global hydrogen landscape.
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