In 2024, the rail industry witnessed a significant shift towards sustainable practices, particularly in ESG deals focusing on hydrogen development. California's State Transportation Agency and South Korea's city of Daejeon expanded their hydrogen-powered fleets by integrating Stadler and Hyundai Rotem trains, showcasing a commitment to innovative and eco-friendly transportation solutions. Moreover, the German national railway, DB, initiated a partnership with Lhyfe for green hydrogen supply, marking a crucial step in enhancing the hydrogen ecosystem. In the US, Canadian Pacific Kansas City railroad collaborated with ATCO EnPower to establish hydrogen production and refuelling infrastructures in Alberta, aiming to propel the utilization of hydrogen in commercial transportation. Additionally, battery technology gained momentum with investments in battery-electric trains. Metra in Chicago and MBTA in Boston embraced BEMU technology, emphasizing the transition towards greener public transit. These developments signify a positive outlook for the rail industry, highlighting the growing emphasis on sustainability and innovation.