The global market for clean hydrogen is poised for significant growth, with projections suggesting a remarkable 6.5-fold increase by 2070. Hydrogen is gaining prominence as a key player in the decarbonisation landscape, with an expected contribution of 12% towards this goal. Initiatives such as REPowerEU and the US IRA are driving momentum in the hydrogen sector, though there was a slight deceleration in developments in the previous year, which is expected to persist until 2025 due to factors like high interest rates and the costliness of renewable power generation. Despite these temporary setbacks, major investment bank Goldman Sachs remains optimistic about clean hydrogen's prospects, foreseeing a global electrolyzer capacity exceeding 1100 GW by 2050 and surpassing 3200 GW by 2070. This optimistic outlook is fueled by the increasing interest in hydrogen's properties and the efforts to scale up its supply chain, propelled by the global shift towards decarbonisation and the expansion of low-carbon technologies such as renewables.