Jorgo Chatzimarkakis, CEO of Hydrogen Europe, emphasizes the importance of Europe being competitive in the development of electrolyser technology to retain its leadership in the global hydrogen industry. The International Energy Agency's Global Hydrogen Review 2024 report projects the total installed water electrolyser capacity to reach 5 GW by the end of 2024. However, China dominated new capacity in 2023, with Europe lagging at 12%. To address this, Europe needs to focus on justifying the green premium of its products through innovation and efficiency, rather than competing solely on price. The European Union aims to bolster its competitiveness through the Green Deal Industrial Plan (GDIP), which simplifies regulations, increases state aid, and establishes world-leading standards for net zero technologies manufactured in Europe. Initiatives like the Net Zero Industry Act and Critical Raw Materials Act are crucial in preserving manufacturing capacity and securing resources. The EU also plans to promote electrolyser innovation and diversification of hydrogen production pathways to strengthen resilience across the entire industry. By taking proactive measures and advancing electrolyser technology, Europe can secure a prosperous future in the hydrogen economy.