In 2024, the clean hydrogen industry witnessed a shift towards realism and project implementation, setting the stage for a positive outlook in 2025. With a focus on reducing regulatory uncertainty and enhancing public support mechanisms, the industry is poised to attract more private financing and drive the implementation of new projects. Key areas to monitor include the post-2025 elections German clean hydrogen policy, US policy and LNG developments, and the progress of major projects like Shell's REFYNE II and Uniper's Wilhelmshaven project. These factors will greatly influence the trajectory of the hydrogen industry, indicating potential growth opportunities and obstacles. As the industry transitions from planning to execution, close observation of project advancements and government strategies will be crucial in determining the future landscape of the hydrogen market.