The Hydrogen Council's latest analysis reveals a significant growth in the global clean hydrogen project pipeline, with 1,572 projects announced worldwide by May 2024. This surge represents a seven-fold increase since 2020, indicating a maturation of the industry with a strong focus on advancing projects towards execution. Investments in clean hydrogen projects have also shown a substantial increase, reaching $75 billion across 434 projects that have reached FID. The report highlights a shift from project planning to implementation, with a 20% increase in total announced investments through 2030, amounting to $680 billion. The industry is becoming increasingly global, with a notable growth in investments in regions like Latin America, Australia, Africa, and the Middle East. Europe leads in the number of projects and total investments, while regions like North America, Latin America, and Asia also show significant growth. Despite these advancements, challenges such as regulatory uncertainties and rising costs pose hurdles, requiring more investments and a favorable environment for project execution to meet mid-century targets.