The IEA's Global Hydrogen Review 2024 reveals significant progress and challenges in the low-emissions hydrogen industry. The report indicates a positive trend with 20 GW of total electrolyser capacity globally, projected to increase by fivefold by 2030 due to a doubling in projects reaching FID in the past year. However, hurdles such as underutilized factory capacity, regulatory uncertainties, and lack of demand incentives pose threats to the sector. Although hydrogen's potential to reduce emissions in key industries is acknowledged, the current pace of development falls short of meeting climate goals. Global targets for hydrogen production exceed demand targets, requiring accelerated growth at an unprecedented rate to align by 2030. The report underscores the need for expanded infrastructure and policy clarity to support the industry's advancement. Despite challenges, positive signs include increased investor interest, government strategies, and financial commitments aiming to bridge the cost gap between low-emissions hydrogen and fossil fuels. The industry's evolution and success hinge on addressing current obstacles and fostering a conducive environment for growth and innovation.