Unlocking America's Energy Leadership: The Role of Hydrogen in Market Growth
Key Ideas
- Hydrogen is seen as a strategic opportunity for the US to enhance its industrial base, energy security, and global leadership.
- The report highlights challenges faced by the US hydrogen industry including weak domestic demand and fragmented policies.
- Case studies in the report illustrate early successes in sectors like exports, on-road mobility, aviation, steel, and maritime shipping.
- Recommendations for policy makers include retaining federal incentives, promoting export market development, and strengthening infrastructure support.
The report delves into the crucial role hydrogen can play in maintaining America's energy leadership by expanding the industrial base, enhancing energy security, and solidifying global leadership. While acknowledging progress, it emphasizes the challenges hindering the growth of the US hydrogen market such as fragmented policies and economic obstacles in various sectors. Case studies on hydrogen applications in exports, mobility, aviation, steel, and shipping showcase initial successes and the need for further market development. The report suggests actions for policymakers to boost hydrogen investments, including retaining current federal incentives, focusing on export market expansion, enhancing demand-side incentives, and improving infrastructure policies. Sponsored by Breakthrough Energy, the report underlines the significance of hydrogen in shaping America's energy future.
Topics
South America
Policy
Infrastructure
Investment
Energy
Global Leadership
Market Growth
Economic Opportunity
Industrial Base
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