The global hydrogen industry is rapidly advancing, and America is well positioned to expand its global energy leadership of hydrogen technologies and commodities. America boasts the strong resource fundamentals, downstream markets, and emergent manufacturing base required to support the market. Its strength of supply-side policies has spurred initial momentum across project developers, but domestic demand remains weak. Project momentum from the current set of financeable projects will not expand accessible offtake, facilitate infrastructure development, or derisk investments at the speed nor scale required to remain competitive.
America faces a choice: it can provide the support needed to build a competitive hydrogen market or risk falling behind international competitors as global markets continue to advance. Early policy measures have spurred investment interest, and retaining this support is essential upon its strong foundation. However, realizing and sustaining market creation requires a more holistic approach that balances supply incentives with robust demand creation and infrastructure development.
This report “Hydrogen: Made in America, for America” by RMI demonstrates why hydrogen is strategic for America to maintain its energy leadership as the global race to attract investments intensifies. It examines the current investment landscape, outlining project drivers and market barriers – including cost premiums and project risks – with case studies in exports, on-road mobility, aviation, steel, and maritime shipping. It offers policy options that can strengthen demand and derisk infrastructure development, illustrating the pathway to unleash widespread investments, promote domestic industrial growth, and solidify energy leadership.
Access the report here
