Hydrogen Market Databook 2025: North America
Both the US and Canada have ambitious plans for their hydrogen sectors
The US Department of Energy (DOE) released the US National Clean Hydrogen Strategy and Roadmap in mid-2023. The initiative builds on the Bipartisan Infrastructure Law passed in November 2021, which allocated more than $60b for the US DOE, including $9.5b to develop a national green hydrogen ecosystem. Approximately nine months later, Congress passed the Inflation Reduction Act (IRA), which provided additional incentives and policies to boost domestic hydrogen production, including new tax credits for hydrogen producers. The US hydrogen roadmap aims to produce 10mt/yr of clean hydrogen by 2030, 20mt/yr by 2040 and up to 50mt/yr by 2050 (see Fig.1). To meet these ambitious goals, the report de
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Significant renewable energy potential is a great advantage for the region, but costs remain prohibitive
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Regional state-owned firms are transforming their strategies and leveraging their resources to position themselves as clean energy powerhouses, and to ensure they maintain influence in a low-carbon world
