Wood Mackenzie – Hydrogen 5 Things to Look for in 2025, Dec 2024

The report by Wood Mackenzie "Hydrogen 5 Things to Look for in 2025" explores key trends and developments in the hydrogen market. The report highlights the anticipated increase in blue hydrogen capacity in the United States, driven by policy support and incentives like the 45Q tax credit. The U.S. is expected to remain a leading blue hydrogen producer, with over 1.5 Mtpa of blue capacity reaching FID in 2025. In contrast, green hydrogen faces challenges due to regulatory uncertainties and competition from other sectors. Despite these hurdles, at least one giga-scale green hydrogen project is expected to reach FID in 2025, with emerging economies in LATAM, the Middle East, India, and China leading the way due to their favorable conditions for renewable energy.