Everything Energy The state of play for hydrogen
Jan 23, 2026
José Bermudez, an IEA Energy Technology Analyst specializing in hydrogen, dives into the surge of interest in hydrogen as a key player in the energy landscape. He explains how most hydrogen today is produced with CO2 emissions and the need for low-emissions solutions. Discussing the growth of projects and regional strengths, José reassures that despite some delays, the hydrogen sector is poised for strong production increases by 2030. He highlights the critical role of policy frameworks in scaling this emerging technology.
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Cost Gap Is The Key Barrier
- Cost is the main barrier: fossil-hydrogen can be <$1–$5/kg while electrolysis ranges ~$3–>$10/kg today.
- Falling renewable electricity, technology learning and lower capital costs can narrow that gap over time.
Net Zero Pushed Hydrogen Into Spotlight
- The 2020 net-zero commitments broadened decarbonisation beyond power to industry and transport, raising interest in hydrogen.
- Hydrogen's versatility made it attractive for hard-to-abate sectors and energy security and industrial competitiveness goals.
From Few Demos To 200+ FIDs
- In 2020 there were only a handful of demo projects, but now hundreds of announcements followed and over 200 projects reached final investment decisions.
- This rapid pipeline growth illustrates private-sector interest despite later project attrition.