2025年全球氢能指南：首批成熟清洁氢能项目的行业进展与经验教训

Global Compass 2025 Industry progress andlessons learned from The calculations in this analysis were conducted based onregulations as formulated in law and drafts as of August 1, 2025.This analysis does not include calculations or hypo–thetical compass.hydrogencouncil.com The Hydrogen Council’s inaugural Global Hydrogen Compassreport builds on five years of detailed reporting in collaborationwith McKinsey & Company via the “Hydrogen Insights” series andexamines where the hydrogen industry stands today, unpacks In this report, renewable hydrogen refers to hydrogen producedfrom renewable energy sources via water electrolysis. Low–carbon hydrogen refers to hydrogen produced with low–emissions technologies with significantly lower greenhouse Representatives from the Hydrogen Council member companieswere instrumental in delivering the report through ensuringproject data is fully up to date, sharing insights around how This includes i) hydrogen produced using natural gas as afeedstock with steam methane reforming (SMR) or autothermalreforming (ATR) coupled with carbon capture and storage(CCS); ii) hydrogen produced through pyrolysis of natural gasinto hydrogen and solid carbon; iii) hydrogen produced through Analysis in this report includes unique qualitative andquantitative insights derived from interactions with over 70Hydrogen Council members gathered through a sentiment surveyand direct conversations with CEOs across the value chain.In the Hydrogen Leaders’ Perspective that opens the report,insights from these interviews and survey results are distilled We recognize the varying national and regional approaches toGHG emissions intensity thresholds or bands and the criteriafor qualifying hydrogen as ‘clean,’ ‘low–carbon,’ ‘renewable,’ While the contents of the report and its abstract implicationsfor the industry generally can be discussed once they have beenprepared, individual strategies remain proprietary, confidential,and the responsibility of each participant. Participants arereminded that, as part of the invariable practice of the Hydrogen Unless otherwise cited, analytical findings in this report arebased on the Hydrogen Council & McKinsey Project & InvestmentTracker – a comprehensive database on clean hydrogen projects The authors of the report confirm that: —There are no recommendations and / or any measures and/or trajectories within the report that could be interpreted asstandards or as any other form of (suggested) coordination The Hydrogen Council is a global CEO–led initiative with a united vision andlong–term ambition for hydrogen to In this report Letter from the Hydrogen Council Co–Chairs ..................................................................................................................................................................Key analytical findings ...........................................................................................................................................................................................................—State of the global hydrogen industry .......................................................................................................................................................................—Progress across leading regions ................................................................................................................................................................................Chapter 1: Hydrogen Industry Leaders’ Perspective ....................................................................................................................................................Chapter 2: Analytical assessment of the state of the industry ...................................................................................................................................—Global project pipeline ...................................................................................................................................................................................................—Supply ................................................................................................................................................................................................................................ivvvvi01050611 Reflecting on industry progress: a letter The first wave of mature clean hydrogen projects is coming online.Today, about $110 billion in committed investment supports morethan 500 projects past final investment decision, in constructionor operation across the globe – up $35 billion in the past yearalone. In just five years, our sector has scaled at a remarkable Demand is our next great test. Roughly 3.6 mtpa of bindingofftake has been secured globally. In key markets such as theEU, US, Japan, and Korea, implementation and enforcement ofexisting policies could enable a total of up to 8 mtpa of cleanhydrogen demand by 2030, although there is still more work But t