CLEAN HYDROGEN

The document outlines the growth potential of the clean hydrogen market, noting that global demand could exceed 6% of total final energy consumption by 2050. It highlights Canada's competitive advantages in production due to its geology and renewable energy resources, while identifying barriers such as high costs and infrastructure gaps.

• Global demand for low-carbon hydrogen is contingent on technology choices but has the potential to account for more than 6% of total final energy consumption by 2050. Optimistic market valuations place the global market worth between $2.5 trillion and $12 trillion by 2050.
• The global fuel cell market is expected to grow at a compound annual growth rate (CAGR) of 36% from 2021 to 2028, with a projected value of $29 billion by the end of 2028.
• Canada possesses several strategic advantages for hydrogen production, including proximity to the US, expertise, solar and wind potential, low-carbon hydroelectricity in the East, and Western geology suitable for carbon capture, utilization and storage (CCS). However, the domestic market faces slow growth and challenges regarding infrastructure and export costs.
• The international hydrogen market is becoming highly competitive, with 18 economies representing over 75% of global GDP currently developing hydrogen strategies. The EU has committed to creating renewable hydrogen capacity equivalent to China's Three Gorges Dam by 2030.
• Canada is home to Ballard Power Systems, a leading global fuel cell company whose market capitalization grew from $237 million in 2015 to over $7 billion in 2021.

APA

Canadian Climate Institute (n.d.). CLEAN HYDROGEN. https://climatechoices.ca/wp-content/uploads/2021/10/CICC-Clean-hydrogen-Sector-Profile.pdf

Chicago

Canadian Climate Institute. CLEAN HYDROGEN. n.d. https://climatechoices.ca/wp-content/uploads/2021/10/CICC-Clean-hydrogen-Sector-Profile.pdf.

Wikipedia

{{cite report |author=Canadian Climate Institute |title=CLEAN HYDROGEN |url=https://climatechoices.ca/wp-content/uploads/2021/10/CICC-Clean-hydrogen-Sector-Profile.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{canadianclimateinstitutendclean, author = {{Canadian Climate Institute}}, title = {{CLEAN HYDROGEN}}, institution = {Canadian Climate Institute}, url = {https://climatechoices.ca/wp-content/uploads/2021/10/CICC-Clean-hydrogen-Sector-Profile.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }