Hydrogen Council
The Hydrogen Council is a global initiative of leading energy, transport and industry companies with a united vision and long-term ambition for hydrogen to foster the energy transition.
Launched at the World Economic Forum 2017, in Davos, the growing coalition of CEOs have the ambition to:
• Accelerate their significant investment in the development and commercialization of the hydrogen and fuel cell sectors.
• Encourage key stakeholders to increase their backing of hydrogen as part of the future energy mix with appropriate policies and supporting schemes.
In the first global initiative of its kind, the Hydrogen Council is determined to position hydrogen among the key solutions of the energy transition. The Council works with, and provides recommendations to, several key stakeholders such as policy makers, investors, international agencies and civil society to achieve these goals.
Hydrogen is a versatile, clean, and safe energy carrier that can be used as fuel for power or in industry as feedstock. It generates zero emissions at point of use when produced from (renewable) electricity or from decarbonised fossil fuels. Its high energy density makes it particularly suitable for energy storage – critical for integration of renewables.
Hydrogen products have progressed massively in recent years and their global market introduction is now accelerating rapidly thanks to growing investment in new large-scale projects, mounting consumer interest and political backing. Players along the value chain are ready to take hydrogen to the next level, which presents a substantial economic and investment opportunity.
As a group of CEOs of leading global businesses, the Hydrogen Council invites policy-makers, investors and civil society stakeholders to acknowledge the contribution and potential of hydrogen as a key element of the energy transition. Together, we seek to define and implement a specific action plan with appropriate supporting tools that will help accelerate major investment into the large-scale commercialization of hydrogen solutions across industries world-wide.
If we want to deliver on our common vision, the time to act is now.