The clean hydrogen industry is at the market activation or pre-commercialisation stage and is enjoying considerable momentum, with the number of projects being announced globally and in Australia rising rapidly.

The number of countries with policies that directly support investment in hydrogen technologies is increasing. In its 2019 report, The Future of Hydrogen, the International Energy Agency identified around 50 targets, mandates and policy incentives in place that directly support hydrogen. This global stocktake has grown in number in the intervening period, including many policy initiatives announced in Australia.