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Hydrogen is a versatile energy currency that can be produced from fossil fuels or water and that also occurs naturally in rocks underground. Hydrogen has very low energy density by volume but is extremely energy dense by weight. Although it is currently used primarily as a feedstock for oil refining, chemicals, and fertilizers, hydrogen shows promise as a clean fuel for heavy-duty transportation, steel-making, heating, and energy storage. Hydrogen is often referred to as the “Swiss Army knife of decarbonization”, because it has potential in hard to decarbonize applications; however, it is still nascent and a lot needs to happen (regulatory, tech innovation, infrastructure build-out) before it can contribute to decarbonization.

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