Article
Israel’s Hydrogen Sector: An Ecosystem in the Making
In the face of the pressing challenges posed by the climate crisis, with 2023 being the hottest year on record, and with the average global temperature exceeding 1.37°C higher than preindustrial levels, nations and leaders are seeking sustainable solutions to mitigate their environmental impact and decarbonize the economy.
The ability to decarbonize rests on the ability to find sustainable power sources that are clean, efficient, scalable, and that reduce emissions in hard-to-abate sectors.
Hydrogen is a pivotal player in the energy transition, with an increasing recognition of its essential role in aligning economics with the targets set forth in the Paris Agreement.3 These targets aim to limit global temperature increases to “well below” 2°C above pre-industrial levels and making efforts to restrict the increase to 1.5°C above pre-industrial levels, addressing climate change and its negative impacts.
Israel's hydrogen sector is backed by advanced academic research, substantial investments, interest from leading local and foreign investors, and government grants - driving factors that have the potential to position Israel as a frontrunner in hydrogen technologies.
This report focuses on identifying five key applications of hydrogen and its significant environmental and economic potential, highlighting the role of hydrogen in the future energy system. This report also spotlights the blossoming hydrogen ecosystem in Israel and its unique position to impact the global hydrogen ecosystem.
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