EXECUTIVE SUMMARY Hydrogen, a key to the transition challenge Never has The Case For Hydrogen been so crucial. In 2021, Ardian started to gather and initiate debates between leading experts in the areas of policy, technology, and investment, and continues to actively bolster action among a global community of committed stakeholders. In June 2021, Ardian brought together infrastructure industry They emphasize the need for cooperative action and explain and business leaders to identify the opportunities and remaining in detail how governments and corporate actors have already challenges to scale-up the hydrogen economy and secure a path proposed bold, coherent, and credible visions for the hydrogen for earth’s future as a comfortably habitable home for humankind. economy, and expose the ways in which those various visions The energy crisis we are experiencing today makes their are very much aligned. conclusions and calls for decisive action even more essential, as hydrogen can play a key role in reducing our dependency on MOVING AHEAD fossil fuels. Their messages coincide and are a prerequisite to In this section, we hear from experts on Moving Ahead with meet the 2030 and 2050 pledges and commitments: the establishment and consolidation of the hydrogen economy. •Public authorities and private actors must put in place the Contributors to this section are: necessary regulatory and financial frameworks. The latter will Fabio Ferrari, Cofounder of fuel-cell manufacturer Symbio and provide visibility, stability and benefits to investors to scale-up CEO of aDryada. the whole hydrogen value chain. Bernard Frois, renowned physicist and former Director of Energy, •We need international cooperation on technology, standards, Transport, Environment and Natural Resources at the French mass-scale production, transport and distribution, and usage. Ministry of Research. Daryl Wilson, Executive Director of the Hydrogen Council. PERSPECTIVES Noé van Hulst, Chair of the International Partnership of Hydrogen This opening section, Perspectives, introduces some of the current & Fuel Cells in the Economy. hydrogen proponents with significant influence and impact: This section describes the risks facing investors in hydrogen Ernest J. Moniz, 13thSecretary of the US Department of Energy. infrastructure projects, and their associated mitigators at the outset FatihBirol, Executive Director of the International Energy Agency. of the global hydrogen economy. The need for international Klaus Bonhoff, Director General of Germany’s Federal Ministry cooperation is further put forward as hydrogen moves mainstream for Transport and Digital Infrastructure. as an essential solution for a decarbonized future. This is Stefan Dohler, CEO, & Urban Keussen, CTO of German utility EWE. embodied for instance by more than 350 hydrogen projects to MartinMugica, President & CEO of America’s Skyline Renewables. be delivered by companies and governments, representing more MusabbehAl Kaabi, CEO of Mubadala’s UAE Investments Platform. than $500 billion of investment through 2030. 10