"Harnessing the potential of hydrogen is a key part of Europe's strategy to achieve climate neutrality by 2050...."
Fatih Birol, Executive Director of the International Energy Agency, added:
"Hydrogen from low-emissions sources can play an important role in clean energy transitions with potential to replace fossil fuels in industries where few clean alternatives exist, like long-haul transport and fertilizer production,"
According to the press release, the joint report is the most comprehensive and up-to-date study of global trends in hydrogen technologies for 2011-2020. Patenting related to hydrogen is led by the EU (28%) and Japan (24%), while the US (20%) is the only major innovation centre to lose ground in the past decade. Within the EU, Germany (11%), France (6%) and the Netherlands (3%) rank first for patenting hydrogen technologies. Among end-use applications, automotive continues to be the biggest focus of innovators. The press release stated that start-ups holding patents attracted more than half of the US$10 billion in venture capital investment into hydrogen-related firms in the last decade.
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