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ASIAN DEVELOPMENT BANKADB SUSTAINABLE DEVELOPMENT WORKING PAPER SERIESNO. 96September 2024EMERGING HYDROGEN ENERGY TECHNOLOGY AND GLOBAL MOMENTUMDan Millison and Kee-Yung NamASIAN DEVELOPMENT BANKThe ADB Sustainable Development Working Paper Series presents data from ongoing research to encourage exchange of ideas and elicit comment and feedback about development issues in Asia and the Pacific. The views expressed are those of the authors and do not necessarily reflect the views and policies of ADB or its Board of Governorsor the governments they represent.ADB Sustainable Development Working Paper SeriesEmerging Hydrogen Energy Technology and Global MomentumDan Millison and Kee-Yung NamNo. 96 | September 2024Dan Millison is a consultant for the Energy Sector Office, supporting Asian Development Bank (ADB) programs for innovative technology and business models in energy sector and climate change operations. He has more than 35 years of professional experience, including more than 20 years working on clean energy and climate change financing.Kee-Yung Nam is principal energy economist in the Energy Sector Group (SG-ENE), Sectors Group of ADB, where he conceptualizes development of ADB’s energy sector strategies and policies, and advises in the formulation of the energy sector lending and non-lending pipeline of projects. He is also responsible for the Energy Sector Trust Funds and undertakes analysis and assessment of key energy sector issues particularly in clean energy technologies. Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO)© 2024 Asian Development Bank 6 ADB Avenue, Mandaluyong City, 1550 Metro Manila, Philippines Tel +63 2 8632 4444; Fax +63 2 8636 2444 www.adb.orgSome rights reserved. Published in 2024.ISSN 2789-0619 (print), 2789-0627 (PDF) Publication Stock No. WPS240403-2 DOI: http://dx.doi.org/10.22617/WPS240403-2The views expressed in this publication are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent.ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. The mention of specific companies or products of manufacturers does not imply that they are endorsed or recommended by ADB in preference to others of a similar nature that are not mentioned.By making any designation of or reference to a particular territory or geographic area in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area.This publication is available under the Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO) https://creativecommons.org/licenses/by/3.0/igo/. By using the content of this publication, you agree to be bound by the terms of this license. For attribution, translations, adaptations, and permissions, please read the provisions and terms of use at https://www.adb.org/terms