North America Hydrogen Market Report – 2026

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While North America remains the leading region for active low-carbon hydrogen deployment, it is experiencing strong market headwinds, driven by policy reversals and funding cuts in the US. The region’s ~1.5mtpa of active capacity has been supported by a large industrial base of demand, established CCUS capabilities, and extensive oil and gas infrastructure. The structural advantage is expected to sustain a preference for blue hydrogen, particularly as federal spending cuts in the US continue to constrain green hydrogen development.

North America continues to exhibit the most mature low-carbon hydrogen market, with a significant share of projects advancing to later stages of development. As of year-end 2025, 63% of the region’s forecasted 2030 capacity is held in post-feasibility stages of development However, a growing number of projects stalled in 2025, underscoring the impact of mounting market headwinds. While the 45Q tax credit has been expanded under the OBBBA, incentivizing blue hydrogen, the recent rise in natural gas prices adds volatility to feedstock costs and can erode project economics, even as it may temporarily narrow the cost gap with grey hydrogen. Combined with the structural issues in the low-carbon market, these dynamics have elevated investment risk across all stages of North America’s project pipeline.
Transport remains the dominant end-use industry for low-carbon hydrogen in North America, with approximately 3mtpa of capacity expected to be allocated to this application, based on current project announcements. Synthetic fuels represent another major end-use sector for low-carbon hydrogen in North America. While current production volumes allocated to other sectors are lower, industrial applications such as fertilizers and iron & steel are increasingly becoming priority areas for hydrogen adoption.
Recent hydrogen policy developments in North America have been primarily driven by the US and Canada, with Mexico in the early stages of developing its National Hydrogen Strategy, reflecting an expanding but still uneven low-carbon hydrogen landscape. In the US, federal policy support has weakened over the past year. The One Big Beautiful Bill Act, enacted in July 2025, significantly curtailed hydrogen-related funding by accelerating the phase-out of the 45V tax credits and sunsetting clean vehicle and infrastructure credits, such as the 45W and 30C. In contrast, Canada is strengthening its policy framework for low-carbon hydrogen. Through its Budget 2025, the government expanded support by amending its Clean Hydrogen Investment Tax Credit, aiming to diversify production pathways.

Scope

A snapshot of the low-carbon hydrogen market

Major hydrogen developments in North America in 2025

North America’s hydrogen market in a global context

Key regional projects

Hydrogen competitiveness drivers in North America

Leading countries in North America for low-carbon hydrogen production

Growing role of US states in low-carbon hydrogen production

Key companies and future leaders operating in North America’s hydrogen market

North America’s low-carbon hydrogen capacity scenarios

Intended use sectors for North American hydrogen

Hydrogen policies, strategies, and funding initiatives related to hydrogen in North America

North America hydrogen deals

Key Highlights

While North America accounts for 71% of global active low-carbon hydrogen capacity, US funding rollbacks under the Trump administration are contributing to a contraction in the region’s 2030 outlook, which is down 11% year-on-year.

North America continues to exhibit the most mature low-carbon hydrogen market, with a significant share of projects advancing to later stages of development. As of year-end 2025, 63% of the region’s forecasted 2030 capacity is held in post-feasibility stages of development.

While many U.S. states remain reliant on federal support mechanisms, particularly the regional hydrogen hub program, policy uncertainty under the Trump administration has contributed to a shift toward more state-led development.

This shift is accelerating regional divergence in the hydrogen economy. Texas and Louisiana have emerged as leaders in low-carbon hydrogen capacity. Texas currently accounts for ~2.5mtpa across 49 projects, while Louisiana holds ~2.0mtpa across 19 projects.

Transport remains the dominant end-use industry for low-carbon hydrogen in North America, with approximately 3mtpa of capacity expected to be allocated to this application.

Reasons to Buy

Identify the market trends within the region and key players in hydrogen technologies.

Develop market insight of current, in development and announced capacity and latest trends of the sector.

Understand the region's different scenarios for 2030 based on the likeliness of the projects.

Look at the demand in key application areas for the country.

Facilitate the understanding of how and where the market is growing as it is rapidly scaling up to position as one of the main topics of the international and national agenda.

CF Industries
BW Group
Clean Hydrogen Works
Exxon Mobil
Mitsui OSK Lines
TDL Partners
Bluestar Energy Capital
Bear Head Energy
Bakken Energy
Mitsubishi Heavy Industries
Atco Ltd
Suncor Energy
HIF Global
TransGas Development Systems
Avina Clean Hydrogen
Nutrien
Shell
Air Products and Chemicals
CIP
EverWind Fuels
Infinium
American Airlines
IAG
Duke Energy Corp
Georgia Power Co
Talen Energy Co
Florida Power & Light Co
Mitsubishi Power
Siemens
Shomax
Cleveland-Cliffs
Hyundai
DiagnaMed Holdings
Sumitomo Corp of America
Hy24

Table of Contents

Overview

– Executive Summary

– A snapshot of the low-carbon hydrogen market

– Major hydrogen developments in North America in 2025

Low-Carbon Hydrogen Market

– World’s largest upcoming hydrogen projects

– North America’s largest upcoming hydrogen projects up to 2030

– North America in a global context

– Capacity band analysis of projects in North America

– Hydrogen competitiveness drivers

– North America hydrogen capacity by development stage

– Regional hydrogen capacity by stage and type

– US state-level support for low-carbon hydrogen

– Key players for low-carbon hydrogen in North America

– Hydrogen capacity low-case and high-case scenario

Demand in key application areas

– Intended end-use sectors for North American hydrogen

– Transportation

– Synthetic Fuels

– Power Generation

– Marine Shipping

– Fertilizer

– Iron & Steel

Targets, policies, and funding initiatives

– North American hydrogen policies and funding

– North America hydrogen deals

Table

World's largest upcoming hydrogen projects

North America's largest upcoming hydrogen projects up to 2030

Largest hydrogen-based power plants in the United States by capacity

US hydrogen policies and funding initiatives

Canada and Mexico hydrogen policies and funding intiatives

Figures

North America vs global low-carbon hydrogen capacity by development stage

North American project count by capacity band based on active and announced projects 2026YTD

Breakdown of captive vs merchant projects in North America

Active and upcoming gas and hydrogen pipelines in North America 2026YTD

North America's active and upcoming solar and wind capacity

North American carbon capture capacity

Active and upcoming low-carbon hydrogen capacity in North America by development stage

North American countries' maximum low-carbon hydrogen capacity by development stage

North America countries' maximum hydrogen capacity by plant type

Maximum low-carbon hydrogen capacity by US state

Key players' net capacity share in 2030

Capacity scenarios to 2030

Target end-use sectors for North America low-carbon hydrogen plants

North America's low-carbon hydrogen capacity for transportation by country

North America's low-carbon hydrogen capacity for synthetic fuels by stage

Bank of announced low-carbon hydrogen projects dedicated to synthetic fuels in North America 2026YTD

North American hydrogen capacity dedicated to marine shipping by stage

Breakdown of North America hydrogen capacity by end-product

Fertilizer production in North America by country

North America hydrogen capacity dedicated to fertilizers by country and stage

North American hydrogen capacity dedicated to iron & steel industry by plant type

Map of upcoming steel mill projects under construction in North America 2026YTD

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