Transforming into a hydrogen economy nation
Malaysia is shaping itself to be a prominent player in the green hydrogen economy. It sees fuel-cell vehicles and gas-fired power plants as a good platform to build up its own domestic demand for green hydrogen. The two sectors are anticipated to push annual demand to 30.5TWh and 68.2TWh in 2041 and 2050, respectively. Under the Hydrogen Economy and Technology Roadmap (HETR), released in October 2023 as a supporting strategy to the National Energy Policy 2022-2024, Malaysia is seen emerging as a leading hydrogen economy nation with projected revenues of more than RM400 billion by 2050. This is due to