Hydrogen is currently mainly produced and consumed at the same location, in industrial facilities. By 2050, net zero scenarios estimate that 25% of hydrogen could be globally traded by 2050. Over $100 billion may be required per year by developing countries between now and 2030 for hydrogen production, transport and use. What is the weighted cost of capital (WACC) for clean hydrogen projects? How does it stake up against mature low-carbon projects in terms of financing cost.