The report authors delve into how geopolitics and hydrogen influence each other, which factors create bonds and power, and how Europe can strategically navigate the maelstrom of interdependencies, technologies, and actors. This is the first major study on the issue, blending academic excellence, industry insights, and policy leadership. At its centre are three novel, disruptive scenarios of the global hydrogen economy until 2040: “Hydrogen Realignment” considers an eastward shift of industry, power, and leadership; “Hydrogen (In)Dependence” depicts Europe pursuing hydrogen self-sufficiency without autarky in raw material supply; and “Hydrogen Imperialism” delves into the dystopian scenario of a militarised hydrogen economy. […]