Hydrogen McKinseyCouncil&CompanyHydrogen for Net-ZeroA critical cost-competitive energy vectorNovember 2021Published in November 2021 by the Hydrogen Council.Copies of this document are availableupon request or can be downloaded from our website:www.hydrogencouncil.comThis report was authored by the Hydrogen Council in collaboration with McKinsey Company.The authors of the report confirm that1.There are no recommendations and /or any measures and or trajectories within the reportthat could be interpreted as standards or as any other form of (suggested)coordination betweenthe participants of the study referred to within the report that would infringe the EU competitionlaw;and2 It is not their intention that any such form of coordination will be adopted.Whilst the contents of the Report and its abstract implications for the industry generally can bediscussed once they have been prepared,individual strategies remain proprietary,confidentialand the responsibility of each participant.Participants are reminded that,as part of theinvariable practice of the Hydrogen Council and the EU competition law obligations to whichshared or coordinated-including as part of this Report.2Hydrogen for Net-ZeroHydrogen Council,McKinsey Company