The European Bank for Reconstruction and Development (EBRD) has announced its partnership with Azerbaijan to assist in implementing the National Hydrogen Strategy. Azerbaijan's strategic location with renewable energy resources in the Caspian Sea and East Azerbaijan, combined with access to natural gas reserves, positions it favorably for developing both green and blue hydrogen initiatives. By leveraging wind and solar energy sources, the country aims to produce cost-competitive hydrogen, potentially rivaling EU countries. The EBRD highlights the potential for hydrogen export and domestic consumption, emphasizing the role of hydrogen in decarbonizing industries and supporting national decarbonization goals. The collaboration aims to provide necessary support for Azerbaijan to plan regulatory and policy actions to achieve its hydrogen sector potential, as outlined in the COP-29 hydrogen strategy. The Southern Gas Corridor is identified as a key pathway for exporting hydrogen to Europe, requiring collaboration among regional stakeholders. Azerbaijan's commitment to reducing greenhouse gas emissions through its Nationally Determined Contributions and Low Carbon Development Strategy further reinforces its dedication to the hydrogen economy. By establishing a national roadmap and making strategic investments, Azerbaijan is poised to become a significant player in the global hydrogen market.