In a recent review of the global hydrogen energy industry, significant developments have emerged across various regions and sectors, indicating a positive outlook for the industry's growth and sustainability. Several countries, including China, the EU, the US, and Japan, have introduced supportive policies and initiatives to boost the adoption of hydrogen technologies. China implemented its third batch of subsidy policies, expanding support for fuel cell vehicles and green hydrogen production. The EU amended its Hydrogen Act to set carbon intensity standards for imported hydrogen and allocated funds for domestic electrolyzer manufacturing. In the US, the Department of Energy launched a substantial funding program for green hydrogen projects, focusing on R&D in renewable power-to-hydrogen technologies. Japan unveiled an Ammonia Energy Strategy, highlighting ammonia as a key hydrogen carrier for future development. On the corporate front, industry leaders such as Toyota, Plug Power, and Cummins made significant strides in expanding green hydrogen production capacity and enhancing technological efficiency. Toyota introduced a groundbreaking liquid hydrogen system for commercial vehicles, while Plug Power invested in a massive electrolyzer production line expansion in the US. Technological advancements from companies like ITM Power and research institutions have also played a crucial role in lowering production costs and improving efficiency in hydrogen production and storage. Moreover, international collaborations between key players in the energy sector, such as China Energy Group, CATL, Sinopec, and Saudi Aramco, have led to the launch of ambitious projects focused on refining, hydrogen production, and energy integration. These collaborations are essential for scaling up green hydrogen production and fostering a sustainable global energy transition. Overall, the industry's rapid progress in policy support, corporate investments, technological advancements, and collaborative efforts signifies a promising future for hydrogen as a clean and efficient energy source.