There is mounting concern over the sustainability of global energy supplies. Among the key drivers are: (i) global warming, ocean surface acidification and air pollution, which imply the need to control and reduce anthropogenic emissions of greenhouse gases, especially emissions from transportation and thermal power stations; (ii) the diminishing reserves of oil and natural gas; (iii) the need for energy security adapted to each country, such as decreasing the dependence on fossil fuel imports (in particular, the vulnerability to volatile oil prices) from regions where there is political or economic instability; (iv) the expected growth in world population with the ever-increasing aspiration for an improved standard-of-living for all, especially in developing and poor nations. Hydrogen is being promoted world-wide as a total panacea for energy problems. As a versatile carrier for storing and transporting energy from any one of a myriad of sources to an electricity generator, it is argued that hydrogen will eventually replace, or at least greatly reduce, the reliance on fossil fuels. Not unexpectedly, the building of a ‘hydrogen economy’ presents great scientific and technological challenges in production, delivery, storage, conversion, and end-use. In addition, there are many policy, regulatory, economic, financial, investment, environmental and safety questions to be addressed. Notwithstanding these obstacles, it is indeed plausible that hydrogen will become increasingly deployed and will compete with traditional systems of energy storage and supply. Moreover, the case for hydrogen will be greatly strengthened if fuel cells, which are the key enabling technology, become more reliable, more durable, and less expensive. This paper examines the prospects for hydrogen as a universal energy-provider and considers the impact that its introduction might have on the present deployment of lead–acid batteries in mobile, stationary and road transportation applications.