The goal of the review series on the H2 economy is to highlight the current status, major issues, and opportunities associated with H2 production, storage, transportation, distribution and usage in various energy sectors. In particular, Part I discussed the various H2 (grey and green) production methods including the futuristic ones such as photoelectrochemical for small, medium, and large-scale applications. Part II of the H2 economy review identifies the developments and challenges in the areas of H2 storage, transportation and distribution with national and international initiatives in the field, all of which suggest a pathway for establishing greener H2 society in the near future. Currently, various methods, comprising physical and chemical routes are being explored with a focus on improving the H2 storage density, capacity, and reducing the cost. H2 transportation methods by road, through pipelines, and via ocean are pursued actively in expanding the market for large scale applications around the world. As of now, compressed H2 and its transportation by road is the most realistic option for the transportation sector.