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If using dried chickpeas, place them in large bowl and cover with enough water to cover two times over. Soak overnight; drain and rinse. In large pot, combine chickpeas and enough water to just cover; cook until tender and falling apart, about 2 hours. Drain cooked chickpeas and reserve and chill ¼ cup cooking water (aquafaba) for use later. Let chickpeas cool to room temperature. (Note: If using canned chickpeas, skip this step.)
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In pot over medium heat, heat olive oil, add onion and slowly cook, stirring occasionally, until soft and sweet, at least 20 minutes, to caramelize.
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To pot with caramelized onion, add roasted red peppers and tomato paste, heat for 5 minutes.
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Into blender or food processor, pour in onion-red pepper mixture and puree. Set aside.
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If using canned chickpeas, drain, but reserve and chill ¼ cup liquid (aquafaba) from can.
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In food processor, blend chickpeas, tahini paste, garlic, cumin, smoked paprika, salt, red pepper puree and lemon juice until smooth.
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While food processor is running, slowly drizzle in chilled aquafaba and blend until hummus becomes very smooth and creamy. (Note: Chilled liquid will create a creamier texture.)
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Taste and adjust seasoning as needed.
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Transfer hummus to serving bowl and make a well in center with back of spoon in which to add garnishes of choice. (See above.)
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Serve with warm pita bread, raw and roasted vegetables and crackers of choice.