Green Hydrogen Market Growth Spurs Electrolyzer Manufacturing

NEW DELHI--August 10, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--As the need for developing the green hydrogen ecosystem continues, there are sizable opportunities coming up for manufacturers of electrolyzers. According to the Hydrogen Council's "Hydrogen Insights 2022" report, there has been an 80% increase in installed electrolyzers globally during the last year, and that is expected to further scale up. Electrolyzer design capacities are constantly increasing, with recent projects seeing nameplate capacities touching as high as 500 megawatts (MW), far removed from previous projects which did not exceed 15 to 25 megawatts.