The rise of green hydrogen as a key player in the world's energy transition is propelling the growth of electrolyzer manufacturing. Plug Power, Inc., a prominent player in this sector, is expanding its production capacities to meet the increasing demand for green hydrogen. Electrolyzers, which produce green hydrogen by splitting water using renewable energy sources, are becoming crucial in decarbonizing hard-to-abate sectors like industries and transportation. China's dominance in electrolyzer production is evident, with the country now holding a majority share of the global electrolyzer manufacturing capacity. This shift towards green hydrogen aligns with China's ambition to establish itself as a powerhouse in cleantech exports, with electrolyzers expected to play a key role alongside electric vehicles, solar panels, and batteries. The International Energy Agency's report underlines the significance of this trend, highlighting the pivotal role of electrolyzers in accelerating the adoption of green hydrogen across various sectors.