PV Tech Research Launches Global Database for Green Hydrogen Projects
Key Ideas
- PV Tech Research launches a global database for green hydrogen projects above 1MW, offering insights into market dynamics and key players.
- China leads in global green hydrogen capacity with over 65%, driven by lower levelized cost of hydrogen and dominance in alkaline electrolyzers.
- Europe, as the second largest green hydrogen producer, benefits from surplus renewable energy, with Spain, Germany, Sweden, and Norway having strong project pipelines.
- The green hydrogen sector is supported by country-specific activities like the 45V tax credits in the U.S. and European initiatives, indicating a growing market trend.
PV Tech Research, a prominent renewable energy supply chain resource, has introduced a groundbreaking global database focused on green hydrogen projects over 1MW in size. This database aims to provide valuable insights into the market, tracking projects from inception to completion. The database emphasizes China's significant role in the global green hydrogen landscape, attributing its dominance to cost efficiencies and expertise in alkaline electrolyzers. Europe, the second-largest green hydrogen producer, showcases a promising project pipeline, leveraging surplus renewable energy sources like solar, wind, hydro, and a supportive regulatory environment. The article highlights the increasing trend of large-scale green hydrogen projects being developed outside traditional geographic areas, closer to abundant renewable resources. Various countries, including the U.S. and Europe, are implementing incentives like tax credits and auctions to stimulate growth in the green hydrogen sector. Overall, the database underscores the sector's rapid growth potential and the importance of understanding market trends for potential investors and industry participants.
Topics
Green Hydrogen
Renewable Energy
Technology
Investment
Energy Transition
Industry Insights
Market Analysis
Supply Chains
Global Projects
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