Gain Insights into the Global Green Hydrogen Market with PV Tech Research's New Database
Key Ideas
  • PV Tech Research launches a new global database for green hydrogen projects above 1MW, offering unique insights into the market.
  • China leads in global green hydrogen capacity with over 65%, driven by lower levelized cost and dominance in alkaline electrolyzer production.
  • Europe, as the second largest producer of green hydrogen, has a strong project pipeline benefiting from surplus renewable energy supply.
  • The green hydrogen sector is experiencing growth with various country-specific activities like the 45V tax credits in the U.S. and European initiatives.
PV Tech Research, a prominent resource in covering renewable energy supply chains, has introduced a comprehensive database focused on global green hydrogen projects above 1MW in size. The database aims to provide valuable insights into the evolving market dynamics, key players, and emerging trends. Noteworthy observations from the database highlight China's significant dominance in global green hydrogen project construction, attributed to its lower levelized cost of hydrogen and expertise in alkaline electrolyzer technology. On the other hand, Europe emerges as the second-largest green hydrogen producer, leveraging surplus renewable energy sources like solar, wind, hydro, and Sweden. The article emphasizes the importance of understanding major market developments for potential investors and industry suppliers. It further discusses the growth potential of green hydrogen projects in Europe, alongside country-specific activities such as the U.S.'s 45V tax credits and European initiatives. The sector's future outlook suggests strong capacity build-out, with early-stage projects indicating an increase in average size over the coming years. Overall, the database aims to support stakeholders in staying informed and ahead in the rapidly expanding global green hydrogen market.
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