Global Green Hydrogen Market Overview: Projects in Pipeline and Under Construction
Key Ideas
- Global green hydrogen market overview provided by Joe Hennessy from PV Tech Research.
- 1 terawatt green hydrogen production pipeline globally, with 20GW under construction.
- China leads in pipeline capacity, Europe follows, U.S. shows potential with tax credit rules.
- Detailed insights on project sizes, regions, and growth projections provided by PV Tech Research's database.
In this article, Joe Hennessy, a market analyst for PV Tech Research, discusses the global green hydrogen market, detailing projects in progress and upcoming within the sector. Green hydrogen, produced through water electrolysis, has garnered significant international attention, with nations like the U.S., Europe, and others incentivizing domestic production. PV Tech Research's Green Hydrogen Database reveals that the global green hydrogen pipeline is nearing 1 terawatt, with almost 20GW currently under construction worldwide. China leads in pipeline capacity, followed by Europe, the U.S., and India. Notable projects include Neom Green Hydrogen in Saudi Arabia, Plug Power's Woodbine project in the U.S., and AM Green's Andhra Pradesh site in India. The database provides insights into project status, stakeholder involvement, and growth projections. With a surge in projects ranging from 100MW to 1000MW, the industry shows significant growth potential, especially in smaller European projects utilizing offshore wind. The sector's evolution towards larger 10-50MW projects signifies a promising future for green hydrogen. PV Tech Research's database release and upcoming webinar aim to shed light on the sector's rapid expansion and investment opportunities.
Topics
Projects
Renewable Energy
Technology
Investment
Energy Transition
Industry Growth
Market Analysis
Global Projects
Database Release
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