A research led by Gunther Glenk, a climate fellow at Harvard Business School, forecasts a significant cost reduction in green hydrogen production by 2030, making it a more feasible option to combat fossil fuel reliance. Electric Hydrogen, under the leadership of CEO Raffi Garabedian, is spearheading the charge towards green manufacturing by developing large-scale electrolyzer plants tailored for industrial applications. By prioritizing cost efficiency through innovation and standardized manufacturing processes, Electric Hydrogen has managed to slash project costs by up to 60% compared to competitors. The company, valued at over $1 billion and the first unicorn in the green hydrogen sector, has garnered substantial investments and is focused on achieving the lowest-cost electrolysis process to decarbonize industrial operations. Devens-based Electric Hydrogen's new facility produces 100-megawatt electrolyzing plants powered by renewable energy sources, enabling emissions-free hydrogen gas production for crucial industrial processes. The company's commitment to clean technology has attracted attention from local leaders such as Gov. Maura Healey and Congresswoman Lori Trahan, highlighting its pivotal role in green technology development and economic growth. By investing in Massachusetts and leveraging the skilled local workforce, Electric Hydrogen aims to contribute to the state's industrial innovation legacy and lead the way in green manufacturing.