As we have seen from the recently announced electrolyser target raise in the EU to 17.5GW by 2025, the market for green hydrogen is set to grow significantly in the near future.
With steady flows of hydrogen being placed on the market it provides a basis for more companies to transition to the clean energy carrier across a range of different industries – particularly those that are hard-to-abate through electrification.
With current capacity of electrolyser manufacturers in Europe estimated at 1.75GW per year, there is an obvious need to dramatically scale up the electrolyser market to meet the expected demand for renewable hydrogen.
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