All values are in ktpa (kilo tons per year)
The hydrogen economy is a key growth area, and many companies are joining in to capitalize on this future vision and become market leaders throughout the whole hydrogen value chain. Hydrogen, specifically green hydrogen, has been a topic of interest for the renewable energy economy for a very long time. Thanks to its vital applications across industries, it is becoming a gamechanger with its noteworthy contribution to clean energy transitions.
Thanks to high investments from companies to develop green hydrogen projects, the momentum that has been built along the entire value chain is accelerating the cost reduction in hydrogen production, transmission, distribution, retail, and end-applications.
Many prominent companies have opted for investing in the prospective green hydrogen projects and other aspects of the hydrogen economy, as fuel cells and refueling stations, to decarbonize their business portfolios. Last year partnerships and deals between companies across different sectors almost three-fold compared to 2020 levels, enabling companies to participate in multiple projects, going from pilot to large scale projects.
Betting on green hydrogen development at this point is positioning companies as leaders in the hydrogen market and could bring more opportunities on the future when the market reach a more mature stage. The coming few years will be crucial for the development of a low carbon hydrogen economy, for attaining energy transition, meet decarbonization goals, and positioned leading companies as market experts.
Don’t wait - discover a universe of connected data & insights with your next search. Browse over 28M data points across 22 industries.
Access more premium companies when you subscribe to Explorer
Contact the team or request a demo to find out how our data can drive your business forward