Electrolyzer sales expected to quadruple this year globally

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From pv magazine Global

Electrolyzer sales are expected to quadruple this year driven by the Chinese, US, and European markets, wrote BloombergNEF in a report published on Friday, adding that clean hydrogen demand from industry should be the main driver.

“Electrolyzer manufacturers delivered 458 megawatts in 2021, and BNEF expects shipments to at least quadruple in 2022, to between 1.8-2.5 gigawatts. China will account for 62-66% of total demand, driven by state-owned enterprises keen to show compliance with national decarbonization goals,” wrote BloombergNEF. BloombergNEF predicts that the US will be the second-largest electrolyzer market this year.

“U.S. developers will rush to announce projects in 2022, as the government readies a multi-billion-dollar investment in hydrogen as part of the Infrastructure Investment and Jobs Act. But with actual funding spread over the next five years, construction is likely to lag.”

BloombergNEF also expects at least four hydrogen companies to go public in 2022, the number of countries with a hydrogen strategy to jump from 26 to 48, and the industry’s focus on green ammonia and alkaline electrolyzers.

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