After a pandemic-related dip in Q2 and Q3 2020, investment in low-carbon hydrogen is once again on the up. At least US$4.5 billion was invested in the hydrogen market in the first quarter of 2021 alone, with 55 projects announced.
Until 2019, global estimated electrolyser manufacturing capacity was a mere 200 MW. That has since jumped to 6.3 GW of current announced electrolyser capacity, with 1.3 GW added in Q1 2021 alone and another step up in the announced pipeline.
Of course, this still represents only a small percentage of the almost 1,000 GW of electrolyser capacity needed by 2050 to meet our demand forecasts. However, the exponential rate of growth in manufacturing capacity is clear and likely to continue.
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