Sweden, which opened its largest electrolyzer facility last year, is up next, and fellow European Union members Germany and France also make the top 10. The EU has plans to “produce 10 million tonnes and import 10 million tonnes” of “renewable hydrogen” by 2030, and it has set ambitious targets to boost hydrogen use in industry and transport, positioning itself as a leader in demand-side policy incentives, which are lacking elsewhere.
The United States is just behind Sweden on green hydrogen plans. Thanks to the 2022 Inflation Reduction Act, which includes the world’s most generous clean hydrogen subsidies, the country is expected to see a wave of new investment in green hydrogen production.
The United Kingdom, which has its own set of support measures for clean hydrogen, rounds out the top five countries.
In total, the world produces just 180 kilotonnes of electrolysis-based hydrogen per year right now. But that number could reach more than 14,000 kilotonnes by 2030 if all projects currently under construction become operational — and that’s not even counting the hundreds more that have been announced but don’t have investment or permitting yet.
Verdagy manufactures an advanced AWE electrolyzer system that has superior performance to almost any system in the market — high current densities and the largest membranes leading to higher hydrogen production, high efficiencies leading to lower LCOH, and wide dynamic range and fast turndowns to seamlessly integrate with renewables. In addition to its Silicon Valley factory, Verdagy operates its R&D and highly automated commercial pilot plants in Moss Landing, California, where it continues to advance its cutting-edge technology.
