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Aug 16, 2022
Current electrolyzer manufacturing capacity could quadruple by 2025 as OEMs scale facilities in the face of rising demand
- New capacity expansions will be for both PEM and alkaline. Highly automated manufacturing facilities can reduce the labor of assembly, as well as the manufacturing cost of key components such as anodes and cathodes.
- Oversupply is possible as announced capacity exceeds expected demand. Manufacturers will need to thread a fine needle, balancing investments in additional capacity with market conditions.
So far, manufacturing capacity is predominantly built or planned to be built in Europe, though increasing number of projects are announced in Asia:
Produced by our Hydrogen and Renewable Gas Forum experts, this coverage is part of the Global Clean Energy Technology service. To find out more and to request trial access on the Climate & Sustainability Hub, please click here.
This article was published by S&P Global Commodity Insights and not by S&P Global Ratings, which is a separately managed division of S&P Global.
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