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GREEN HYDROGEN SCALING UP ELECTROLYSERS

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GREEN HYDROGEN SCALING UP ELECTROLYSERS ( green-hydrogen-scaling-up-electrolysers )

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5. GREEN HYDROGEN COST REDUCTION 2 Green hydrogen project 2.1 Key players pipeline GREEN HYAs green hydrogen from renewables becomes PROJECT PIPELINE D R O G E N a reality , more and mo re playe rs fro m both „ Announcements of projects coming online in the next five years add up to a total that is two orders of magnitude greater than today’s globally installed capacity. Yet, even steeper growth would be needed to be in line with 1.5°C pathways. This requires a further acceleration in the deployment of renewable power capacity, which needs to be at least ten times higher in 2050 than what it was in 2019. Therefore, hydrogen use should be limited to sectors where direct electrification is more difficult, to maximise the efficiency of renewable electricity use. 82 5.1 KEY PLAYERS R&D institutions and industry will appear, increasing competition that leads to much faster R&D and a significant reduction in costs. Currently, the field of green hydrogen generation is growing at such a fast rate that is quite challenging to follow or identify new players. Historically, with a few exceptions, water electrolysers were manufactured by small companies. Now, large enterprises are currently very active in acquiring and merging smallmedium sized electrolyser companies into their subsidiary portfolios. This will dramatically and positively increase investment, much more rapidly changing the technology and decreasing costs. Table 11 shows a non-exhaustive list of companies, enterprises and key players involved in the manufacturing and/or commercialisation of water electrolysers. KEY POINTS

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