Potential Opportunity Worth USD 5 Bn in Hydrogen Economy

CHICAGO, Jan. 27, 2022 /PRNewswire/ — Disruption – Potential opportunity worth USD 5 Bn is expected to open up for green hydrogen, as hydrogen production using renewables cost heads to USD 1.3/kg. The green hydrogen market is projected to be valued at USD 4,373 Mn by 2026, at a CAGR of 58.0%, owing to the lowering cost of producing renewable energy by all sources, development of electrolysis technologies, and high demand from FCEVs and power industry.MarketsandMarkets_LogoMore than 200 projects were announced with over USD 70 Bn public funding, with more than 85% of global projects originating in Europe, Asia, and Australia. Hydrogen Council membership grew from 60 to 100 in one year, with more than 16-fold increase expected through 2030. It is expected that there would be a 60% cost reduction in Green H2 production by 2030.According to MarketsandMarkets™ analysis,There is ~USD…

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