Cost-Effective Electrolyzer System

Electrolyzer is a device to produce hydrogen from water, which is called green hydrogen to differentiate it from conventional hydrogen production involving fossil fuels.

A new technology for making cost effective electrolyzer systems developed at H2GenTech in cooperation with BullX Research and MulPhys [1] has a potential to significantly impact green hydrogen production.

The technology can be applied to mass-produce inexpensive electrolysis systems of small and large sizes and substantially decrease the maintenance costs associated with hydrogen production.

Green Hydrogen Markets

Traditional Markets

Traditional industries utilizing hydrogen, such as chemical, food, and medical, are moving toward green hydrogen production as a climate-neutral technology.

Emerging Hydrogen Markets

In addition to that new markets for green hydrogen are emerging:

• Green Steel: projects in US, Sweden, India, Abu-Dhabi, among others.
• Data centers.
• Transportation: the best carbon-free technology for long-haul semi-trucks.
• Maritime transport.
• Distributed green power.
• Aviation.
• Military.
• Off-Grid systems for farms, remote communities.

Hydrogen Markets Worldwide

The global hydrogen market is expected to experience significant growth, with estimates projecting it to reach a size of around $556.56 billion by 2034, growing at a CAGR of 7.82% from 2024 onwards [1, 2, 3, 4].

Hydrogen Markets in Europe

Factors pushing for green hydrogen production in Europe include Strong drive toward climate neutral technologies and de-carbonization, the loss of inexpensive supplies of Russian gas and expensive liquefied gas imports. There are large investments in Germany in hydrogen pipelines and infrastructure.

Hydrogen Markets Elsewhere

There are numerous large-scale projects in green hydrogen production around the world, including projects in Africa on the development of a large-scale industrial hydrogen production in Sahara region, several big projects in China and elsewhere.

Growth of Electrolyzer Market

Following the growing demand for hydrogen, the electrolyzer market is expected to surpass $278.82 billion by 2033.

Conclusions

• The new cost-effective scalable electrolyzer technology developed at GroupOneEnergy offers substantial reduction in capital investment and operating costs.
• The technology can satisfy the demand in green hydrogen in diverse markets and can be used for small-scale and large-scale production of green hydrogen.
• Commercialization of this technology can be done with several products, such as:
  1. Small-scale electrolyzer stacks.
  2. Electrolyzer stacks for large-scale high-pressure H2 production.
  3. Complete electrolysis systems.
  4. Hydrogen and oxygen gases.
  5. IP-licensing.