Development Trends in Water Electrolysis: A Technology and Market Analysis

Water electrolysis is on its way to becoming a gigawatt industry. All companies are currently massively expanding their manufacturing capacities. There is no real technical showstopper visible until 2030+ (materials, scaleup, lifetime, costs). Technologies can complement each other. But learning curve still has to be overcome. Current hurdles for electrolysers : no investment security, supply chain bottlenecks, shortage of skilled workers, lack of standardization and norming. However, a successful market ramp up will only work with suitable boundary conditions (availability of RE and market framework incl. business models for green hydrogen).