Green hydrogen

96% of global hydrogen is produced from fossil fuels. This emits 830 million tons of CO₂ annually, contributing over 2% of global CO₂ emissions.

Green hydrogen is produced by electrolyzing water with clean electricity or other new methods that don’t release any greenhouse gases. Green hydrogen could help lower carbon emissions in many areas, such as transportation and industry. It is a pivotal player in the global shift towards a sustainable and low-carbon future.

Green hydrogen startup

We research early- and growth-stage startups who develop green hydrogen technologies, including water electrolysis, thermal pyrolysis, plasma pyrolysis, and photocatalyst.

Green hydrogen applications

Industry

Green hydrogen is primarily used as a component or catalyst in ammonia production, oil refining, and methanol production. It is starting to be used in the steel industry. Green hydrogen can be transformed into synthetic gas and synthetic fuels used for commercial, industrial, or mobility purposes.

Mobility

Green hydrogen is a key component for fuel cells, which can power heavy-duty vehicles such as trucks, buses, and even ships and airplanes.

Energy storage

Green hydrogen can also be used to store energy. During the summer, water electrolysis can be used to make hydrogen from the sun’s energy. This hydrogen can then be used to power the grid during the winter, when it’s cold and cloudy.

Residential heating

Green hydrogen is being used to decarbonize residential and commercial heating systems, which are a major source of carbon emissions in many countries. It is mixed with natural gas as a ‘quick fix’ to reduce heating-related emissions.

Green hydrogen market

In 2022, the green hydrogen market was worth USD 676 million. By 2027, it is expected to be worth USD 7314 million, having grown at a rate of 61.0% per year.

This growth is attributed to the lowering cost of producing renewable energy, the development of electrolysis technologies, and high demand from fuel cell electric vehicles (FCEVs) and the power industry.

However, the market’s growth is limited by challenges like high initial production costs and an under-developed market.