EU electrolyser sector juggles supply and demand
Expansion of manufacturing capacity seen as undershooting EU 2025 target amid uncertainty over timing of green hydrogen projects
Europe’s electrolyser industry remains off track for the EU’s 2025 capacity targets, despite expected rapid growth in the next three years, as manufacturers must balance today’s oversupply with a potentially huge increase in demand from hydrogen producers in the coming years. European manufacturing capacity—including Norway but not the UK—is on course to reach 21GW/yr by 2025 from just 3.1GW/yr currently and 2.5GW/yr a year ago, according to a recent joint statement from the Electrolyser Partnership, an alliance of 44 companies active in the electrolyser supply chain that includes Nel, Thyssenkrupp Nucera, Siemens and Cummins. This is still short of a target of 25GW/yr set last year to help
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