The demand for electrolyzers for the production of green hydrogen is growing rapidly. 8.2 GW of future power plants have already been planned, that is, 31 times the accumulated installed capacity today.
Hydrogen from renewable energy is beginning to have its moment of glory. As the energy transition progresses, it becomes increasingly important among technological decarbonization solutions, especially in sectors that are difficult to “clean”.
And if until yesterday the production of this fuel depended essentially on hydrocarbons, today the share of green hydrogen is advancing rapidly.
According to Wood Mackenzie estimates, new electrolyzer projects have tripled in the last 5 months. As of March 2020, almost 8.2 GW of global hydrogen capacity was being projected from renewable sources (i.e. produced by the electrolyte of water molecules, powered by photovoltaic or wind energy ).
This figure is interesting for two reasons. In October 2019, in the run-up to the coronavirus crisis, analysts estimated much lower growth – around 2.3 GW of electrolyzers. Currently, the number has increased despite economic uncertainties, and new projects exceed 31 times the cumulative capacity currently installed.
The world’s largest green hydrogen plant will be built in the Netherlands.
In particular, in recent months there has been a great advance in the number of large projects (greater than 100 megawatts). There are 17 mega power plants for the production of hydrogen from renewable energies in project around the world. The most active countries are Germany, Australia, the United States, France, the Netherlands, Paraguay, Portugal and the United Kingdom.
” We’re seeing bigger and bigger projects announced ,” said Wood Mackenzie analyst Ben Gallagher. ” Our projections for 2020 remain virtually unchanged, but between mid-2020 and late 2020 we will see a substantial change in outlook .”
The most ambitious of the plans mentioned in the report is the Asian Renewable Energy Center in the Pilbara region of Australia. Defined as one of the world’s most exciting energy initiatives, when fully operational it will harness 12 gigawatts of wind and solar energy to power a 1 gigawatt electrolysis plant. The project is expected to see the light in 2027 and to be sold in the domestic and foreign markets.
And for the next decade, European decarbonisation targets will drive new projects on the Old Continent. The region is estimated to host 59% of all renewable hydrogen projects planned through 2030.