Green hydrogen is usually obtained from clean sources rather than fossil fuels. The range of colors is used to describe a colorless clean-burning chemical that is used as a substitute for oil, coal, and natural gas in a wide variety of applications. Green hydrogen is made from the hydrolysis of water using electricity obtained from renewable sources such as solar and wind energy. It is different from grey hydrogen produced from fossil fuels such as natural gas. Hydrogen is environmental friendly and can be stored and converted back to energy or heat whenever appropriate.
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On the basis of geography, North America is one of the lucrative markets for green hydrogen across the globe. However, its future strongly depends upon the US policymakers that need to be in line with the European Union (EU) in making a major commitment to building infrastructure to grow its green hydrogen capacity. With constant environmental pressure upon major oil companies, automakers, and hydrogen and fuel cell manufacturers in decarbonising, the industry is expected to witness a tremendous push in the coming years. The presence of some of the key renewal power projects in the region is anticipated to create lucrative growth opportunities for green hydrogen generation in the coming years.
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Some of the key players in Green Hydrogen Market include Air Liquide, Hydrogenics, Uniper SE, Siemens Gas and Power GmbH & Co. KG, Air Products and Chemicals, Inc., Toshiba Corporation, SGH2 Energy Global LLC, Linde, Fuel Cells Works, Nel ASA, Green Hydrogen Systems, Solena Group, Loop Energy Inc., Nikola Motors, Ballard Power Systems, and Cummins Inc.
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