HYDROGEN MARKET ANALYSIS

Market News

Recent Developments:

• In October 2021, New Mexico positioned itself as a ‘Hydrogen Energy leader ‘Industry and Government Officials, both state and Federal level, believe hydrogen could provide a powerful tool to accelerate the transition to a clean energy system
• In December 2021, Mitsubishi Power and Magnum developments are working on a project in Utah to build a storage facility of 1,000 megawatt of clean power in the form of hydrogen generated from the electrolysis process. The hydrogen would be stored in the salt caverns and then utilized, and this plant could be in operation from 2025.
• In January 2021, Linde to build its own PEM (Proton exchange Membrane) to produce Green Hydrogen, the 24 megawatt electrolyser produce Green Hydrogen to supply Lindes Industrial customers through companies existing pipelines .