- In August 2024, Linde has announced a long-term agreement to supply clean hydrogen to Dow's Fort Saskatchewan Path2Zero Project. The company plans to invest over $2 billion to construct, own, and operate a large-scale integrated facility for clean hydrogen and atmospheric gases in Alberta, Canada
- In November 2021, Iwatani Corporation of America, a subsidiary of Iwatani Corporation, teamed up with ITM Power, a company specializing in energy storage and clean fuel solutions, to implement multi-megawatt electrolyzer-based hydrogen energy systems throughout North America. This collaboration is focused on deploying advanced electrolyzer technology to generate clean hydrogen at scale, addressing the growing demand for sustainable energy sources
- In October 2021, Plug Power Inc. announced the acquisition of Applied Cryo Technologies, Inc. (ACT), a move that significantly enhances its capabilities and expertise in the hydrogen sector. This acquisition enables Plug Power to broaden its technological offerings and strengthen its position within the green hydrogen ecosystem
- In August 2021, Linde plc secured a long-term agreement with Infineon Technologies to facilitate the on-site production and storage of high-purity green hydrogen. This partnership is designed to enhance the supply chain for green hydrogen, ensuring that Infineon has access to the high-quality hydrogen needed for its semiconductor manufacturing processes
- In January 2021, ENGIE and Total formalized a cooperation agreement to collaboratively develop, construct, and operate the Masshylia project, which is set to become France's largest renewable hydrogen production facility located in Châteauneuf-les-Martigues. This ambitious project aims to implement innovative management strategies to oversee the hydrogen production and storage processes effectively
Frequently Asked Questions
The market is segmented based on Segmentation, By Technology (Physical Based, Material Based, Liquid Hydrogen, Metal Hydrides, Carbon Absorption, and Underground Salt Caverns), Physical State (Solid, Liquid, and Gas), Application (Stationary Power, Transportation, Portable Power, Power Generation, Chemicals, Metal Workings, Utility, and Others), End Use (Commercial, Industrial, and Residential), Storage Type (Stationary Storage, Physical Storage, and Chemical Storage) - Industry Trends and Forecast to 2031
.
The Global Hydrogen Energy Storage Market size was valued at USD 20.84 USD Billion in 2023.
The Global Hydrogen Energy Storage Market is projected to grow at a CAGR of 19.11% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
