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Green Hydrogen Gear Giants See China Market Doubling Next Year

  • Industry executives discuss outlook at BloombergNEF summit
  • Electrolyzers can use clean power to make hydrogen from water

Top manufacturers of equipment needed to produce green hydrogen said they expect China’s market to surge next year as the country continues to roll out projects to help meet decarbonization goals. 

Sales of electrolyzers, devices that use electricity to split water into hydrogen and oxygen, will at least double next year in China, executives at producers including Longi Green Energy Technology Co. and Sungrow Power Supply Co. said Tuesday in a virtual panel at the BloombergNEF Shanghai Summit. About 600 to 700 megawatts of equipment will be sold in the country this year, with demand likely to rise to 1,500 to 2,000 megawatts in 2023, said Eric Lin, a board member at Cockerill Jingli Hydrogen