Shakeout Ahead for Makers of Hydrogen Machines, Analysis Warns
- Oversupply seen in electrolyzers that take hydrogen from water
- BNEF report warns not all electrolyzer makers will survive
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So many companies betting on a hydrogen-powered future have started selling electrolyzers — machines that strip the fuel from water — that potential supply now far exceeds demand, according to the BloombergNEF analysis firm.
Electrolyzer factories, many of them just recently built, can produce 31.7 gigawatts of the devices per year, according to a BNEF report Tuesday. That’s 7.4 times the firm’s 2024 forecast for global electrolyzer sales.