BNEF lists top ten electrolyser manufacturers in 2024, with six from China

Bloomberg New Energy Finance (BNEF) recently released a list of the top ten hydrogen electrolyser manufacturers in the world based on deliveries in 2024, with six of them hailing from China. Leading the pack was Germany’s Thyssenkrupp Nucera, which notably supplied 1 gigawatt (GW) to the 2.2 GW Neom project in Saudi Arabia.

Among the top manufacturers is Longi, securing the fifth spot in BNEF’s ranking for 2024 deliveries. The increasing global demand for hydrogen electrolysis technology has propelled these companies to the forefront of the industry, with China emerging as a key player in the market.

Hydrogen electrolysis plays a crucial role in the production of green hydrogen, a clean and sustainable alternative to traditional fossil fuels. By utilizing renewable energy sources such as solar and wind power, electrolysis systems split water molecules into hydrogen and oxygen, generating clean fuel for various applications.

The rapid growth of the hydrogen economy has spurred investments and advancements in electrolyser technology, leading to increased production capacity and efficiency. Companies like Thyssenkrupp Nucera and Longi have capitalized on this momentum, expanding their reach and driving innovation in the sector.

The Neom project in Saudi Arabia, a major recipient of Thyssenkrupp Nucera’s electrolysis systems, highlights the increasing adoption of green hydrogen on a global scale. As countries strive to achieve net-zero emissions targets and transition to a more sustainable energy mix, the demand for electrolyser technology is expected to soar in the coming years.

Sungrow, another Chinese manufacturer, also made BNEF’s list of top electrolyser makers, underscoring China’s dominance in the industry. With a strong focus on clean energy and decarbonization, Chinese companies are at the forefront of driving the transition to a hydrogen-based economy.

The collaboration between manufacturers, project developers, and governments is key to accelerating the deployment of electrolyser technology and unlocking the potential of the hydrogen economy. By investing in research and development, scaling up production, and fostering partnerships, the industry can overcome challenges and pave the way for a more sustainable future.

Overall, the top ten electrolyser manufacturers identified by BNEF demonstrate the growing significance of hydrogen technology in the global energy landscape. As the world shifts towards cleaner and more efficient energy solutions, electrolysis will play a pivotal role in realizing a carbon-neutral future. The success of companies like Thyssenkrupp Nucera, Longi, and Sungrow underscores the immense potential of hydrogen electrolysis in driving the transition to a greener and more sustainable world.