The global green hydrogen market is projected to reach USD 46.25 billion by 2028, fueled by a surge in demand for clean energy solutions. This report, powered by AI analysis, explores key market drivers, challenges, and trends, revealing a bright future for the hydrogen economy. Learn how AI is shaping the market landscape and discover how companies can leverage these insights for success.
The global hydrogen compressor market is projected to experience substantial growth, driven by the rising demand for hydrogen as a clean fuel source. This growth is fueled by the increasing adoption of fuel cell vehicles, the use of hydrogen in various industries to reduce carbon emissions, and the development of hydrogen-centric energy infrastructure.
Plug Power has achieved nameplate capacity at its hydrogen plants in Georgia and Tennessee, significantly increasing its hydrogen supply. The company’s Louisiana plant, a joint venture with Olin Corporation, is set to add 15 tons per day (TPD) of liquid green hydrogen by the end of the third quarter. With this expansion, Plug Power will have a total internal production capacity of 40 TPD, meeting the majority of its customers’ demand. The company’s Georgia plant is already producing 15 TPD of liquid hydrogen, marking a major milestone in Plug Power’s hydrogen network and the hydrogen economy in the U.S.
