Latest news with #electrolyzers
Globe and Mail
11 hours ago
- Business
- Globe and Mail
Green Ammonia Market Growth Surges with 70.5% CAGR
The Global Green Ammonia Market size is estimated to be valued at USD 2.52 Bn in 2025 and is expected to reach USD 105.75 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 70% from 2025 to 2032. This market report underscores accelerating business growth, robust market dynamics, evolving industry trends, and significant market opportunities driven by greener hydrogen supply chains and supportive regulatory frameworks across key geographies. It also reflects a tenfold increase in industry size over the forecast period. According to the latest Green Ammonia Market report, adoption is driven by renewable electrolyzer deployments in 2024–2025. The Green Ammonia Market is reshaping the global energy landscape by providing a carbon-free hydrogen carrier that supports decarbonization across power, fertilizer and shipping sectors. Rapid technological advancements in electrolyzers and heavy investment commitments in 2024–2025 are fueling this transition, positioning green ammonia as a cornerstone of sustainable industrial growth backed by robust market insights. Key Takeaways: Region: - North America: Rapid electrolyzer deployments in the U.S. and Canada integrate renewable-driven ammonia plants. - Latin America: Wind- and solar-powered projects in Chile and Brazil target exports to Europe. - Europe: Incentives under the European Green Deal fuel pilot plants in Germany and the Netherlands. - Asia Pacific: China, Japan and Australia lead giga-projects leveraging abundant solar and wind resources. - Middle East: UAE and Oman invest in gigawatt-scale electrolyzers for green ammonia exports to Asia. - Africa: South Africa and Morocco launch demonstration plants serving local fertilizer and power industries. Market Segment Covers: By Technology Segment: • Alkaline Electrolysis – Benchmark for large-scale plants with proven reliability. • PEM Electrolysis – Flexible operation suited to intermittent renewables in pilot sites. • Solid Oxide Electrolysis – High-temperature efficiency trials in Japan's R&D hubs. By Application Segment: • Fertilizer Production – Yara pilot blends green ammonia with natural gas for carbon-neutral N-fertilizers. • Power Generation – Retrofitted combined-cycle turbines running on ammonia in Netherlands. • Marine Fuel – Maersk test voyages using ammonia-powered engines to cut shipping emissions. By End-User Segment: • Utilities – Grid stabilization via ammonia-to-power facilities in Spain. • Agriculture – Carbon-neutral fertilizer supply chains boosting yields in India. • Transportation – Development of green ammonia bunkering hubs in Rotterdam. These key takeaways provide an early-stage market analysis, define market scope, and highlight pivotal market segments across geographies. Market Growth Factors: These market drivers, validated through extensive market research, include: - Electrolyzer Cost Declines: PEM electrolyzer CAPEX dropped ~20% in 2024, spurring plant rollouts in Spain and Australia. - Renewable Capacity Expansion: Solar and wind installations grew over 15% in 2025, enhancing green hydrogen feedstock availability. - Carbon Pricing Incentives: A $50/ton CO₂ price in EU markets in 2025 improved green ammonia competitiveness by 30%, boosting Green Ammonia Market share prospects versus grey ammonia. - Policy Support: Japan's Basic Hydrogen Strategy earmarked USD 1.5 Bn for ammonia R&D in 2024, accelerating market research into scalable production. Purchase Now Up to 25% Discount on This Premium Report @ Market Trends: - Modular Electrolyzer Adoption: Containerized units gain traction in Africa and Latin America for off-grid ammonia production. - Strategic Partnerships: Yara International and Siemens Energy launched a 10 MW pilot in 2024, illustrating cross-sector collaboration. - Export Corridors: Oman's Duqm to Shanghai shipments commenced in late 2025, establishing new supply routes. - Digital Twins & Automation: Thyssenkrupp's digital twin rollout in Germany in 2024 improved plant uptime by 12%. These Green Ammonia Market trends reflect modularization, digitalization and cross-border partnerships reshaping supply chains and driving business growth amidst evolving industry trends. Actionable Insights: - Supply-Side Indicators: Global electrolyzer production capacity rose to 6 GW in 2024 from 4 GW in 2023; average green ammonia pricing stabilized around USD 650/ton in Q2 2025, reflecting Green Ammonia Market revenue growth potential. - Demand-Side Indicators: Japan's green ammonia imports surged by 200 kt in 2025; fertilizer blending use cases in India expanded by 30% YoY. - Micro-Indicators: Project finance rates fell to 4.5% in 2024 for green ammonia ventures, lowering cost of capital. - Nano-Indicators: Site-level water purification adoption grew 40% in 2025, ensuring higher product purity and reduced downtime. - Market Challenges & Growth Strategies: Water sourcing and intermittent renewables remain key challenges; players pursue JV-based growth strategies and licensing agreements to mitigate risks. Key Players: - Yara International - Siemens Energy - CF Industries - Thyssenkrupp - Air Products & Chemicals - Mitsubishi Heavy Industries - Haldor Topsoe - Nel ASA - Uniper - Engie - Linde - HydrogenPro - Enapter - ACME Group - Iberdrola Competitive Strategies: - Yara International partnered with Siemens Energy in 2024 to deliver a 10 MW PEM electrolyzer pilot, reducing CAPEX per ton by 18%. - CF Industries formed a joint venture with Mitsubishi Heavy Industries in 2025 to scale alkaline electrolysis for 500 kt/year output, enhancing its North American market share. - Air Products deployed digital twin analytics in its Saudi pilot in 2024, improving operational efficiency by 15% and accelerating market growth. FAQs: 1. Who are the dominant players in the Green Ammonia Market? Key market players include Yara International, Siemens Energy, CF Industries, Thyssenkrupp, Air Products & Chemicals, and Mitsubishi Heavy Industries, leading technical innovations and offtake agreements. 2. What will be the size of the Green Ammonia Market in the coming years? The market is projected to reach USD 105.75 Bn by 2032 at a 70% CAGR, driven by falling electrolyzer costs, expanded renewable capacity and supportive policies. 3. Which end-user industry has the largest growth opportunity? Fertilizer production remains the largest segment, with carbon-neutral agriculture initiatives boosting demand for green ammonia blends by over 25% in 2025. 4. How will market development trends evolve over the next five years? Modular electrolyzers, automation via digital twins, cross-border export corridors and integrated supply chains will dominate, aligned with the EU Green Deal and Japan's hydrogen strategy. 5. What is the nature of the competitive landscape and challenges in the Green Ammonia Market? Competition centers on electrolyzer tech improvements, CAPEX reductions and offtake contracts. Major market restraints include intermittent renewable integration and water sourcing in arid zones. 6. What go-to-market strategies are commonly adopted in the Green Ammonia Market? Players often pursue joint ventures, pilot-to-commercial scale rollouts, licensing partnerships and vertical integration with utilities and fertilizer majors to secure anchor offtake agreements. ✍️ Author of this marketing PR: Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. About Us: Coherent Market Insights leads into data and analytics, audience measurement, consumer behaviors, and market trend analysis. From shorter dispatch to in-depth insights, CMI has exceled in offering research, analytics, and consumer-focused shifts for nearly a decade. With cutting-edge syndicated tools and custom-made research services, we empower businesses to move in the direction of growth. We are multifunctional in our work scope and have 450+ seasoned consultants, analysts, and researchers across 26+ industries spread out in 32+ countries.
Yahoo
5 days ago
- Business
- Yahoo
Plug Power Wins a Big Deal. Time to Buy the Hydrogen Stock?
Plug Power will supply its electrolyzers to a project in Uzbekistan. This project would help support its long-term growth profile. Bridging the gap until it reaches profitability remains a key issue for Plug Power. 10 stocks we like better than Plug Power › Plug Power (NASDAQ: PLUG) believes in a hydrogen-powered future. It's taking a leading role in building the global hydrogen economy with its fully integrated ecosystem. It provides a variety of hydrogen-related products, including electrolyzers, that help companies produce this lower-carbon energy source. The company recently won another deal to help expand the global hydrogen economy. Here's a look at whether it makes this top hydrogen stock a buy. Plug Power recently announced a meaningful expansion of its partnership with Allied Green Ammonia. The hydrogen company secured the opportunity to supply 2 gigawatts (GWs) of its proton exchange membrane (PEM) electrolyzers to a sustainable fuels project in Uzbekistan. Plug's electrolyzer technology will be the foundation for a new $5.5 billion green chemical production facility in that country that will produce sustainable aviation fuel, green urea (a fertilizer), and green diesel. The project has the backing of the government of Uzbekistan. This project is a continuation of Plug's collaboration with Allied Green. In January, Plug Power committed to supplying 3 GWs of electrolyzers for Allied's flagship green ammonia facility in Australia. Allied will use green hydrogen produced at that site with solar power to make the green ammonia. The company is working toward making a final investment decision (FID) for that project in the fourth quarter of this year. That's a little later than its initial expectation of making a positive FID in the second quarter. Plug plans to start manufacturing and delivering its PEM electrolyzer for this project in 2027. These projects might not be the last collaboration between the two partners. "This agreement reflects our deep confidence in Plug's team, technology, and ability to deliver on bold, world-class projects," stated Allied Green's Alfred Benedict. He continued, "Together, we are creating meaningful momentum for global decarbonization -- first in Australia, now in Uzbekistan, and in future regions to come." Project wins like those with Allied put Plug Power on track to achieve its bold plan to deliver sustainable growth and profitability in the coming years. The company is targeting 30% compound annual growth in its energy business through 2030, with revenue growth fueled by its electrolyzer and cryogenic solutions. Plug also targets a 30% compound annual growth rate during that period from its applications business. These robust revenue growth rates will scale the company's business while enhancing its margins. Plug expects 2025 to be a transformational year as it reaches an inflection point of ending with a positive gross margin run rate. The company's Project Quantum Leap is a big driver. It's targeting to deliver more than $200 million in annual savings through various initiatives aimed at reducing its cash burn rate. That would set the stage for sustainable growth in the coming years. Plug aims to achieve positive operating income by the end of 2027 and exit 2028 having reached overall profitability. While Plug Power has tremendous growth prospects, a key issue for the company has been financing its operations and expansion, given its lack of profitability. The company has been burning through cash to fund its operations. Its net cash used in operating activities was $728.6 million last year, $1.1 billion in 2023, and $828.6 million in 2022. That has forced the company to raise outside capital to fund its operations and growth. A major funding source has been issuing new stock. That has significantly increased its outstanding shares and diluted its existing investors: That massive wave of new shares is why the stock price has cratered more than 90% during the past three years. On a positive note, Plug Power doesn't anticipate any more dilutive equity offerings this year. It has already raised $280 million by selling over 185 million shares in March. The company also closed a $525 million secured credit facility with Yorkville Advisors. In addition, it closed a $1.66 billion loan guarantee from the U.S. Department of Energy to support the build-out of six green hydrogen production facilities. However, given that the company doesn't expect to reach profitability until 2028, it might not be done making dilutive equity issuances. If it sells more stock at a low share price, that could put additional weight on its value. Plug Power expects to deliver robust revenue growth over the next five years as more companies like Allied adopt its hydrogen solutions. Deals like those put it on pace with the long-term target to reach sustainable profitability. However, the big question is how the company will fund its operations and growth while it works toward achieving profitability. If it continues to sell stock, the share price will remain under pressure. Because of that, it's just too high a risk to buy right now. It needs to continue executing its growth strategy, improving its cost structure, and enhancing its liquidity without diluting shareholders before it becomes a compelling investment opportunity. Before you buy stock in Plug Power, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Plug Power wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $657,871!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $875,479!* Now, it's worth noting Stock Advisor's total average return is 998% — a market-crushing outperformance compared to 174% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Matt DiLallo has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Plug Power Wins a Big Deal. Time to Buy the Hydrogen Stock? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-06-2025
- Business
- Yahoo
NewHydrogen's Plan to Win the Green Hydrogen Race
SANTA CLARITA, Calif., June 12, 2025 (GLOBE NEWSWIRE) -- NewHydrogen, Inc. (OTCQB: NEWH), developer of ThermoLoop™, a technology that uses water and heat to produce the world's cheapest green hydrogen, today described its plan to replace expensive electrolyzers and win the renewable hydrogen race. NewHydrogen CEO Steve Hill said, 'Today, using electrolyzers is the only commercially available way to split water to produce renewable hydrogen. Electrolyzers have dominated the headlines, but their reign may be coming to an end. The time has come to kill electrolyzers!' 'The renewable hydrogen industry's heavy bet on electrolysis is holding it back,' Mr. Hill continued. 'Why? Because electrolyzers are old tech—expensive, inefficient, and fundamentally flawed. These 200-year-old systems still depend on large amounts of electricity and face major cost and scaling challenges. Despite massive investment, they've struggled to deliver the cost reductions and reliability needed to help unlock the global hydrogen economy.' ThermoLoop is being developed to change that. Instead of electricity, ThermoLoop can use any source of heat to split water into hydrogen and oxygen, making it a fundamentally different, and a more promising approach. By addressing key limitations that have dogged electrolyzers for decades, ThermoLoop has the potential to leapfrog the current state of the art and win the green hydrogen race. At the heart of ThermoLoop is its novel materials and novel reactions that keep the process running at nearly the same temperature—eliminating the energy losses of traditional thermochemical heating and cooling cycles. The Company believes this can overcome a long-standing thermochemical challenge: how to scale without wasting energy. This approach enables continuous, 24/7 hydrogen production wherever there's heat and water. Even when using large industrial heaters powered by electricity, ThermoLoop's theoretical heat-based thermodynamic efficiency suggests it can outperform electrolyzers on a cost-per-kilogram basis. That can make ThermoLoop technology not only an alternative, but a direct threat to the electrolysis-first strategy dominating today's hydrogen buildout. Mr. Hill concluded, 'Relying on inefficient electrolyzer technology won't get us to the projected $12 trillion hydrogen economy. Other horses in the race that rely on massive tracts of land and part-time sunlight won't get us there either. In my opinion, it's ThermoLoop or bust. We believe ThermoLoop can offer a smarter path forward and has the potential to be the key to finally delivering on green hydrogen's global promise.' To watch a short explainer video about ThermoLoop™ or to learn more about NewHydrogen's mission to produce the world's cheapest green hydrogen, visit About NewHydrogen, Inc. NewHydrogen is developing ThermoLoop™ – a breakthrough technology that uses water and heat to produce the world's lowest cost green hydrogen. Hydrogen is the cleanest and most abundant element in the universe, and we can't live without it. Hydrogen is the key ingredient in making fertilizers needed to grow food for the world. It is also used for transportation, refining oil and making steel, glass, pharmaceuticals and more. Nearly all the hydrogen today is made from hydrocarbons like coal, oil, and natural gas, which are dirty and limited resources. Water, on the other hand, is an infinite and renewable worldwide resource. Currently, the most common method of making green hydrogen is to split water into oxygen and hydrogen with an electrolyzer using green electricity produced from solar or wind. However, green electricity is and always will be very expensive. It currently accounts for 73% of the cost of green hydrogen. By using heat directly, we can skip the expensive process of making electricity and fundamentally lower the cost of green hydrogen. Inexpensive heat can be obtained from concentrated solar, geothermal, nuclear reactors and industrial waste heat for use in our novel low-cost thermochemical water splitting process. Working with a world class research team at UC Santa Barbara, our goal is to help usher in the green hydrogen economy that Goldman Sachs estimated to have a future market value of $12 trillion. Safe Harbor Statement Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, the impact on the national and local economies resulting from terrorist actions, the impact of public health epidemics on the global economy and other factors detailed in reports filed by the Company with the United States Securities and Exchange Commission. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise. Investor Relations Contact: NewHydrogen, in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
