IHS Markit forecasts that annual global investments in green hydrogen—hydrogen production powered by renewable sources—will exceed US$1 billion by 2023. The elevated investment outlook is attributed to falling costs and policy support from governments looking to shift towards low-carbon economies. Operating capacity for splitting water into hydrogen and oxygen through electrolysis technology currently stands at 82 MW with a pipeline of more than 23 GW, according to the IHS Markit Power-to-X tracker. This pipeline—including projects announced, planned and under construction—is up from less than 8 GW at the end of 2019 and 5 GW at the end of 2018. Electrolysis production is ramping up with multiple “giga-factories” under development. Investment in electrolysis is booming around the world. The pipeline through 2030 is for over 23 GW of capacity to be developed—more than 280 times current capacity. The increasing interest has been driven by falling electrolysis and renewable power costs […]