In a recent market analysis, the global green hydrogen market is set to skyrocket from $676 million (USD) to an astonishing $7.3 billion (USD) by 2027. This meteoric rise is projected at a compelling compound annual growth rate (CAGR) of 61.0% during the forecast period. The report, Green Hydrogen Market by Technology – Global Forecast to 2027, attributes this growth to falling costs of producing renewable energy by all sources, advances in electrolysis technologies, and a surging demand from sectors like fuel-cell electric vehicles and the power industry.
With its proprietary high temperature pyrolysis (HTP) technology, CHAR is working on producing green hydrogen from organic waste, particularly wood waste. Stay tuned to keep up with CHAR’s progress in the green hydrogen landscape!