In its latest release about news in the platinum industry, the World Platinum Investment Council says electrolyser capacity is ramping up as both production and deployment expand globally, in response to green hydrogen demand growth.
Similarly, the IEA projects global electrolysis installed capacity could reach 3 GW by the end of this year, which is a four-fold increase in total capacity compared with 2022. If all projects currently in the pipeline are realised, global electrolysis installed capacity could reach between 170 GW and 365 GW by 2030.
The WPIC explains that PEM electrolysers, which contain a platinum catalyst, were first developed during the 1950s for the space programme. In the US, the government released its National Clean Hydrogen Strategy earlier this year, with the stated ambition of enabling multi-gigawatt-scale electrolyser manufacturing capacity.