Hydrogen is Asian... Singapore's next S-curve? + Some hydrogen companies you should know

Last month we had the chance to organize the last Atlas Climate Tech Dinner in Singapore. During our several meetings with family offices and Temasek one thing came into the picture...

New projects announced in recent weeks could supercharge clean hydrogen growth in the US. Bolstered by IRA incentives, electrolyzer manufacturers are mapping out plans to rapidly expand production, with new facilities that would more than 4x global capacity.

So, what is the hype about?

Last year, the global installed electrolyzer capacity was ~2GW, up from less than 0.5 GW in 2021. These three projects alone could produce enough electrolyzers to more than 4x current capacity.

• EH2 plans to build its first factory in Massachusetts with a goal of producing 1.2GW of electrolyzers each year.

• At the end of April, Ohmium, an electrolyzer startup based in Silicon Valley, raised $250M to help expand its production facility in India. The company aims to make enough electrolyzers to supply 2GW-worth of hydrogen per year.

• Nel, an Oslo-based maker of electrolyzers, plans to build a factory in Michigan and work with GM to bring down the cost of hydrogen. The company hopes to produce enough electrolyzers…