China set to smash national hydrogen targets, solidifying lead in global electrolyzer market
Mainland China's national plan identifies hydrogen as a key element in its low-carbon energy transition strategy. The nation is committed to using hydrogen for decarbonization, with Rystad Energy projecting the installation of approximately 2.5 gigawatts (GW) of hydrogen electrolyzer capacity by the end of the year. This capacity is expected to produce 220,000 tonnes per annum (tpa) of green hydrogen, 6-kilotonnes-per-annum (ktpa) more than the rest of the world combined. Under its national plan, China is targeting green hydrogen production of 200,000 tpa by the end of 2025, but our analysis shows it will exceed that volume by the end of this year.