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China produces more electrolyzers than any other country

China is expected to have the capacity to produce over 40 GW of electrolyzers annually — around 40% of the world’s electrolyzers.1 Despite this impressive capacity, some Chinese manufacturers operate at only 10% of capacity due to a lack of demand.2

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Footnotes​

  1. Parkes, R. (2023, August 29). “Interview: ‘China Is Overbuilding Hydrogen Electrolyser Manufacturing Capacity - and May Have to Shut Some of It down’: Citigroup.” Hydrogen Insight. https://www.hydrogeninsight.com/electrolysers/interview-china-is-overbuilding-hydrogen-electrolyser-manufacturing-capacity-and-may-have-to-shut-some-of-it-down-citigroup/2-1-1506515. ↩

  2. Parkes, R. (2024, February 1). “Hydrogen Electrolyser Factories Are Only Operating at 10% Capacity on Average: BNEF.” Hydrogen Insight. https://www.hydrogeninsight.com/electrolysers/hydrogen-electrolyser-factories-are-only-operating-at-10-capacity-on-average-bnef/2-1-1591720. ↩