Market Summary

  • The global hydrogen market is large and growing rapidly. Current fossil fuels can’t sustain future energy requirements, environmentally or economically.

  • SunHydrogen’s proprietary technology positions us at the forefront of the emerging hydrogen economy, making green hydrogen more accessible and affordable worldwide.

  • With a target cost of $2.50/kg., we believe our solution has the potential to clear a path for green hydrogen to compete with natural gas hydrogen and gain mass market acceptance as a true replacement for fossil fuels.

HYDROGEN GENERATION MARKET

Hydrogen generation is projected to become a $1 trillion per year market by 2050.¹

Over 70 countries have set goals to achieve net-zero emissions by that same date,² and governments are looking to clean energy sources like hydrogen to help them meet their targets. It is estimated that roughly 25% of global energy will come from green hydrogen alone by 2050.³

California is leading the way in hydrogen strategies, with more fuel cell passenger vehicles on the road than any other state and one of the largest hydrogen refueling station networks in the world.⁴

 

Globally, over 1,000 green hydrogen production demonstration projects have been announced around the world.⁵ Over the past several years, governments in Japan, South Korea, Australia, Germany, the European Union and many more have put forth ambitious strategies to utilize hydrogen and fuel cell technologies across all sectors of the economy including transportation, feedstock and industrial heat use.

Sources:
1. CNBC
2. United Nations
3. Goldman Sachs
4. Sierra Nevada Ally
5. Hydrogen Council and McKinsey & Company