Electrolyser manufacturers bullish amid market headwinds
Firms are being more careful with order timing, but long-term fundamentals remain promising
Electrolyser manufacturers are confident of converting order backlogs into revenues despite difficult market conditions, according to recent company results announcements. Higher inflation, interest rates and electricity prices in the US and Europe are making it harder for green hydrogen projects to take FIDs, while normalising gas prices have reduced the cost of manufacturing grey hydrogen. Green hydrogen project developers are becoming more cautious with their electrolyser orders as a consequence of the difficult operating conditions, according to Nel CEO Hakon Volldal. “Some months ago, customers were willing to place advance purchase orders on equipment prior to doing FEED studies and pr

Also in this section
23 May 2025
Investors remain committed to development but are waiting on greater international market certainty
22 May 2025
The government has ambitions to scale up production and become a major exporter by the end of the decade
21 May 2025
Half of winning bidders are based in southern European country as €1b auction clears at lower-than-expected levels
16 May 2025
Only 21% of approved IPCEI projects reach FID as cost overruns and funding delays hamper progress, according to European Commission officials