|
Forecast Period
|
2026-2030
|
|
Market Size (2024)
|
USD 1.66 Billion
|
|
Market Size (2030)
|
USD 3.54 Billion
|
|
CAGR (2025-2030)
|
13.29%
|
|
Fastest Growing Segment
|
Chemical Hydrides
|
|
Largest Market
|
North America
|
Market Overview
The Material-Based Hydrogen
Energy Storage Market was valued at USD 1.66 Billion in 2024 and is expected to
reach USD 3.54 Billion by 2030 with a CAGR of 13.29%. The Material-Based
Hydrogen Energy Storage Market refers to the segment of the energy storage
industry focused on utilizing various materials to store hydrogen in a stable,
efficient, and safe manner. These materials, including metal hydrides, chemical
hydrides, carbon-based materials, and others, are employed to absorb and
release hydrogen gas for use in energy storage and transportation systems.
Hydrogen energy storage is considered a key solution for addressing energy
demands by providing an efficient means of storing excess energy generated from
renewable sources, such as wind and solar power, and releasing it when demand
exceeds generation.
Material-based hydrogen
storage technologies offer an alternative to traditional compressed or liquid
hydrogen storage methods, with advantages such as higher energy density, lower
pressure requirements, and the potential for more compact storage systems.
Metal hydrides, which form stable compounds with hydrogen, are widely used for
high-density storage applications, while chemical hydrides are valued for their
ability to release hydrogen at controlled temperatures. Carbon-based materials,
including porous carbon and graphene, are gaining traction due to their
lightweight nature and ability to store hydrogen in nanostructures. This market
is primarily driven by the global shift toward clean energy solutions and
decarbonization efforts in the industrial, commercial, and transportation
sectors.
Key Market Drivers
Increasing
Demand for Clean and Sustainable Energy Solutions
The global
transition towards clean and sustainable energy sources is one of the primary
drivers of the Material-Based Hydrogen Energy Storage Market. As concerns over
climate change, environmental pollution, and energy security intensify,
governments, industries, and consumers are seeking alternatives to fossil
fuels. Hydrogen energy, with its zero-emission profile when utilized in fuel
cells or combustion, presents a promising solution. Material-based hydrogen
storage systems, such as metal hydrides, chemical hydrides, and carbon-based
materials, are central to the development of efficient and scalable hydrogen
storage technologies. These materials allow for the safe and compact storage of
hydrogen, addressing one of the key challenges in hydrogen energy—high storage
densities and the need for low-pressure, low-temperature solutions.
As the demand
for green hydrogen increases, driven by decarbonization policies and renewable
energy integration in industries like transportation, power generation, and
industrial applications, material-based storage technologies are becoming more
critical. Governments worldwide are implementing supportive policies, such as
carbon pricing, renewable energy incentives, and hydrogen roadmaps, to
accelerate the development and adoption of clean hydrogen solutions. In
parallel, advancements in material science are leading to the discovery of more
efficient storage materials with higher energy densities, better reversibility,
and enhanced safety features. This has resulted in significant investment from
both the public and private sectors to scale up material-based hydrogen storage
solutions, aligning with the global push towards a low-carbon economy.
The automotive
sector, particularly electric vehicles (EVs) powered by hydrogen fuel cells,
represents a key area of growth, where efficient hydrogen storage materials are
crucial for increasing vehicle range, reducing refueling time, and lowering
costs. As the world aims to reduce its carbon footprint and reliance on
non-renewable energy sources, the material-based hydrogen energy storage market
is expected to continue its growth trajectory, driven by increasing energy
demand, policy support, and technological advancements. As of 2024, renewable energy sources account for over 30% of global electricity generation, with solar and wind leading the expansion. Global investment in clean energy reached a record $1.8 trillion in 2023, surpassing fossil fuel investment for the first time. By 2050, it is projected that over 70% of global energy needs could be met by renewables, according to IEA forecasts. Additionally, more than 140 countries have committed to net-zero carbon targets, driving adoption of technologies like green hydrogen, energy storage, and electric mobility.
Advancements in
Hydrogen Storage Material Technologies
Innovations in
hydrogen storage materials are a significant driver for the growth of the
Material-Based Hydrogen Energy Storage Market. Over the past decade,
considerable progress has been made in the development of new materials for
hydrogen storage, including metal hydrides, chemical hydrides, and advanced
carbon-based materials. These materials offer high volumetric and gravimetric
energy densities, allowing for efficient and compact storage of hydrogen. Metal
hydrides, for example, are known for their high hydrogen storage capacities and
relatively low operating temperatures, making them an attractive solution for
both stationary and mobile hydrogen storage applications. Similarly, chemical
hydrides, which involve the chemical reaction of hydrogen with materials to
form stable compounds, offer the potential for higher energy densities and
faster hydrogen release rates. Green hydrogen production capacity is
projected to exceed 100 GW of electrolyzer capacity by 2030, backed by over
1,000 announced projects worldwide.
Carbon-based
materials, such as activated carbon and graphene, are also gaining traction due
to their lightweight, porous structures that can store hydrogen at lower
pressures, offering a safer alternative to traditional high-pressure gas
storage. These material advancements are not only improving the efficiency and
safety of hydrogen storage systems but also reducing costs. The cost reduction
is particularly important as the adoption of hydrogen energy systems increases
in sectors like transportation, where high-performance and cost-effective
storage solutions are crucial. Moreover, ongoing research into nanomaterials,
metal-organic frameworks (MOFs), and complex alloys holds promise for achieving
even higher storage capacities and faster hydrogen absorption and release
cycles. The number of countries with national hydrogen strategies rose to
over 40 by 2024, underscoring the strategic focus on clean hydrogen as a key
energy vector.
These
advancements are expected to enhance the commercial viability of material-based
hydrogen storage technologies, making them competitive with traditional energy
storage systems. As research funding and collaborations between academic
institutions, industry players, and government agencies continue to grow,
further breakthroughs in material science will likely drive continued progress
in the hydrogen energy sector, positioning material-based hydrogen storage as a
key enabler of a clean energy future.
Growing Hydrogen
Infrastructure and Industry Investments
The expansion of
hydrogen infrastructure and the increasing investments in the hydrogen economy
are significant drivers for the Material-Based Hydrogen Energy Storage Market.
As countries and industries commit to decarbonization goals, the demand for a robust
hydrogen infrastructure that can efficiently store and transport hydrogen is
rising. The establishment of hydrogen refueling stations, distribution
pipelines, and storage facilities is critical for scaling up the use of
hydrogen as a clean energy carrier. Material-based hydrogen storage systems are
central to this infrastructure, as they provide the necessary storage solutions
for both small-scale and large-scale hydrogen deployments.
The
transportation sector, especially hydrogen fuel cell electric vehicles (FCEVs),
requires efficient and reliable hydrogen storage systems to ensure practical
and widespread adoption. Similarly, stationary applications like power plants
and industrial sites that rely on hydrogen as a fuel source need advanced
storage systems to manage large volumes of hydrogen for energy generation. As a
result, governments are increasing their support for hydrogen infrastructure
development through funding, policy incentives, and public-private
partnerships. For example, the European Union's Hydrogen Strategy and Japan’s
hydrogen roadmaps emphasize the establishment of a comprehensive hydrogen
infrastructure, including hydrogen storage, as a key enabler of a carbon-neutral
economy.
In parallel,
major corporations, including oil and gas giants, automakers, and energy firms,
are ramping up investments in hydrogen storage technologies. These investments
are not only driving the development of material-based storage solutions but
also accelerating their commercialization. The growing interest in green
hydrogen, coupled with the need for cost-efficient and scalable storage
solutions, is encouraging manufacturers to invest in large-scale production and
distribution of hydrogen storage systems. This trend is further supported by
the increasing collaboration between governments and private companies,
ensuring that hydrogen storage technology continues to evolve in line with
market demands. With continued
investment and infrastructure development, material-based hydrogen storage
solutions will play a pivotal role in realizing a global hydrogen economy,
providing both short-term and long-term opportunities in the market.
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Key Market Challenges
High Production Costs and
Scalability Challenges
One of the primary challenges
faced by the Material-Based Hydrogen Energy Storage Market is the high
production costs associated with the materials and technologies involved. Metal
hydrides, chemical hydrides, and carbon-based materials, which are central to
hydrogen storage systems, often require specialized, costly manufacturing
processes and rare or expensive raw materials. For instance, metal hydrides are
typically made from alloys that include rare earth metals, which not only
increase the production cost but also introduce supply chain concerns due to
their limited availability.
The complex synthesis
processes, particularly in developing efficient chemical hydrides and
carbon-based storage materials, add additional financial strain, especially
when scaled for commercial use. The cost structure makes it difficult for these
technologies to compete with more conventional hydrogen storage solutions like
compressed or liquefied hydrogen, which, though also costly, have relatively
lower production costs at scale. Additionally, there are significant challenges
in optimizing the performance of these materials for commercial applications,
as they need to be both highly efficient in hydrogen absorption and release
while also being durable over extended use periods.
With the market’s focus on
reducing overall hydrogen storage costs to make it commercially viable, there
are still technical and financial hurdles to overcome before material-based
storage systems can become widespread. Efforts to scale up production and
enhance cost-efficiency through new materials and technological innovations are
ongoing, but these solutions are often in early stages and require substantial
capital investment and research. Until breakthroughs in material science and
manufacturing processes occur, achieving a cost-effective solution for
material-based hydrogen storage remains a significant barrier to market growth.
Limited Efficiency and
Durability of Storage Materials
Another critical challenge in
the Material-Based Hydrogen Energy Storage Market is the limited efficiency and
durability of storage materials, which impact their long-term commercial
viability. While material-based storage systems, such as metal hydrides and
chemical hydrides, show promise in storing hydrogen at higher densities and
under more stable conditions compared to other methods, they still face
significant issues related to their efficiency in hydrogen absorption and
release cycles. For example, metal hydrides tend to require high temperatures
to release stored hydrogen, reducing their energy efficiency and making them
unsuitable for certain low-temperature applications unless costly heating
systems are incorporated. Similarly, chemical hydrides, while efficient in
terms of hydrogen storage, face challenges related to the reversibility of the
chemical reactions involved in hydrogen release, making it difficult to reuse
the materials multiple times without a significant loss of efficiency.
Both metal hydrides and
chemical hydrides experience degradation over repeated cycles, which leads to a
reduction in their storage capacity and overall effectiveness. Carbon-based
materials, though promising due to their lightweight nature and potential for
high storage capacities, also face challenges in terms of their ability to hold
hydrogen at commercially viable rates and pressures without expensive
infrastructure. The efficiency of these materials can also decrease over time
due to structural degradation or contamination. The durability concerns result
in higher maintenance and replacement costs, which further discourage
widespread adoption.
As the material-based
hydrogen storage market is still in its developmental stages, continuous
improvements in material design, optimization of hydrogen absorption/desorption
processes, and durability enhancement are necessary to overcome these obstacles.
Until these performance issues are resolved, material-based hydrogen storage
systems may struggle to compete with other storage technologies that are more
reliable and efficient over extended usage periods.
Key Market Trends
Advancements in Metal Hydride
Technologies Driving Market Growth
One of the most significant
trends in the Material-Based Hydrogen Energy Storage Market is the ongoing
advancements in metal hydride technologies, which are driving the adoption of
hydrogen storage solutions across various industries. Metal hydrides, which are
alloys that can absorb and release hydrogen gas under specific conditions, have
gained significant traction due to their high volumetric hydrogen storage
capacity and relatively safe operation. These materials are particularly suited
for applications in transportation, such as fuel cell vehicles (FCVs), where
efficient, high-capacity storage systems are crucial for extending driving
range and improving overall vehicle performance.
Recent developments in metal
hydride compositions, including lighter, more stable, and cost-effective
alloys, have expanded their potential for large-scale hydrogen storage in
commercial applications. Researchers are exploring novel hydride materials that
offer faster hydrogen absorption and desorption rates, which can significantly
reduce fueling times, making hydrogen storage systems more competitive with
traditional fuel systems. Additionally, innovations in hybrid metal hydride
systems, which combine metal hydrides with other materials like carbon or
chemical hydrides, are enhancing storage efficiency and improving the
performance of hydrogen storage units in extreme temperatures.
Governments and industries
are increasingly supporting these advancements, recognizing metal hydrides as a
viable solution to meet energy storage needs while supporting clean energy
goals. As automotive manufacturers, particularly in the electric vehicle (EV)
sector, shift focus to hydrogen fuel cell technology, demand for reliable,
high-capacity metal hydride storage systems is expected to grow exponentially.
In parallel, investments in R&D from key players in the hydrogen storage
space, including major automotive companies and energy storage firms, are
accelerating this trend.
The scalability of metal
hydride storage systems is another factor contributing to their growing market
presence. They offer efficient storage in compact forms, enabling the
development of portable and stationary applications for residential,
commercial, and industrial use. Consequently, the material-based hydrogen
energy storage market is poised for substantial growth, particularly as fuel
cell technology matures and becomes more commercially viable.
Emergence of Chemical
Hydrides as a High-Efficiency Storage Solution
The emergence of chemical
hydrides as an efficient solution for hydrogen energy storage is another key
trend in the Material-Based Hydrogen Energy Storage Market. Chemical hydrides,
which are compounds formed by hydrogen and a chemical element, offer several
advantages over traditional storage methods, such as high gravimetric hydrogen
density and the ability to store hydrogen at lower pressures, reducing the need
for complex compression systems. This makes them particularly appealing for
mobile and portable hydrogen storage applications, including fuel cells for
vehicles, aerospace, and handheld devices. Unlike metal hydrides, chemical
hydrides can store hydrogen in a liquid or solid form, which increases
flexibility and scalability in storage systems.
Chemical hydrides are also
more stable and safer to handle than gaseous hydrogen, which is highly
flammable and requires high-pressure storage systems. Ongoing research into
chemical hydride systems has led to the development of more efficient hydride
materials, capable of faster hydrogen release and regeneration cycles, thus
enhancing the overall performance of hydrogen storage units. The development of
more cost-effective and sustainable chemical hydride solutions is expected to
drive broader adoption, especially in industries requiring high-density energy
storage solutions.
Applications in
transportation, where long-range hydrogen storage solutions are essential, are
especially benefitting from the advancements in this segment. Moreover,
chemical hydrides are increasingly being viewed as an essential component for
energy security, providing a stable and efficient means to store hydrogen for
future use. Governments and energy companies are focusing on chemical hydride
research to address the challenges associated with long-term, high-density
hydrogen storage, especially as they seek to reduce the carbon footprint of
traditional fossil fuels.
As hydrogen energy systems
become integral to global decarbonization strategies, chemical hydrides offer
an attractive storage solution to support the widespread deployment of
hydrogen-powered infrastructure. Additionally, advancements in regeneration techniques
for chemical hydrides, where the hydrogen can be extracted and used multiple
times, are helping to lower costs and enhance the sustainability of chemical
hydride systems, further boosting their potential in the market.
Increased Adoption of
Carbon-Based Materials for Hydrogen Storage in Stationary Applications
The growing adoption of
carbon-based materials for hydrogen energy storage is a notable trend in the
Material-Based Hydrogen Energy Storage Market, particularly for stationary
applications in industries such as energy, utilities, and large-scale storage systems.
Carbon-based materials, including activated carbon, carbon nanotubes, and
graphene, are gaining attention for their high surface area and ability to
store hydrogen through adsorption at relatively low pressures, making them an
attractive alternative to traditional compression-based methods. These
materials are capable of offering an ideal balance between hydrogen storage
capacity, efficiency, and cost-effectiveness. Carbon-based storage solutions
are particularly appealing for stationary applications where space is less
constrained, but cost-efficiency and scalability remain critical. Large-scale
hydrogen storage systems used in renewable energy integration, such as wind and
solar, often require solutions that can store excess energy during periods of
high generation for later use.
Carbon-based materials excel
in these scenarios due to their ability to store large volumes of hydrogen in a
compact form. Furthermore, advancements in carbon nanomaterials, such as
graphene and carbon nanotubes, are pushing the boundaries of hydrogen storage
by enhancing storage density and lowering the energy required for hydrogen
release. The ability of carbon-based materials to be used in modular storage
units makes them suitable for a wide range of applications, from residential to
industrial-scale systems. Additionally, the growing emphasis on clean energy
and the decarbonization of the power sector is driving research into improving
the efficiency of carbon-based storage systems, as they are seen as a promising
option for balancing hydrogen supply and demand in a clean, sustainable way.
These materials offer the
potential for cost-effective, long-term storage solutions that are safer and
easier to manage than traditional high-pressure storage tanks. As such, the
market for carbon-based materials in hydrogen energy storage is anticipated to
expand as businesses and governments seek to create more flexible and scalable
energy storage systems to complement renewable energy sources.
Segmental Insights
Material
Type Insights
The Metal Hydrides segment
held the largest Market share in 2024. The Metal Hydrides segment within the
Material-Based Hydrogen Energy Storage Market is experiencing significant
growth, primarily driven by the material’s superior energy density, safety
features, and efficiency in storing hydrogen. Metal hydrides, which are
chemical compounds formed by hydrogen and metals such as titanium, iron, or
magnesium, are highly effective in absorbing and releasing hydrogen gas at
moderate temperatures and pressures. This characteristic is particularly
valuable for applications in transportation and stationary energy storage,
where safe and efficient hydrogen storage is critical for performance and
operational viability.
As governments worldwide
intensify their focus on reducing carbon emissions and transitioning to
renewable energy sources, the demand for clean hydrogen as a viable energy
carrier has surged. Hydrogen, when used in fuel cells, produces only water as a
byproduct, making it a cornerstone of sustainable energy systems. Metal
hydrides offer several advantages that position them as a key solution for
large-scale hydrogen storage. Their ability to operate under relatively low
pressures compared to traditional high-pressure tanks reduces the risks
associated with hydrogen storage, making them more attractive for both
industrial and commercial applications. Furthermore, the high volumetric and
gravimetric hydrogen density of metal hydrides enables efficient storage in
compact spaces, a crucial factor for industries like automotive, where space
and weight constraints are significant.
As the global automotive
industry shifts toward fuel cell electric vehicles (FCEVs), metal hydrides are
increasingly being used for onboard hydrogen storage, offering a promising
alternative to compressed gas storage systems. In addition to the transportation
sector, the demand for metal hydrides in stationary energy storage is also
growing, particularly in regions with large-scale renewable energy projects,
such as wind and solar power. These energy systems often require efficient and
safe methods of hydrogen storage to smooth out supply-demand imbalances. Metal
hydride storage systems can store excess energy produced during peak generation
periods and release it when required, supporting grid stability and promoting
energy independence. Furthermore, advancements in material science and
engineering are continuously improving the performance of metal hydride-based
systems, leading to higher efficiency, lower costs, and greater cycle
stability.
These technological
improvements are helping to reduce the overall cost of hydrogen storage
systems, driving adoption across a wider range of industries. Additionally,
research into new metal alloys and composite materials is expanding the
potential applications of metal hydrides, allowing for even greater storage
capacities and faster hydrogen absorption and desorption rates. Government
policies and incentives for hydrogen technologies, particularly in Europe,
North America, and Asia, are further fueling investment in metal hydride-based
storage solutions. As countries commit to hydrogen as a key component of their
clean energy strategies, metal hydrides are positioned to play an essential
role in the global energy transition, providing a reliable, efficient, and
sustainable means of storing and transporting hydrogen at scale.
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Regional Insights
Largest Region
North America region held the
largest market share in 2024. The Material-Based Hydrogen Energy Storage Market
in North America is experiencing robust growth, driven by increasing
investments in renewable energy infrastructure, supportive government policies,
and the region's commitment to decarbonization. As the United States and Canada
intensify efforts to transition toward a clean energy economy, hydrogen has
emerged as a critical energy carrier capable of supporting long-term energy
storage, transportation decarbonization, and industrial energy needs.
Material-based hydrogen
storage solutions—particularly those utilizing metal hydrides, chemical
hydrides, and advanced nanomaterials—offer significant advantages over
traditional high-pressure or cryogenic hydrogen storage systems, including
enhanced safety, higher volumetric density, and operational efficiency. These
attributes are fueling their adoption across various sectors, including grid
energy storage, hydrogen refueling infrastructure, and fuel cell electric
vehicles (FCEVs). The U.S. Department of Energy (DOE) has launched several
initiatives, including the Hydrogen Shot and the Hydrogen and Fuel Cell
Technologies Office, to accelerate advancements in hydrogen storage
technologies and drive down costs.
Landmark legislation such as
the Inflation Reduction Act (IRA) and the Infrastructure Investment and Jobs
Act (IIJA) is injecting billions of dollars into hydrogen production and
storage projects, stimulating innovation and market expansion. North America's
rich renewable energy landscape, particularly in wind and solar, creates an
urgent need for effective energy storage systems to manage grid variability and
ensure stability. Material-based hydrogen storage provides a viable solution by
enabling the capture and storage of surplus renewable energy for later use,
facilitating the development of integrated hydrogen hubs and microgrid systems.
Moreover, the transportation sector in North America is undergoing a
transformative shift with increasing investments in zero-emission vehicle
technologies, where hydrogen plays a key role, especially in heavy.
Emerging region:
South America is
the emerging region in Material-Based Hydrogen Energy Storage Market. The
Material-Based Hydrogen Energy Storage Market in South America is witnessing
significant growth driven by the region’s increasing focus on clean energy
solutions, government policies promoting renewable energy adoption, and the
need for efficient hydrogen storage technologies. South America is rich in
renewable energy resources, particularly wind and solar, which are driving the
shift towards a low-carbon economy. As these intermittent energy sources become
more prevalent, the region is facing challenges related to energy storage and
grid stability. Material-based hydrogen energy storage, particularly using
advanced materials like metal hydrides, offers a promising solution to address
these challenges.
Hydrogen, as a
versatile energy carrier, can store excess renewable energy produced during
peak generation times and release it when demand is high, thereby supporting
grid stability and ensuring a continuous power supply. Countries like Brazil,
Chile, and Argentina are making significant investments in renewable energy
infrastructure and are increasingly turning to hydrogen as a storage solution
due to its potential to store large amounts of energy in a compact and safe
form. Additionally, South America’s push towards clean energy is supported by
international commitments to reduce carbon emissions, such as the Paris
Agreement, and the region is actively seeking to diversify its energy sources
to meet climate targets. This growing emphasis on decarbonization is driving
demand for hydrogen storage solutions that can complement the increasing use of
renewable energy.
The use of
material-based hydrogen storage technologies, such as metal hydrides, is
gaining traction due to their ability to safely and efficiently store hydrogen
under lower pressures than conventional high-pressure gas storage systems. This
makes them a more attractive option for South American countries, where safety
concerns and cost-effectiveness are critical factors in large-scale energy
projects. In addition, the advancement of material science and technology in
the region is improving the efficiency and affordability of these storage
solutions, making them more accessible for both industrial and commercial
applications. As the transportation sector in South America moves towards the
adoption of hydrogen fuel cell vehicles (FCVs) and the development of
hydrogen-powered public transport systems, the demand for reliable hydrogen
storage technologies is growing.
Metal hydrides,
due to their high hydrogen density and lower operational pressures, are
becoming a preferred choice for these applications, particularly in countries
like Brazil and Chile, where there is significant investment in hydrogen fuel
cell technology. The South American market also benefits from increasing
foreign direct investment (FDI) in clean energy technologies, with
international players entering the region to support the development of
hydrogen infrastructure. Government incentives, subsidies, and partnerships
with international stakeholders are helping to accelerate the adoption of
material-based hydrogen energy storage solutions.
As hydrogen is
seen as a potential driver of energy independence and security in the region,
particularly in areas where energy access is inconsistent, the demand for
efficient, scalable, and safe storage solutions will continue to rise. With a
favorable renewable energy landscape and growing support for hydrogen-based
technologies, South America is poised to become a key player in the global
material-based hydrogen energy storage market.
Recent Developments
- In March 2025,
Rux Energy and Bureau Veritas Marine & Offshore (BV) launched a Joint
Development Project (JDP) aimed at expediting the certification process for
cryogenic pressure vessels utilizing Rux’s advanced nanoporous materials.
Titled “Certification of Cryogenic Pressure Vessels for H2 Storage and
Transport,” the initiative will engage 30 specialists from France, Australia,
Singapore, and the UK. The project focuses on enhancing safety standards and
mitigating critical hazards associated with large-scale hydrogen storage and
transportation, representing a strategic step toward the commercial deployment
of next-generation hydrogen infrastructure solutions.
- In April 2025, Cummins Inc. launched a new turbocharger designed for hydrogen internal combustion engines (H2 ICE), marking a significant milestone for heavy-duty applications in Europe. The turbocharger supports Cummins' commitment to decarbonization and efficient, sustainable transportation solutions. The technology, meeting Euro VII emission standards, powers hydrogen engines for zero-emission vehicles, aligning with Cummins' Destination Zero strategy and reinforcing its leadership in hydrogen innovation for global decarbonization efforts.
- In March 2025, Aramco completed the acquisition of a 50% stake in the Blue Hydrogen Industrial Gases Company (BHIG), a joint venture with Air Products Qudra. BHIG will produce blue hydrogen from natural gas, incorporating carbon capture and storage technologies. The partnership aims to develop a hydrogen network in Saudi Arabia’s Eastern Province, supporting the growth of the refining, chemical, and petrochemical industries while reducing carbon emissions.
- In November 2024, Air Liquide announced a Euro 80 million investment to build a renewable hydrogen production unit at TotalEnergies' La Mède biorefinery in France. The 25,000-tonne-per-year unit will use recycled biogenic by-products to produce hydrogen for biofuels and Sustainable Air Fuels. Operational by 2028, the project will help cut CO₂ emissions by 130,000 tonnes annually and strengthen Air Liquide’s renewable hydrogen presence in the Fos-sur-Mer industrial basin.
- In April 2024, ENGIE surpassed the 1 TWh biomethane production capacity threshold with the acquisition of two units in the Netherlands, expanding its footprint in biomethane production alongside France and the UK. With a target of 10 TWh by 2030, ENGIE is investing heavily in renewable gases to drive the energy transition and decarbonize the European economy. The new plants in Hardenberg and Alkmaar add significant production capacity with expansion potential.
Key Market Players
- Air Liquide S.A.
- Air Products and Chemicals,
Inc.
- Cockerill Jingli Hydrogen
- Engie SA
- FuelCell Energy, Inc.
- ITM Power plc
- Linde plc
- Gravitricity
- Nel ASA
- SSE PLC
|
By Material Type
|
By Application
|
By Region
|
- Metal Hydrides
- Chemical Hydrides
- Carbon-Based Materials
|
- Transportation
- Stationary Storage
- Portable Devices
|
- North America
- Europe
- Asia Pacific
- South America
- Middle East &
Africa
|
Report Scope:
In this report, the Global Material-Based Hydrogen
Energy Storage Market has been segmented into the following categories, in
addition to the industry trends which have also been detailed below:
- Material-Based Hydrogen
Energy Storage Market, By
Material
Type:
o Metal Hydrides
o Chemical Hydrides
o Carbon-Based Materials
- Material-Based Hydrogen
Energy Storage Market, By
Application:
o Transportation
o Stationary Storage
o Portable Devices
- Material-Based Hydrogen
Energy Storage Market, By Region:
o North America
§ United States
§ Canada
§ Mexico
o Europe
§ France
§ United Kingdom
§ Italy
§ Germany
§ Spain
o Asia-Pacific
§ China
§ India
§ Japan
§ Australia
§ South Korea
o South America
§ Brazil
§ Argentina
§ Colombia
o Middle East & Africa
§ South Africa
§ Saudi Arabia
§ UAE
§ Kuwait
§ Turkey
Competitive Landscape
Company Profiles: Detailed analysis of the major companies
presents in the Global Material-Based Hydrogen Energy Storage Market.
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