Hydrogen energy storage is the process in which the surplus of energy created by renewables during low energy demand periods is used to power electrolysis. The process helps in increasing the efficiency of sustainable energy supply systems in the electric grid, transportation fuels, and gas pipeline systems. North America is likely to witness high demand for hydrogen energy storage on account of the increasing use of hydrogen gas in oil refineries and chemical industries in the region. Additionally, stringent regulations and a rise in fuel cell applications are likely to promote the growth of the hydrogen energy storage market.
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Top Key Major Players:-
- Air Products and Chemicals, Inc.
- Chart Industries, Inc.
- FuelCell Energy, Inc.
- GRZ Technologies Ltd.
- H2GO Power
- Linde PLC
- McPhy Energy S.A.
- Nel ASA
- Plug Power Inc.