Agfa-Gevaert warns of EU electrolyser consolidation as hydrogen market slows
Membrane maker Agfa-Gevaert expects to see a further consolidation of Western European electrolyser manufacturers as the green hydrogen market slows
The Belgian firm, which supplies its Zirfon separator membranes to a large portion of the alkaline electrolyser market, reported an 18% decrease in sales of the product in Q1 2025 from the same period in 2024.
Overall, the company reported revenues of €242m ($272m) in the quarter, down €8m ($8.9m) on Q1 2024.
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