Electrolyser investment to increase by 140%, reports IEA

The International Energy Agency (IEA) has forecasted that investment in electrolyser projects will reach $5bn in 2024.

Representing a 140% increase across the globe, the IEA has predicted the jump is due to new capacity additions and cost inflation in the sector.

China expects to see a 140% increase, accounting for 40% of global investment, whilst Europe will increase by 120% in investment this year, less than one-third of global investment in electrolysers.

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