Key Hydrogen Energy Storage Market Players:
- Air Liquide S.A.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Linde plc
- Plug Power Inc.
- NEL ASA
- Toho Gas Co., Ltd.
- Hydrogenics (Cummins Inc.)
- ITM Power plc
- Sungrow Hydrogen
- Hazer Group Limited
- Reliance Industries Limited (RIL)
- Sime Darby Berhad (GreenTech unit)
- Ballard Power Systems Inc.
- Iwatani Corporation
- Mitsubishi Heavy Industries Ltd.
- Toshiba Energy Systems & Solutions
The hydrogen energy storage market is currently characterized by a combination of more established energy giants and tech-savvy innovators. Companies like Air Liquide, Linde, and Plug Power are worldwide players with vertically integrated hydrogen ecosystems in Japan. Four players - Toho Gas, Iwatani, Mitsubishi Heavy Industries, and Toshiba - are active in both hydrogen infrastructure and fuel cells. U.S. and European businesses are focused on grid storage and mobility applications, while emerging players from India, Australia, and Malaysia also benefit from their respective abundance of green hydrogen projects. Competition from these players is based on partnerships, scaling electrolyzers, and government pilot project support through 2034.
Some of the key players operating in the market are listed below:
