Energy major bp has signed a memorandum of understanding with German conglomerate thyssenkrupp focused on the supply of low-carbon hydrogen and renewable power in steel production.
Despite a current shortage of electrolyser manufacturing capacity, the global green hydrogen sector is poised to benefit from a rapid ramp-up in electrolyser output over the coming years, according to Fitch Solutions.
German utility E.On has partnered with engineering major thyssenkrupp to plug large-scale hydrogen electrolysis plants into Germany’s grid using a renewables-backed virtual power plant (VPP).
