The Green Hydrogen market is growing and it is growing exponentially. Cipher Neutron is a growing company, growing exponentially in the Green Hydrogen market.
In today’s hydrogen production, steam methane reforming accounts for more than 95 percent of the worldwide production of hydrogen also known as grey hydrogen. Steam reformers use heat, pressure, and catalysts to produce hydrogen gas from fossil fuels such as natural gas. This process generates about ten kilograms of carbon dioxide (CO2) per kilogram of hydrogen produced. As per the International Energy Agency, current production of grey hydrogen, mainly used in the chemical and petrochemical sectors, is responsible for more than 900,000,000 tonnes of CO2 emissions per year. As a result, switching those industry sectors to low-emission hydrogen use is a priority.
The Green Hydrogen target market of Cipher Neutron includes the global industry participants using Hydrogen as a process gas such as oil and gas, fertilizers, methanol and other chemical producers, Hydrogen fuel stations for emerging Hydrogen vehicles, natural gas blenders and steel producers.
Green Hydrogen is the only hydrogen type fully compatible with net-zero emission targets and sustainable, climate-safe energy use. Green Hydrogen produced by AEM Electrolysers of dynaCERT and CN, has the potential to emerge as a vital clean energy carrier. The global Green Hydrogen market size is valued by Grand View Research at USD 3.2 Billion in 2021 and is expected to expand at a compound annual growth rate or CAGR of 39.5% from 2022 to 2030.
Target Market
The growing demand for reliable emergency preparedness devices in the world has created an international need for an economically viable source of backup electricity during periods of surging prices and times of natural disasters, war and suffering. Cipher Neutron’s Reversible Fuel Cell technology can provide carbon free power storage in the form of hydrogen and supply of electric power on demand at attractive prices.
Emerging off-grid solar and wind power projects use electrolysers for hydrogen production used to store energy and for later use in Fuel Cells to supply uninterrupted power to their intended loads. These Hydrogen projects typically include expensive and costly energy sources, electrolysers, hydrogen compressors, hydrogen storage tanks and fuel cells. Our Reversible Fuel Cell technology reduces such costs significantly.
Target Market
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