What is Hydrogen?

  • Most abundant element in the universe

  • Reacts readily with oxygen, releasing considerable amounts of energy and water as the only byproduct

  • Can be produced through two pathways:

    1. From natural gas via steam methane reforming (SMR)
    2. From electricity via water electrolysis
  • Long history of use in industry for chemical processing

  • Hydrogen produced from renewable electricity is an effective way to decarbonize industries that use gas, such as chemical processing and transportation

  • Sustainable hydrogen production represents a method of long-term energy storage that can be used to distribute clean renewable energy globally

Large Market Opportunity



Market Maturity



Market Maturity


  • Petro-chemicals
  • Fertilizers
  • Resource refining & smelting
  • Heating
  • Feedstock for low emissions chemicals
Market Maturity
  • Long historical use of hydrogen in industry


  • Material handling equipment
  • Buses & trains
  • Heavy vehicles
  • Marine vessels
  • Vehicle range
  • Weight & payload capacity
  • Quick refueling
Market Maturity
  • Buses & forklifts at commercial readiness
  • Trucks & marine vessels in pilot stages

Stationary Energy

  • Large scale energy storage
  • Power to gas
  • Grid stabilization
  • Back-up energy supply
  • Efficient long term & seasonal storage
  • Low maintenance
  • Reliable
  • Low emissions
Market Maturity
  • Small to medium scale storage in active use
  • Massive scale hydrogen storage in development


  • LH2
  • Ammonia
  • LOHC
  • Bulk renewable & sustainable energy distribution
Market Maturity
  • In early research & development stages

How is Hydrogen generated

Green hydrogen

Is the fuel of the future and with Next Hydrogen water electrolyzers that fuel can be produced faster, cleaner and cheaper than traditional methods. It almost eliminates emissions by using renewable energy – while capturing the entire output range, even when intermittent – to power the electrolysis of water.

Water electrolysis is a process where low voltage current is run through water to break the molecule into hydrogen and oxygen. When renewable electricity is used to generate hydrogen, it is called green hydrogen.

Blue hydrogen

Is produced from fossil fuels (natural gas) with carbon capture and storage. While much cleaner than grey and brown hydrogen, it is far from emission-free.

Grey hydrogen

The majority of the gas currently used as an industrial chemical is either brown hydrogen if it’s produced through the gasification of coal or lignite, or grey hydrogen if it is made through steam methane reformation which uses natural gas as the feedstock. Neither of these processes are carbon-friendly.