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Green Hydrogen Market to Grow by USD 46.25 Billion from 2024-2028, Adoption of Clean Fuel Boosts Growth, Report on the AI Impact on Market Trends – Technavio

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 NEW YORK, Nov. 11, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The global green hydrogen market size is estimated to grow by USD 46.25 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  66.83%  during the forecast period. Growing adoption of clean fuel is driving market growth, with a trend towards growing focus on using clean hydrogen in refineries. However, high initial cost  poses a challenge.Key market players include ACWA Power International, Air Liquide SA, Air Products and Chemicals Inc., Ballard Power Systems Inc., Bloom Energy Corp., Ceres Power Holdings plc, Cummins Inc., ERGOSUP, Green Hydrogen Systems, Guangdong Nation Synergy Hydrogen Power Technologies Co Ltd., Indian Oil Corp. Ltd., Jindal Steel and Power Ltd., Larsen and Toubro Ltd., Linde Plc, Loop Energy Inc., Nel ASA, Nikola Corp., Plug Power Inc., Siemens Energy AG, and Solena Group.

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Green Hydrogen Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 66.83%

Market growth 2024-2028

USD 46249.8 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

50.43

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 57%

Key countries

China, Germany, US, Japan, and France

Key companies profiled

ACWA Power International, Air Liquide SA, Air Products and Chemicals Inc., Ballard Power Systems Inc., Bloom Energy Corp., Ceres Power Holdings plc, Cummins Inc., ERGOSUP, Green Hydrogen Systems, Guangdong Nation Synergy Hydrogen Power Technologies Co Ltd., Indian Oil Corp. Ltd., Jindal Steel and Power Ltd., Larsen and Toubro Ltd., Linde Plc, Loop Energy Inc., Nel ASA, Nikola Corp., Plug Power Inc., Siemens Energy AG, and Solena Group

Market Driver

The Green Hydrogen market is surging as businesses and governments seek clean energy solutions for their energy needs. Renewable energy sources like wind and solar are driving the production of hydrogen through electrolysis. Electrolysis uses alkaline or Proton Exchange Membrane (PEM) electrolyzers to separate hydrogen from water. Major players like Air Liquide are investing in renewable liquid hydrogen, produced from excess renewable energy. Supportive policies in regions like California, with de-carbonization targets, are boosting demand. Hydrogen can be used as a fuel in fuel cells for transportation, power generation, and even in internal combustion engines. It’s also being explored for heating applications, aircraft fuel, and space applications. The International Energy Agency predicts a significant increase in hydrogen production as part of the energy transition to a carbon-free economy. Companies like Engie and Hydrogenics are leading strategic initiatives in hydrogen production and infrastructure development. The challenge lies in efficiency and environmental issues, but alternative energy sources like natural gas-hydrogen fuel mixtures offer a potential solution. Investment plans are on the rise as the world moves towards a low-carbon economy and combats climate change. Offshore wind is a promising source for hydrogen production at commercial scale. The future of the hydrogen economy looks bright, with opportunities in various sectors and applications. 

The refining industry is a significant consumer of hydrogen, utilizing it for various purposes such as refining crude oil into refined fuels and removing impurities like sulfur. According to the US Energy Information Administration (US EIA), this demand is increasing due to stricter regulations on sulfur content in distillate fuel oil. One notable initiative promoting the use of clean hydrogen in refineries is the REFHYNE project, which commenced in January 2018 and concluded in December 2022. This European Union-funded project aimed to demonstrate the feasibility of using renewable hydrogen in refineries, contributing to the reduction of greenhouse gas emissions. 

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 Market Challenges

The Green Hydrogen market is gaining momentum as businesses and governments seek clean energy solutions for their energy needs. Renewable energy sources like wind and solar are key to producing hydrogen through electrolysis. However, challenges exist in scaling up production using alkaline electrolyzers and PEM electrolyzers with proton exchange membranes. Commercial-scale production and transportation via pipelines require significant investment. Fuel cells, used in transportation and power generation, offer efficiency and low carbon emissions. Hydrogen can also replace natural gas in internal combustion engines, power aircraft, and serve various domestic and space applications. Supportive policies in regions like California, driven by de-carbonization targets, are crucial. Companies like Air Liquide, Engie, and Hydrogenics are leading the way in renewable liquid hydrogen production. The International Energy Agency encourages the transition from fossil fuels to a hydrogen economy, addressing environmental issues and greenhouse gas emissions. Solid oxide electrolyzers and heating applications are also strategic initiatives. Offshore wind is a promising source for hydrogen production in a carbon-free economy.Green hydrogen, produced through water electrolysis using renewable energy, carries a higher initial cost compared to grey hydrogen derived from natural gas. The setup cost for a green hydrogen production plant is substantial. On average, green hydrogen costs around 2-3 times more than grey hydrogen. Fuel cells used for green hydrogen power are priced 1.5 to 2 times higher than their fossil fuel counterparts. As a synthetic fuel, green hydrogen’s cost is nearly 5-7 times more than fossil jet fuel. According to The Energy and Resources Institute (TERI), the production cost of green hydrogen is approximately USD5USD6 per kg. This rate makes it economically unfeasible for industries such as steel, fertilizer, and long-range shipping to adopt green hydrogen as a fuel source.

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Segment Overview 

This green hydrogen market report extensively covers market segmentation by  

End-user 1.1 Chemical1.2 Power1.3 Industrial1.4 OthersTechnology 2.1 Alkaline electrolyzer2.2 Polymer electrolyte membrane (PEM) electrolyzerGeography 3.1 APAC3.2 Europe3.3 North America3.4 Middle East and Africa3.5 South America

1.1 Chemical-  Green hydrogen is a crucial supply in the chemical industry, primarily used for synthesizing methanol and ammonia. These chemicals are essential ingredients in manufacturing methanol, polymers, and ammonia, significantly contributing to the fertilizer sector. Green hydrogen also finds application in producing chemical compounds such as paints, synthetic fibers, nylon, polyurethane elastomers, and plasticizing plastics. The chemical industry’s rising demand for green feedstock or precursor molecules, like ammonia and methanol, produced using low-CO2 hydrogen and green hydrogen, is a significant growth driver. These green chemicals are further converted into high-value end-products for various sectors, including automotive, electronics, and pharmaceuticals. Additionally, methanol derived from green hydrogen is used as a direct fuel or blended fuel, such as gasoline, and in LPG streams, increasing its demand in the transportation sector. China is a notable consumer of methanol and its derivatives, blending it into gasoline pools or LPG streams as a cost-effective substitute. Consequently, the expanding demand for fertilizers, direct fuels, and domestic fuel products will propel the growth of the global green hydrogen market during the forecast period.

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Research Analysis

The Green Hydrogen market is a rapidly growing sector in the renewable energy industry, focused on producing hydrogen through electrolysis using only renewable energy sources such as wind and solar. This process is key to the Hydrogen Economy, which aims to reduce carbon emissions by replacing fossil fuels with clean energy solutions. Electrolysis involves passing an electric current through water to split it into hydrogen and oxygen. Alkaline electrolyzers and Proton Exchange Membrane (PEM) electrolyzers are the two main types. Renewable liquid hydrogen produced at commercial scale is transported through pipelines for use in various sectors, including transportation via fuel cells in cars, buses, and trucks, as well as in power generation, aviation, and industrial processes. Supportive policies and advancements in technology are driving the growth of this market, as the world seeks to address energy needs while reducing greenhouse gas emissions and transitioning away from fossil fuels. The International Energy Agency projects that hydrogen could meet up to 24% of global energy demand by 2050. However, challenges remain, including efficiency concerns and environmental issues related to hydrogen production and transportation. Alternative energy sources, such as natural gas-hydrogen fuel mixtures, are also being explored to improve the economic viability and reduce the carbon footprint of hydrogen production.

Market Research Overview

The Green Hydrogen market is a rapidly growing sector in the renewable energy industry, focused on producing hydrogen through electrolysis using only renewable energy sources such as wind and solar. This clean energy solution is a key component of the hydrogen economy, which aims to reduce carbon emissions and transition to low-carbon sources for various energy needs. Electrolysis involves passing an electric current through water to split it into hydrogen and oxygen. There are two main types of electrolyzers: alkaline and Proton Exchange Membrane (PEM). At commercial scale, hydrogen can be used as a fuel for transportation, fuel cells, internal combustion engines, hydrogen-powered aircraft, and power generation. It also has applications in heating, domestic use, and even in space. Supportive policies and investment plans, especially in regions like California with de-carbonization targets, are driving the growth of the green hydrogen market. The International Energy Agency has identified hydrogen as a crucial alternative energy source in the fight against fossil fuels and greenhouse gas emissions. Companies are also exploring strategic initiatives, such as natural gas-hydrogen fuel mixtures, to make the transition more feasible. The hydrogen production process itself is undergoing innovation, with the development of solid oxide electrolyzers and offshore wind integration.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userChemicalPowerIndustrialOthersTechnologyAlkaline ElectrolyzerPolymer Electrolyte Membrane (PEM) ElectrolyzerGeographyAPACEuropeNorth AmericaMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Hilco Global Engaged by Stan Lee Holdings to Sell Rare & Valuable Intellectual Property Portfolio

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NEW YORK, July 24, 2026 /PRNewswire/ — Hilco Global, a diversified financial services company that delivers expert professional services and capital solutions to help clients maximize value and drive performance across the business lifecycle, is pleased to announce that its IP Services practice has been engaged by Stan Lee Holdings, Ltd. (“SLH”) to sell a legendary portfolio of intellectual property developed by Stan Lee, the iconic “father of the super hero.” Known as the Omniverse Collection created by Stan Lee, the portfolio represents a treasure trove of original characters and source material developed by Stan when he was leading Marvel Comics and when he built Stan Lee Entertainment – the first super hero animation studio created for the Internet age. This rare and valuable collection of Intellectual Property encompasses dozens of compelling super heroes and stories conceived by Stan from 1999 to 2001 as well as a franchise comprising over 50 well-known characters – the only franchise of Marvel-created characters not owned by Marvel. Full details of the collection, including the individual characters, franchises, and story properties it comprises, will be released in the coming weeks.

Through this collaboration, Hilco Global will work alongside SLH and former EVP of Marvel Entertainment Shirrel Rhoades to find a new home for a body of largely underleveraged super hero and other characters, as well as world-building intellectual property. Numerous supporting  scripts, episodes, and development materials spanning Stan Lee’s career are also part of the offering.

“The Omniverse Collection created by Stan Lee is one of the most significant super hero IP offerings of the decade,” said Eric Hurwitz, Senior Director of the Hilco Global IP Services practice. “This large, diverse portfolio presents the opportunity to capitalize on untapped material with an unmatched pedigree. A buyer essentially has a blank slate to bring these characters to fans worldwide and expand on Stan Lee’s legacy. Hilco Global is thrilled to bring these assets to market, leveraging deep experience across intellectual property and media valuation, licensing, and transaction execution.”

Among the intellectual property being offered is a hidden gem; a connected entertainment universe of Stan Lee’s own creation. “This one-of-a-kind IP collection illustrates just how far ahead Stan was in understanding the future of entertainment,” observed Shirrel Rhoades, who was handpicked by Stan Lee to succeed him as publisher of Marvel. “What we’re bringing to market isn’t a collection of isolated ideas. It’s pieces of one larger vision, a living digital universe in which characters can be created, experienced, and expanded across every form of media.”

Parties can reach out to Ehurwitz@hilcoglobal.com to register interest. More information about the offering, the individual properties within the collection, and the sale process will become available soon.

About Hilco Global:  Hilco Global, a subsidiary of ORIX Corporation USA, is a diversified financial services company that delivers integrated professional services and capital solutions that help clients maximize value and drive performance across the retail, commercial and industrial, real estate, manufacturing, and intellectual property sectors. Hilco Global provides a range of customized solutions to healthy, stressed, and distressed companies to resolve complex situations and enhance long-term enterprise value. Hilco Global works to deliver the best possible result by aligning interests with clients and providing strategic advice and, in many instances, the capital required to transact. Hilco Global is based in Northbrook, Illinois and has more than 810 professionals operating on four continents. Visit www.hilcoglobal.com

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SOURCE Hilco Trading, LLC

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GR0 to Acquire Ultimate AI’s Deployment Division and Launch GR0 AI, Turning Brands’ Existing Customer Data Into Revenue

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The new company pairs GR0’s performance marketing distribution with Ultimate Deployment’s AI agents and customer intelligence to build AI revenue systems for DTC and ecommerce brands; in one early deployment, AI-led customer conversations were associated with more than $350,000 in sales.

LOS ANGELES, July 24, 2026 /PRNewswire/ — GR0, the Los Angeles-based digital marketing agency, today announced plans to acquire Ultimate Deployment and launch GR0 AI, a new company that builds and deploys AI revenue systems for direct-to-consumer (DTC) and ecommerce brands. GR0 AI combines GR0’s performance marketing expertise, client relationships and sales infrastructure with Ultimate Deployment’s technology and experience deploying AI agents inside operating businesses.

“AI is creating an entirely new performance channel for brands,” said Jon Zacharias, co-founder and president of GR0. “Most companies already have the traffic, customer data and demand. What they’re missing is an intelligent system that knows who to contact, what to say and when to say it. GR0 AI turns the customer signals brands already own into personalized conversations and measurable revenue.”

The approach is already producing results. In one early deployment, AI-led customer conversations were associated with more than $350,000 in sales during a period in which the brand generated approximately $1 million in total revenue. GR0 AI deployments include attribution and incrementality reporting so brands can measure both assisted and directly generated revenue.

GR0 AI deploys inside a brand’s existing commerce, CRM, email, SMS, phone and customer-data infrastructure. Its systems:

Identify and prioritize high-intent customers and prospects Personalize outreach and follow-up based on customer behavior and company data Conduct two-way conversations across messaging channels, recovering revenue from abandoned carts, dormant customers and unconverted leads Escalate complex or high-value opportunities to human sales and support teams Measure the revenue associated with AI-driven interactions

“Most brands do not have a demand problem.  They already have thousands of customers and prospects sitting inside their systems,” said Ben Ganz, founder of Ultimate Deployment. “We build the company brain, unify the data and deploy AI employees that act on that intelligence. The opportunity falls into two buckets: recover the demand a brand has already earned, and make sure no new opportunity slips through the cracks. GR0 gives us the distribution, market access and operating experience to bring this to hundreds of brands.”

Ganz has spent his career at the intersection of entertainment and technology. He began as a producer on American Idol before moving into digital leadership at Fox, then founded VEGO Pictures, a digital production and technology company that worked with major entertainment and consumer brands and served as in-house production partner to Kevin Hart’s Laugh Out Loud Network. He also co-founded a virtual events company that produced digital graduation experiences for hundreds of thousands of students during the COVID-19 pandemic.

From there, Ganz and his team moved to the frontier of consumer AI, creating what FOX News called Hollywood’s first AI interactive voice experience. They powered AI personalities for creators with a combined audience of 100 million followers and engineered the world’s first AI assembly line for replicating personalities at scale, work the Hollywood Reporter recognized as the “Real-life Her.”  Ultimate Deployment then turned that conversational AI expertise toward the enterprise, building systems that connect company knowledge, customer data, and operational software with AI agents capable of performing real, meaningful business work.

“Ben and his team have built something with the potential to become a major new revenue channel for ecommerce companies,” Zacharias said. “We have seen very few offerings create this level of excitement among sophisticated performance marketers.”

Every GR0 AI engagement begins with an intensive discovery and implementation process: the team interviews key employees, maps the company’s systems and builds a centralized intelligence layer around the business. Lead scoring and prioritization are connected to the brand’s CRM before customer-facing AI agents go live.

“The technical opportunity is clear, and our job is to make it just as clear commercially,” said Kevin Miller, founder and CEO of GR0. “A brand that works with GR0 AI will know exactly what is being installed, how quickly it goes live and what revenue it is producing.”

The acquisition is expected to close this quarter, subject to completion of definitive agreements. Financial terms were not disclosed.

Brands interested in early GR0 AI deployments can learn more at www.gr0.com.

About GR0

GR0 is a full-service digital marketing agency that helps DTC and ecommerce brands accelerate growth through data-driven performance marketing, creative strategy and emerging technology. Co-founded by Kevin Miller and Jon Zacharias, GR0 provides services across SEO, Generative Engine Optimization, paid media, email, SMS, creative, affiliate and marketplace growth, and was among the first agencies to build a dedicated GEO practice, which is recognized by VentureBeat as one of America’s premier Generative Engine Optimization agencies. GR0 is headquartered in Los Angeles. Learn more at GR0.com.

About Ultimate Deployment

Ultimate Deployment builds AI employees for growing companies. Founded by Ben Ganz, the company captures how a business operates, organizes its institutional knowledge, connects its systems and deploys AI agents that perform real operational work across sales, customer experience, marketing, finance and internal teams.

Before its enterprise focus, Ultimate Deployment’s team built consumer AI at entertainment scale, creating Hollywood’s first interactive voice experience, powering AI personalities for creators with a combined audience of 100 million followers and engineering the world’s first AI assembly line for replicating personalities’ work featured by Fox News and recognized by The Hollywood Reporter as the real-life Her.

About Ultimate AI

Ultimate AI, founded by Ben Ganz, is a holding company building AI across consumer and enterprise. It launched during the first wave of consumer generative AI as an early AI super app, bringing more than 100 AI tools and assistants into a single consumer platform that peaked within the top 10 of its Apple App Store category, according to company data. The company then expanded into creator AI, developing technology that lets public figures build interactive AI experiences around their personality, voice, knowledge and content. In 2024, Ultimate AI created Pookie Tools (widely known as the Hawk Tuah AI app), whose launch generated more than 400 million organic social media views and more than 10,000 downloads in its first seven days with no paid marketing, according to company data. It went on to develop real-time voice and personality products, including an experience Fox News described as Hollywood’s first real-time AI experience.

Ultimate Deployment, the enterprise arm that GR0 is acquiring, formed in March 2026 following the release of frontier agentic models from Anthropic and OpenAI, and applies that technology inside operating companies. It builds AI employees that capture how a business operates, unify its data and systems, and perform real operational work across sales, customer experience, marketing, finance and internal teams.

Company: GR0
Media Contact Name: GR0 Agency
Media Contact Email: press@gr0.com
Phone: +1 (310) 439-1887
Address: Los Angeles, CA, USA
Website: https://gr0.com/

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SOURCE GR0.com LLC

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Tech Mahindra and Cisco Partner to Bring AI-Driven Security Service Edge to Global Enterprises

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PUNE, India, July 24, 2026 /PRNewswire/ — Tech Mahindra (NSE: TECHM), a leading global provider of technology consulting and digital solutions to enterprises across industries, announced a partnership with Cisco to deliver an AI-driven Security Service Edge (SSE) offering for global enterprises. The joint offering will help enterprises reduce security complexity, improve visibility and control, deliver seamless user access, and strengthen resilience as they scale cloud, hybrid work, and AI adoption.

The partnership combines Tech Mahindra’s global managed services, integration, and delivery expertise with Cisco’s industry-leading Security Service Edge (SSE) platform (Cisco Secure Access) to provide unified, cloud-native security and seamless zero-trust access across users, devices, networks, and locations. For Tech Mahindra, the partnership strengthens its cybersecurity portfolio with differentiated, high-value managed security services, expands its addressable market, and accelerates pipeline growth in cloud security.

Saket Singh, SVP & Business Head – Digital Core Services (Cloud, Infrastructure, Network and Cyber Security Services), Tech Mahindra, said, “As enterprises increasingly operate in hybrid and distributed environments, security must evolve from siloed controls to unified, cloud-native platforms. Fragmented tools, inconsistent user experiences, and rising threats are creating visibility and control gaps as applications are accessed from anywhere. Through our partnership with Cisco, we are combining advanced SSE capabilities with Tech Mahindra’s managed services expertise to simplify operations, strengthen zero-trust enforcement, and deliver consistent, AI-powered protection at scale.”

By integrating a secure web gateway, cloud access security broker (CASB), zero trust network access (ZTNA), firewall-as-a-service, data loss prevention (DLP), and much more into a single platform, the offering simplifies security operations and delivers AI-powered protection. Enterprises benefit from end-to-end visibility, faster deployment, and a streamlined path to modernizing their security architecture while accelerating secure cloud adoption and cyber resilience. Additionally, as enterprises inevitably step into the agentic era, this solution provides robust and rapidly expanding protections for the use of generative AI and AI agents.

Raj Chopra, SVP & Chief Product Officer, Cisco Security Business Group, said, “Enterprises don’t need another tool to stitch into an already complex security stack. They need a simpler way to secure how work actually happens across users, devices, applications, clouds, and increasingly AI agents. Cisco Secure Access brings zero trust, identity context, and AI-powered protection into one cloud-delivered platform, helping teams enforce policy consistently while giving users seamless access from anywhere. Together with Tech Mahindra’s global managed services and integration expertise, we can help organizations modernize security operations, accelerate secure cloud and AI adoption, and move with confidence in the agentic era.”

The integrated SSE solution reinforces Tech Mahindra and Cisco’s leadership in unified cloud-security, helping enterprises simplify secure access, strengthen resilience and accelerate digital transformation in an increasingly distributed and AI-driven world.

 

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SOURCE Tech Mahindra

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