Ottawa, Sept. 27, 2024 (GLOBE NEWSWIRE) -- The global green hydrogen market size was valued at USD 6.26 billion in 2023 and is predicted to surpass around USD 134.38 billion by 2033. Green hydrogen is produced from renewable energy sources, such as solar and wind energy. It produced through electrolysis process, which consists of splitting water into oxygen and hydrogen using electricity. Green hydrogen is more sustainable than grey hydrogen, as it emits less CO2. It is widely used in fuel cells to power vehicles and other heating systems. Therefore, the rising demand for fuel cells in electric vehicles is expected to propel the market.

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