Electrolyzer maker Electric Hydrogen has acquired hydrogen developer Ambient Fuels as part of a $400M deal to finance clean hydrogen projects worldwide. (Latitude Media)
Analysts see the move as part of an industry consolidation. 100+ manufacturers are chasing limited near-term demand, with fewer than 1% of announced green and blue hydrogen projects securing binding offtake agreements.
The deal lets Electric Hydrogen vertically integrate—selling both its equipment and the hydrogen produced—while better competing with Chinese suppliers who currently dominate the market.