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The past two years have seen a significant increase in investment announcements for hydrogen electrolyzers, particularly led by China. According to a report by the Washington-based Energy Research Unit, global investment in electrolyzers used to produce green hydrogen is projected to rise by 140% to $5 billion in 2024.

Sarawak Economic Development Corporation (SEDC)’s subsidiary, SEDC Energy Sdn Bhd (SEDCE), and Gentari Hydrogen Sdn Bhd have formalized a joint venture to develop the Sarawak H2 Hub, a large-scale hydrogen production facility in Bintulu.