Hydrogen storage refers to the methods and technologies used to safely store hydrogen gas for various applications. Since hydrogen is a gas at room temperature and pressure, storing it efficiently is critical for its use as a clean energy source. Common methods include compressing hydrogen gas into high-pressure tanks, liquefying it at extremely low temperatures, or absorbing it into solid materials like metal hydrides or carbon-based structures. Each method has its advantages and challenges, which affect storage capacity, safety, and energy efficiency.
According to BCC Research, the global hydrogen storage market is projected to increase from $5.3 billion in 2023 to $7.7 billion by the end of 2028, with a compound annual growth rate (CAGR) of 7.6% from 2023 through 2028. In terms of volume, the market is anticipated to reach 3.1 million metric tons (MMT) with a CAGR of 12.1%. This growth is fueled by increased demand for clean energy solutions and advancements in storage technologies.