The global power industry experienced a 64% decline in the number of hydrogen-related patent applications in Q2 2023 compared with the previous quarter. The total number of hydrogen-related grants dropped by 41% in Q2 2023, according to GlobalData’s Patent Analytics. GlobalData’s Hydrogen in Power – Thematic Research report assesses strategies and initiatives adopted by power companies to gain a competitive advantage in the hydrogen sector, key trends and the leading companies in the market. Buy the report here.
Notably, the number of hydrogen-related patent applications in the power industry was 137 in Q2 2023, versus 380 in the prior quarter.
The top five companies accounted for 24% of patenting activity
Analysis of patenting activity by companies shows that Bloom Energy filed the most hydrogen patents within the power industry in Q2 2023. The company filed 9 hydrogen-related patents in the quarter, compared with 3 in the previous quarter. It was followed by Vaillant with 8 hydrogen patent filings, Xi'an Thermal Power Research Institute (6 filings), and Huaneng Clean Energy Research Institute (5 filings) in Q2 2023.
Patenting activity was driven by the US with a 43% share of total patent filings
The largest share of hydrogen related patent filings in the power industry in Q2 2023 was in the US with 43%, followed by China (26%) and Germany (4%). The share represented by the US was 24% higher than the 19% share it accounted for in Q1 2023.
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