The power industry continues to be a hotbed of patent innovation. Activity is driven by an increasing need for long-term sustainability, reducing capital and operating expenses, and transitioning towards low-emission fuels, and growing importance of technologies such as hydrogen (H2) storage, fuel cells, green hydrogen and carbon capture. In the last three years alone, there have been over 695,000 patents filed and granted in the power industry, according to GlobalData’s report on Hydrogen in power: H2 storage pressure vessels. Buy the report here.
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According to GlobalData’s Technology Foresights, which uses over 83,000 patents to analyze innovation intensity for the power industry, there are 45+ innovation areas that will shape the future of the industry.
H2 storage pressure vessels is a key innovation area in hydrogen
H2 storage pressure vessels are metal or composite tanks used to store, transport, and use hydrogen as an energy source in a variety of applications such as fuel cell vehicles and hydrogen power production systems. These vessels are outfitted with safety safeguards to ensure that the pressurized hydrogen is handled and contained properly.
GlobalData’s analysis also uncovers the companies at the forefront of each innovation area and assesses the potential reach and impact of their patenting activity across different applications and geographies. According to GlobalData, there are 55+ companies, spanning technology vendors, established power companies, and up-and-coming start-ups engaged in the development and application of H2 storage pressure vessels.
Key players in H2 storage pressure vessels – a disruptive innovation in the power industry
‘Application diversity’ measures the number of applications identified for each patent. It broadly splits companies into either ‘niche’ or ‘diversified’ innovators.
‘Geographic reach’ refers to the number of countries each patent is registered in. It reflects the breadth of geographic application intended, ranging from ‘global’ to ‘local’.
Toyota Motor is one of the leading patent filers in H2 storage pressure vessels. In March 2022, Toyota Motor announced that it developed a hydrogen storage module that integrates multiple resin high-pressure hydrogen tanks at 70 MPa for automobiles. Some other key patent filers in the space include Honda Motor, Hyundai Motor, and General Motors.
In terms of application diversity, Robert Bosch Stiftung leads the pack, while Encite and CNH Industrial stood in the second and third positions, respectively. By means of geographic reach, CNH Industrial held the top position, followed by Porsche Automobil and Shinwa Controls.
To further understand the key themes and technologies disrupting the power industry, access GlobalData’s latest thematic research report on Hydrogen in Power.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
