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GlobalData: Hydrogen market growth to surge in 2023 despite slowing global economy

Green Car Congress

Hydrogen development, given its application across various industries, is indispensable to attaining energy transition, meeting decarbonization goals, and positioning leading companies as market experts. During 2022, over 393 deals related to hydrogen were closed, representing a significant increase compared to 277 deals registered in 2021.

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Hot spot for EV growth? Australia bucks global electric car sale trends in first quarter of 2024

The Driven EV News

Australia's EV sales showcase leading brands having greater success in local market thanks to buoyant demand. Australia bucks global electric car sale trends in first quarter of 2024 appeared first on The Driven. The post Hot spot for EV growth?

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HIF Global begins approval process for its first eFuels manufacturing facility in Australia; third globally

Green Car Congress

E-fuels company HIF (Highly Innovative Fuels) Global has begun the development of Australia’s first large-scale, carbon-neutral eFuels production facility in Tasmania. Our global plan is to produce over 8 billion liters a year of carbon-neutral eFuels—enough to decarbonize 5 million vehicles. Earlier post.).

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Global hydrogen station deployments surpass 1,000; China leads

Green Car Congress

The number of hydrogen stations deployed globally has surpassed the 1,000-mark, according to a study by Information Trends. China represents roughly one-third of global deployments, but the US lags far behind with less than 100 hydrogen stations. Another four Asia-Pacific countries have also deployed hydrogen stations.

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ULEMCo signs MoU with ENGV Pty Ltd to open the market for hydrogen conversions in Australia

Green Car Congress

UK-based ULEMCo signed an exclusive MoU with ENGV Pty Ltd to collaborate on developing a market for its hydrogen dual fuel technology in Australia. The scope of the agreement extends across Australia and into commercial vehicles, particularly heavy-duty applications like refuse collection, urban trucks, buses and prime movers.

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Deloitte forecasts clean hydrogen market to hit US$1.4T per year by 2050

Green Car Congress

In a new report , Deloitte forecasts that the clean hydrogen market will top the value of the liquid natural gas trade by 2030 and grow further to US$1.4 To achieve climate neutrality by 2050, the clean hydrogen market capacity can grow to 170 million tons (MtH 2 eq) in 2030 and to 600 MtH 2 eq in 2050. trillion per year by 2050.

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BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh

Green Car Congress

BNEF’s 2H 2022 Energy Storage Market Outlook sees an additional 13% of capacity by 2030 than previously estimated, primarily driven by recent policy developments. The US and China are set to remain the two largest markets, representing more than half of global storage installations by the end of the decade.