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

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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.

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SK makes strategic investment in clean hydrogen company Monolith; “cyan hydrogen”

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SK Corp, the holding company of SK Group, has made a strategic investment in Monolith , a US company that has developed a plasma-based process to produce “cyan” hydrogen—between green (via electrolysis using renewable energy) and blue (conversion of methane accompanied by CO 2 capture and storage). The Monolith process.

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DOE releases draft guidance for Clean Hydrogen Production Standard (CHPS)

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The US Department of Energy (DOE) released draft guidance for a Clean Hydrogen Production Standard (CHPS), developed to meet the requirements of the Bipartisan Infrastructure Law (BIL), Section 40315. by employing high rates of carbon capture, using low-carbon electricity, or mitigating upstream methane emissions).

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ACE selects Topsoe as low carbon technology provider for proposed $7.5B clean hydrogen-ammonia project

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Ascension Clean Energy (ACE), a joint venture led by Clean Hydrogen Works (CHW), selected Topsoe to provide licensing, engineering, proprietary hardware, and catalyst for its planned world-scale clean energy production and export facility in Ascension Parish, Louisiana. The projected $7.5-billion The projected $7.5-billion

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DOE awards $22.1M to 10 nuclear technology projects including clean hydrogen production

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million to 10 industry-led projects to advance nuclear technologies, including two aimed at expanding clean hydrogen production with nuclear energy. Westinghouse Electric Company, Front-End Engineering Designs and Investigative Studies for Integrating Commercial Electrolysis Hydrogen Production with Selected Light-Water Reactors.

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Aurora Hydrogen raises $10M Series A; microwave pyrolysis of natural gas for efficient low-carbon hydrogen production

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Canada-based Aurora Hydrogen, a company developing emission-free hydrogen production technology, has raised $10 million in Series A funding led by Energy Innovation Capital. As the world looks to quickly decarbonize transportation and industry, hydrogen demand is expected to increase rapidly, from $130 billion today to $2.5

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DOE awarding $52.5M to 31 clean hydrogen projects

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million to fund 31 projects to advance next-generation clean hydrogen technologies and support DOE’s recently announced Hydrogen Energy Earthshot initiative ( earlier post ) to reduce the cost and accelerate breakthroughs in the clean hydrogen sector. The US Department of Energy (DOE) is awarding $52.5

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