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

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Hydrogen development, given its application across various industries, is indispensable to attaining energy transition, meeting decarbonization goals, and positioning leading companies as market experts. mtpa low-carbon hydrogen capacity was announced in the US, Denmark, Egypt, Canada, Portugal, and other countries.

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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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Fabrum and Chart Industries execute MoU for micro-scale liquefiers for hydrogen

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New Zealand-based Fabrum and Chart Industries have formed a strategic partnership to collaborate on the manufacture and sale of Micro-Scale Liquefiers for hydrogen and other gases. The collaboration targets the rapidly increasing demand for liquefaction systems as industries work to decarbonize and transition to new energy sources.

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Cummins and Versatile partner to bring 15L hydrogen engines to ag market

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Cummins and Canada-based Buhler Industries , a leading tractor manufacturer under the Versatile brand, signed a letter of intent for plans to integrate the Cummins 15-liter hydrogen engines in Versatile’s equipment to lead the decarbonization of the agriculture market. Cummins M15H.

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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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Raven SR and Chart Industries to collaborate on hydrogen and carbon capture

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Raven SR, a renewable fuels company, and Chart Industries will collaborate globally on the liquefaction, storage, and transportation of hydrogen as well as pure carbon dioxide produced from Raven SR’s non-combustion Steam/CO 2 Reformation process of converting waste to renewable fuel. —Matt Murdock, CEO of Raven SR.

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Chevron New Energies, Crowley invest in marine hydrogen tech company Zero Emission Industries

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Zero Emission Industries (ZEI), a hydrogen technology company for maritime, announced the first close of its Series A funding round. ZEI produces marine-specific turn-key fuel cell power and hydrogen storage systems that deliver superior performance.

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