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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. During 2022, over 393 deals related to hydrogen were closed, representing a significant increase compared to 277 deals registered in 2021.

Hydrogen 473
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Tesla Giga Mexico not affected by layoffs says Sec. of Economy

Teslarati

The State Secretary of Economy of Nuevo León assured that Tesla’s global staff reduction does not affect Giga Mexico’s construction. Secretary of Economy Iván Rivas Rodríguez told Milenio that work on Tesla Gia Mexico is still proceeding, and the company’s investment in the municipality of Santa Catarina is still on the table.

Mexico 132
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Using blockchain traceability to build a circular battery economy

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of cars on the road globally are electrified, which begs the question: How do we fulfill the promise of EVs to deliver sustainable mobility? That’s why Polestar set itself three climate targets: to become climate neutral company by 2040; to halve emissions per sold car by 2030 compared to 2022; and create a climate neutral car by 2030.

Economy 330
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Cambridge study finds globalized economy making water, energy and land insecurity worse

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The first large-scale study of the risks that countries face from dependence on water, energy and land resources has found that globalization may be decreasing, rather than increasing, the security of global supply chains. Globalization allows companies to make their products almost anywhere in the world in order to keep costs down.

Water 170
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BMW Group secures CO2-reduced steel for global production network

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Following initial contracts with European suppliers, the BMW Group has now concluded further 2 -reduced-steel-for-global-production-network">agreements for the supply of CO 2 -reduced steel in the US and China. In this way, raw materials can be used multiple times in a circular economy, thereby conserving natural resources.

BMW 444
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The Metals Company and Low Carbon Royalties form strategic partnership

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Deepsea mining company TMC The Metals Company ( earlier post ) announced a strategic partnership with Low Carbon Royalties Inc. This transaction also offers TMC shareholders exposure to a royalty company that I am confident under Brian’s leadership will become a market leader.

Carbon 352
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Breakthrough Energy Ventures backs methanol fuel cell company Blue World Technologies

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In late 2021, the company insourced all the production of the core fuel cell components and is currently in pre-series production. Later this year, Blue World Technologies will launch series production and with further scaling, the company expects to reach a production capacity of 500 MW within a couple of years.

Companies 293