article thumbnail

Study confirms €1T green hydrogen potential for Africa

Green Car Congress

Africa can produce 50 million tons of green hydrogen a year by 2035, according to a new study by the European Investment Bank (EIB), International Solar Alliance and the African Union, with the support of the Government of Mauritania, HyDeal and UCLG Africa. This is equivalent to energy costs of US$60 a barrel.

Africa 481
article thumbnail

Juniper Research forecasts on-road hydrogen vehicles to exceed 1M globally by 2027

Green Car Congress

A new study from Juniper Research forecasts that the number of hydrogen vehicles in service globally will exceed 1 million in 2027, from just over 60,000 in 2022—substantial growth of more than 1,500%—with the bulk of the deployed vehicles in China and the Far East.

Hydrogen 474
article thumbnail

BloombergNEF forecasts green hydrogen should be cheaper than natural gas by 2050 in some markets; falling costs of solar PV key

Green Car Congress

In a new piece of research, BloombergNEF (BNEF) finds that the levelized cost of hydrogen (LCOH 2 ) made from renewable electricity is set to fall faster than it previously estimated. These countries accounted for one-third of global GDP in 2019. Such low renewable hydrogen costs could completely rewrite the energy map.

Cost Of 255
article thumbnail

SK E&S, SK Plug Hyverse partner with Korea South-East Power for green hydrogen & green ammonia production

Green Car Congress

SK E&S and SK Plug Hyverse—a joint venture (JV) formed in January of this year by SK E&S and Plug Power—will work with Korea Southeast Power Generation (KOEN) to cooperate with green hydrogen and green ammonia projects based on renewable energy resources in Korea and abroad. million tons in 2030 and 27.9

Green 284
article thumbnail

Hydra Energy partners with Chemtrade to provide commercial truck fleets with green hydrogen below the cost of diesel

Green Car Congress

In exchange for long-term, discounted fuel contracts with fleets, Hydra installs hydrogen-diesel co-combustion conversion kits into existing semi-trucks and provides the fueling infrastructure for green hydrogen sourced from chemical producers such as Chemtrade. Hydra pays for the truck conversion and the on-site fueling infrastructure.

Hydrogen 301
article thumbnail

7 companies launch Green Hydrogen Catapult to increase green H2 production 50-fold over next 6 years

Green Car Congress

World’s green hydrogen leaders unite to drive 50-fold scale-up in six years. The new “Green Hydrogen Catapult” initiative will see green hydrogen industry leaders target the deployment of 25 gigawatts through 2026 of renewables-based hydrogen production, with a view to halve the current cost of hydrogen to below US$2 per kilogram.

Green 321
article thumbnail

Heliogen and Bloom Energy demonstrate production of low-cost green hydrogen; concentrated solar and high-temp electrolysis

Green Car Congress

Heliogen and Bloom Energy have successfully demonstrated the production of green hydrogen by integrating the companies’ technologies: Heliogen’s concentrated solar energy system and the Bloom Electrolyzer. Electricity accounts for nearly 80% of the cost of hydrogen from electrolysis. Source: Heliogen.

Low Cost 397