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

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In 2022, green hydrogen production capacity reached more than 109 kilotons per annum (ktpa) worldwide, representing 44% growth compared to 2021, according to data and analytics company GlobalData. Last year, mergers and acquisitions (M&A) deals reached $24.4 billion in monetary value, representing a 288% increase compared to 2021 levels.

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STEAG and thyssenkrupp planning joint green hydrogen project

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Essen-based energy company STEAG, Duisburg-based steel producer thyssenkrupp Steel and Dortmund-based thyssenkrupp Uhde Chlorine Engineers, specializing in electrolysis technology, are working on a joint feasibility study. They endorse the development of a hydrogen economy and infrastructure in Germany and in Europe. Hans Blossey.

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Volvo Trucks’ D13 Turbo Compound engine now standard on all VNL models; 6% better fuel economy over 2020 engine

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The enhanced D13 Turbo Compound (D13TC) engine from Volvo Trucks is now standard on all Volvo VNL models, providing enhanced fuel efficiency and reducing overall cost of ownership. In Europe and other key markets, the D13TC engine has exceeded expectations and has proven to be fuel efficient, reliable and popular with drivers.

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EVs dominate list of efficient cars in ORNL 2022 Fuel Economy Guide

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The 2022 Fuel Economy Guide, released by ORNL for the DOE/EPA fueleconomy.gov website, provides up-to-date information on fuel economy, environmental and safety data, so consumers can choose the most fuel-efficient vehicle that meets their needs. Credit: Andrew Sproles/ORNL, U.S.

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Cummins investing more than $1B in US engine manufacturing network

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In addition to recent investments in Fridley, Cummins is investing more than $1 billion across its US engine manufacturing network in Indiana, North Carolina and New York. Over half of all medium- and heavy-duty trucks on the road in the US today use Cummins engines, the company said. The Cummins Power Systems factory is a 1.1

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Enel Green Power and NextChem sign MoU for green hydrogen production in US

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Enel Green Power, through its North American renewable subsidiary Enel Green Power North America, Inc. The project, which is expected to be operational in 2023, will convert renewable energy from one of EGPNA’s solar plants in the United States into green hydrogen to be supplied to a bio-refinery.

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Toyota investing $383M in US engine production

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Toyota will invest $383 million in four of its US manufacturing plants—in Alabama, Kentucky, Missouri and Tennessee—to support the production of four-cylinder engines, including options for hybrid electric vehicles. —Norm Bafunno, senior vice president, Unit Manufacturing and Engineering, Toyota. 222 million.

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