article thumbnail

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

Green Car Congress

Hydrogen development, given its application across various industries, is indispensable to attaining energy transition, meeting decarbonization goals, and positioning leading companies as market experts. Last year, mergers and acquisitions (M&A) deals reached $24.4 On the other hand, venture finance deal values also grew from $595.23

Hydrogen 473
article thumbnail

LG Energy Solution hosting 3rd round of international competition to identify promising battery start-ups

Green Car Congress

LG Energy Solution will host the LGES Battery Challenge 2022, an international competition to identify start-ups for potential investment and collaboration. Through the program, LGES is bringing together battery start-ups to keep pace with the fast-developing industry, as growing number of economies transition to renewable energy.

article thumbnail

Carbon Recycling International and Johnson Matthey collaborate on sustainable methanol

Green Car Congress

Carbon Recycling International (CRI) and Johnson Matthey (JM) have agreed on a long-term exclusive catalyst supply agreement for the use of JM’s KATALCO methanol catalysts in CRI’s Emissions-To-Liquids (ETL) CO 2 -to-methanol plants. Hydrogen can also be processed from by-product hydrogen available in some industrial waste streams.

Carbon 259
article thumbnail

UN delegates reach agreement on protecting marine biodiversity in international waters

Green Car Congress

On this question, the countries of the so-called Global South wrestled primarily with the leading industrialized countries in the North. Since the most significant economies are also likely to receive the most expected returns, a mechanism for compensatory payments to poorer countries has been established.

Mariner 218
article thumbnail

SafeAI, Siemens, Obayashi collaborate to bring retrofitted autonomous, zero-emission heavy vehicles to off-road industries

Green Car Congress

SafeAI brings its powerful, scalable AI-powered retrofit autonomy to the collaboration, while Siemens provides its industry-leading hardware and software capabilities in zero-emission powertrains, and the necessary infrastructure to operate these vehicles.

Emissions 397
article thumbnail

Hydro exploring hydrogen opportunities for internal demand and external market

Green Car Congress

Hydro is exploring the potential for developing and operating hydrogen facilities to meet large internal demand as well as serving an external market, leveraging the company’s industrial and renewable power expertise. We see a substantial potential for industrial hydrogen consumption.

article thumbnail

NHTSA to propose new fuel economy standards soon; 8% increase per year for MY 2024-2026

Green Car Congress

The US Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) announced that it will soon propose robust new fuel economy standards. NHTSA’s proposal comes as the automobile industry is retooling future models in response to market demand for cleaner, more fuel-efficient vehicles.