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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.

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Hydro exploring hydrogen opportunities for internal demand and external market

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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. —Hilde Merete Aasheim.

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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. trillion per year by 2050.

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Voluntary Carbon Markets: Biden-Harris Administration Releases Joint Policy Statement & Principles on Voluntary Carbon Markets

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Secretary of the Treasury Janet Yellen, Department of Agriculture Secretary Tom Vilsack, Department of Energy Secretary Jennifer Granholm, Senior Advisor for International Climate Policy John Podesta, National Economic Advisor Lael Brainard, and National Climate Advisor Ali Zaidi announced the publication of a Joint Statement of Policy and.

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ICAO establishes 2050 net-zero CO2 emission goal for international aviation

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The International Civil Aviation Organization (ICAO) has established a 2050 net-zero carbon dioxide emission goal for international aviation. —Dan Rutherford, Aviation Director of the International Council on Clean Transportation (ICCT). Countries will develop national measures to cut emissions consistent with ICAO’s goal.

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Retriev Technologies and HOBI International collaborate on collection of EV batteries for recycling

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HOBI International Inc. Recognizing the rapid expansion and projected growth of the EV market, the goal of this relationship will be to ensure that the lithium batteries used in EVs are collected and responsibly recycled in a manner that creates value within the battery industry’s circular economy. HOBI International, Inc.,

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

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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.