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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.

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Cummins and Versatile partner to bring 15L hydrogen engines to ag market

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Cummins and Canada-based Buhler Industries , a leading tractor manufacturer under the Versatile brand, signed a letter of intent for plans to integrate the Cummins 15-liter hydrogen engines in Versatile’s equipment to lead the decarbonization of the agriculture market. Cummins M15H.

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Airbus opening UK Zero Emission Development Center for hydrogen technologies

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Airbus is sterngthening its presence in the UK with the launch of a Zero Emission Development Center (ZEDC) for hydrogen technologies. This, coupled with our partnership with ATI, will allow us to leverage our respective expertise to realise the potential of hydrogen technology to support the decarbonization of the aviation industry.

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Chevron New Energies, Crowley invest in marine hydrogen tech company Zero Emission Industries

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Zero Emission Industries (ZEI), a hydrogen technology company for maritime, announced the first close of its Series A funding round. ZEI produces marine-specific turn-key fuel cell power and hydrogen storage systems that deliver superior performance.

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Cohort of new stakeholders joins Open Hydrogen Initiative

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In February 2022, GTI Energy, S&P Global Commodity Insights and the National Energy Technology Laboratory (NETL) launched the Open Hydrogen Initiative (OHI), a collaboration to further transparency into the environmental impact of hydrogen production and help unlock its full potential as an important driver of energy transitions.

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CSIRO finds hydrogen could reduce aviation emissions within 5 years

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A new report from Australia’s national science agency CSIRO shows that clean hydrogen can significantly reduce aviation emissions with potential benefits seen within five years. Hydrogen used for treating crude or bio-crude oil to produce jet fuel with a lower carbon intensity is also considered as an early-stage application.

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Honeywell introduces Liquid Organic Hydrogen Carrier

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Honeywell UOP has introduced its Liquid Organic Hydrogen Carrier (LOHC), a solution that enables the long-distance transportation of clean hydrogen. This cost-effective solution can help meet the growing requirements for hydrogen use across various industries by leveraging existing refinery and transportation infrastructure.

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