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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. mtpa low-carbon hydrogen capacity was announced in the US, Denmark, Egypt, Canada, Portugal, and other countries.

Hydrogen 473
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JATO: global vehicle sales fall by 39% in March; electrified vehicles up to 17.4% new registration market share in Europe

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The outbreak of COVID-19 has already impacted the automotive industry significantly, according to JATO Dynamics, a leading provider of global automotive data and insight. Global vehicle sales totalled 5.55 —Felipe Munoz, JATO’s global analyst. Registrations fell in all 27 markets, but with varying severity.

Europe 261
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Iberdrola and bp to collaborate to accelerate EV fast charging infrastructure and green hydrogen production; up to €1B investment in charging

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Iberdrola and bp intend to form a strategic collaboration to expand fast EV public charging infrastructure significantly as well as to develop large-scale green hydrogen production hubs in Spain, Portugal and the UK. bp aims to rapidly expand its EV charge points globally and continues to invest in rapid and ultra-fast charging.

Portugal 186
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Galp and Northvolt establish JV for lithium conversion plant in Portugal; initial annual capacity of 35,000 tons of lithium hydroxide

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Portugal-based energy company Galp and Sweden-based battery manufacturer Northvolt have agreed to set up a joint company, Aurora, that aims to become a steppingstone for the development of an integrated lithium-battery value-chain aligned with Portuguese and European ambitions. —Paolo Cerruti, Co-Founder and COO of Northvolt.

Portugal 170
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International Lithium Association (ILiA) established to be the voice of the global lithium industry

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Against this background of exceptional growth, the International Lithium Association (ILiA) has been formed to provide a central, global voice for the lithium producers and their stakeholders, and to promote a sustainable and a responsible future for the lithium value chain. The five founding members of ILiA are SQM; Ganfeng Lithium Co.,

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NREL: Untapped potential exists for blending hydropower, floating PV

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For comparison, global final electricity consumption was just over 22,300 terawatt-hours in 2018, the most recent year for which statistics are available, according to the International Energy Agency. This does not represent what could be economically feasible or what the markets could actually support. This is really optimistic.

Solar 418
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COVID-19 outbreak poised to strengthen EV momentum and the markets for cobalt and copper

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by Benedikt Sobotka, CEO of Eurasian Resources Group , Co-Chair of the Global Battery Alliance. In the European Union—the world’s second-largest electric vehicle market—meanwhile, governments continue to promote electric mobility and union-wide CO 2 emissions remain in place. Automakers have faced two major hurdles.

Market 247