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Study confirms €1T green hydrogen potential for Africa

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Africa can produce 50 million tons of green hydrogen a year by 2035, according to a new study by the European Investment Bank (EIB), International Solar Alliance and the African Union, with the support of the Government of Mauritania, HyDeal and UCLG Africa. This is equivalent to energy costs of US$60 a barrel.

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BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh

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An estimated 387GW/1,143GWh of new energy storage capacity will be added globally from 2022 to 2030, according to the forecast—more than Japan’s entire power generation capacity in 2020. The US and China are set to remain the two largest markets, representing more than half of global storage installations by the end of the decade.

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Ford and Volkswagen expand global collaboration to include EVs, invest in Argo AI

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Ford Motor Company and Volkswagen AG are expanding their global alliance to include electric vehicles—and will collaborate with Argo AI to introduce autonomous vehicle technology in the US and Europe. With the addition of AID employees, Argo AI will grow from 500 to more than 700 employees globally. Earlier post.).

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Hydrogen South Africa (HySA) Systems, The National Aerospace Centre, and Airbus to research use of fuel cells for commercial airliners

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Airbus and South Africa’s National Aerospace Centre will jointly fund research by Hydrogen South Africa (HySA) into the application of fuel cells on airliners. With demand for air transport doubling every 15 years, the global airline industry will require nearly 30,000 new aircraft (over 100 seats) by 2032.

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Leclanché to provide battery technology for Canadian Pacific’s hydrogen-powered locomotive project

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This project further expands our addressable market to include electrification of the freight rail sector representing a major global opportunity for the reduction of greenhouse gases. These customers include global original equipment manufacturers (OEMs) in the passenger rail, maritime, bus, truck and specialized vehicles sectors.

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Occidental to acquire direct air capture technology company Carbon Engineering for $1.1B

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Acquiring Carbon Engineering aligns with Occidental’s integrated net-zero strategy and provides Occidental, through its 1PointFive subsidiary, the opportunity to rapidly advance DAC technology breakthroughs and accelerate deployment of DAC as a large-scale, cost effective, global carbon removal solution. Earlier post.) Earlier post.)

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Rystad Energy expects strong growth in hydrogen pipelines through 2035

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As supply scales up and moves from areas with abundant and renewable energy to demand centers, long transmission lines will be a necessity and these pipelines would require larger diameters and higher pressure for cost effectiveness and consequently higher steel grades. Europe, with its extensive gas grid, is well placed to make the jump.

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