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Global hydrogen station deployments surpass 1,000; China leads

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The number of hydrogen stations deployed globally has surpassed the 1,000-mark, according to a study by Information Trends. China represents roughly one-third of global deployments, but the US lags far behind with less than 100 hydrogen stations. Another four Asia-Pacific countries have also deployed hydrogen stations.

Hydrogen 514
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Plus raises $200M in new funding to advance global commercialization of its automated trucks

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Plus plans to use the new funds to accelerate the global commercialization and deployment of its automated trucking system. The company will also scale deployments in the US and China, and expand internationally to Europe and other parts of Asia. Existing investors including Full Truck Alliance (FTA) also participated.

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GlobalData: Government mandates and infrastructure investments to fuel EV growth globally

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Global EV sales reached 7.7 The commercial EV segment is expected to record a CAGR of 15% during the same period. The sales of battery electric commercial vehicles were 0.4 The Asia-Pacific (APAC) region is leading the EV market in terms of annual sales globally, followed by Europe and the Americas.

Global 195
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Energy major Total leads strategic investment into supplier of hydrogen fuel-cell powered commercial vehicles HYZON Motors

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HYZON Motors is a global supplier of zero-emissions hydrogen fuel cell powered commercial vehicles, including heavy-duty trucks, buses and coaches. The Horizon Fuel Cell group had already deployed around 400 fuel cells in commercial vehicles in 2019 before spinning off HYZON Motors in early 2020.

Hydrogen 435
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VinES and Li-Cycle announce strategic, long-term battery recycling agreement

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To build on a partnership first announced in October 2022, VinES and Li-Cycle will also continue to explore global recycling solutions for VinFast (also part of Vingroup), the first global electric vehicle (EV) manufacturer in Vietnam and Southeast Asia.

Vietnam 352
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EIA projects nearly 50% increase in world energy usage by 2050, led by growth in Asia

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EIA projects most of this growth will come from regions where the consumption of energy is driven by strong economic growth, particularly in non-OECD Asia. Other significant findings of IEO2019 include: Manufacturing centers are shifting toward Africa and South Asia, especially India, resulting in energy consumption growth in those regions.

Asia 220
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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.