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GlobalData: Hydrogen market growth to surge in 2023 despite slowing global economy

Green Car Congress

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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ArcelorMittal plans major EAF, DRI investments for decarbonizing steel production in Canada

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ArcelorMittal announced with the Government of Canada its intention for a CAD 1.765-billion (US$1.4-billion) The investment is contingent on support from the governments of Canada and Ontario. The Government of Canada announced it will invest CAD 400 million (US$321 million) in the project.

Canada 448
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Vale Canada to supply Northvolt with low-carbon nickel products for batteries

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Vale Canada and lithium-ion cell producer Northvolt AB announced a multi-year agreement for Vale to supply low-carbon nickel products to Northvolt, reinforcing the companies’ shared commitment to sustainability in the electric vehicle supply chain and electrification of the broader mining industry.

Canada 327
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Volkswagen Group and Canada aim to advance sustainable battery supply chain in North America

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Volkswagen Group (Volkswagen AG) and the Government of Canada signed a Memorandum of Understanding (MoU) to promote e-mobility in the country and to explore opportunities across Canada’s automotive and battery supply chain. —François-Philippe Champagne, Canada’s Minister of Innovation, Science and Industry.

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Volkswagen and PowerCo SE will build largest cell factory to date in Canada; 90 GWh in final phase

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The Volkswagen Group’s battery company PowerCo SE aims to build its largest gigafactory to date in St. Thomas, Ontario/Canada with an annual production capacity of up to 90 GWh in the final expansion phase. The entire industrial and supplier park amounts to 1,500 acres (600 hectares). The planned investment of up to €4.8

Canada 273
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Ricardo signs multi-year deal to develop hybrid-electric aerospace technology with Pratt & Whitney Canada

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Ricardo has signed a multi-year deal with Pratt & Whitney Canada under which the Ricardo aerospace engineering team will support Pratt & Whitney Canada in the development of advanced hybrid-electric propulsion technologies for next-generation aircraft.

Canada 243
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NGen Canada awarding $76M to 15 zero-emission vehicle projects

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In 2021, Next Generation Manufacturing Canada (NGen) launched a call for proposals to support R&D projects for zero-emission vehicle (ZEV) manufacturing, systems, components, and batteries in Canada. Partners: AIS Technologies Group, Shelley Industrial Automation, Konnexio Inc. Next Generation Membrane Electrode Assembly.

Canada 304