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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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DOE releases draft guidance for Clean Hydrogen Production Standard (CHPS)

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The US Department of Energy (DOE) released draft guidance for a Clean Hydrogen Production Standard (CHPS), developed to meet the requirements of the Bipartisan Infrastructure Law (BIL), Section 40315. by employing high rates of carbon capture, using low-carbon electricity, or mitigating upstream methane emissions).

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SK makes strategic investment in clean hydrogen company Monolith; “cyan hydrogen”

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SK Corp, the holding company of SK Group, has made a strategic investment in Monolith , a US company that has developed a plasma-based process to produce “cyan” hydrogen—between green (via electrolysis using renewable energy) and blue (conversion of methane accompanied by CO 2 capture and storage). The Monolith process.

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DOE awarding $52.5M to 31 clean hydrogen projects

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million to fund 31 projects to advance next-generation clean hydrogen technologies and support DOE’s recently announced Hydrogen Energy Earthshot initiative ( earlier post ) to reduce the cost and accelerate breakthroughs in the clean hydrogen sector. The US Department of Energy (DOE) is awarding $52.5

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DOE launches $8B program for clean hydrogen hubs across US

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The US Department of Energy (DOE) released a Notice of Intent (NOI) ( DE-FOA-0002768 ) to fund the Bipartisan Infrastructure Law’s (BIL) $8-billion program to develop regional clean hydrogen hubs (H2Hubs) across America. Can be developed into a national clean hydrogen network to facilitate a clean hydrogen economy.

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CARB: clean fuels replaced more than 50% of diesel used in California in Q1 2023

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Clean fuels replaced more than 50% of the diesel used in the state in the first quarter of 2023, according to the California Air Resources Board (CARB). The LCFS is one of several programs developed under AB 32 (the 2006 Global Warming Solutions Act) to cut California’s emissions of climate warming greenhouse gas.

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European Union adopts strategies for energy system integration and hydrogen; Clean Hydrogen Alliance

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The European Union adopted strategies for energy system integration and hydrogen, paving the way “towards a more efficient and interconnected energy sector, driven by the twin goals of a cleaner planet and a stronger economy.”. Hydrogen strategy. This connected and flexible system will be more efficient, and reduce costs for society.

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