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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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US DOE releases national clean hydrogen strategy and roadmap

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The US Department of Energy (DOE) released the US National Clean Hydrogen Strategy and Roadmap , a framework for accelerating the production, processing, delivery, storage, and use of clean hydrogen. Source: DOE. It also complements the massive $9.5-billion It also complements the massive $9.5-billion

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DOE closes on $504M loan guarantee for world’s largest clean hydrogen and energy storage project

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million loan guarantee to the Advanced Clean Energy Storage project in Delta, Utah (ACES Delta)—marking the first loan guarantee for a new clean energy technology project from DOE’s Loan Programs Office (LPO) since 2014. Rendering of Advanced Clean Energy Storage salt cavern.

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DOE releases draft guidance for Clean Hydrogen Production Standard (CHPS)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The US Department of Energy (DOE) released draft guidance for a Clean Hydrogen Production Standard (CHPS), developed to meet the requirements of the Bipartisan Infrastructure Law (BIL), Section 40315. kgCO 2 e/kgH 2 through optimized design choices, such as the use of greater shares of clean electricity and low-carbon forms of biomass.

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Yara Clean Ammonia and Bunker Holding to develop the market for ammonia as a shipping fuel

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Yara Clean Ammonia (YCA) and Bunker Holding Group signed an MOU establishing the intention to collaborate to accelerate the development of the market for clean ammonia as a shipping fuel. Clean ammonia is one of the most effective alternatives for decarbonizing maritime transport.

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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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California to transition clean vehicle rebate program to helping low-income residents

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The California Air Resources Board will transition its existing Clean Vehicle Rebate Project (CVRP) program to a new program targeting low- and middle-income Californians. The program was originally designed to encourage the early adoption of emerging technology, and its goal was to accomplish a 16% market share for clean vehicles.

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