article thumbnail

Deloitte forecasts clean hydrogen market to hit US$1.4T per year by 2050

Green Car Congress

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. trillion per year by 2050.

Clean 429
article thumbnail

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

Green Car Congress

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.

article thumbnail

Releasing hydrogen stored in boride sheets for a clean energy future

Innovation News Network

The post Releasing hydrogen stored in boride sheets for a clean energy future appeared first on Innovation News Network. A team of scientists has investigated the potential of hydrogen boride sheets as practical hydrogen carriers. Read more here.

Store 110
article thumbnail

DOE to award nearly $42M to 22 projects to advance clean hydrogen technologies

Green Car Congress

The US Department of Energy (DOE) will award nearly $42 million in funding for 22 projects to advance critical technologies for producing, storing, and deploying clean hydrogen. They will support DOE’s H2@Scale initiative, which aims to augment the affordable production, transport, storage, and utilization of clean hydrogen.

Hydrogen 199
article thumbnail

DOE awards $125M to bring clean energy technologies to market

Green Car Congress

The US Department of Energy (DOE) is awarding a total of $125 million to support 110 clean energy technology projects (DE-FOA-0002381). New CO 2 reduction processes are required to efficiently convert biogas, biomass and stored CO 2 to usable fuels. million, and two potential follow-on awards of up to $1.1 million each.

Clean 334
article thumbnail

EU investing €1.8B in 17 large-scale clean tech projects

Green Car Congress

billion in 17 large-scale innovative clean-tech projects with a third round of awards under the Innovation Fund. emissions coming from exhaust gases produced during lime production and store them permanently in offshore geological formations in France. The EU is investing more than €1.8 A third project will capture the CO?

Clean 334
article thumbnail

Energy researchers: clean US hydrogen economy is within reach, but needs a game plan

Green Car Congress

Addressing climate change requires not only a clean electrical grid, but also a clean fuel to reduce emissions from industrial heat, long-haul heavy transportation, and long-duration energy storage. However, they note, a clean US hydrogen economy will require a comprehensive strategy and a 10-year plan. —Arun Majumdar.

Hydrogen 199