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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.

Clean 429
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IRENA report says tripling renewables investment required to reach 2050 climate goal

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Global renewable energy investment increased between 2013 and 2018, reaching its peak at US$351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI). Global landscape of renewable energy finance in 2017-2018. C objective by mid-century.

Climate 349
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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

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New investment in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China. The findings suggest that developing nations are moving toward cleaner power but not nearly fast enough to limit global CO 2 emissions. The decline was not confined to China, however.

Coal 243
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Amogy and Trafigura to research ammonia cracking technology as a facilitator to global hydrogen supply chains

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Amogy, a developer of energy-dense ammonia power solutions ( earlier post ), and Trafigura , one of the largest physical commodity trading groups in the world, are partnering to study the use of ammonia as a carrier to transport clean hydrogen from point of production to point of consumption. Earlier post.).

Hydrogen 186
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Plug Power, Chart Industries and Baker Hughes to become cornerstone investors in FiveT Hydrogen Fund; clean hydrogen at scale

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and Baker Hughes intend to become cornerstone investors in the formation of the FiveT Hydrogen Fund, a new clean-hydrogen-only private infrastructure fund dedicated to delivering clean hydrogen infrastructure projects at scale. The Fund will exclusively finance projects in the production, storage and distribution of clean hydrogen.

Hydrogen 170
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Ardian, FiveT Hydrogen launch largest clean hydrogen infrastructure investment platform Hy24; €1.5B for first fund

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Ardian, a leading private investment house, via its infrastructure business, and FiveT Hydrogen, a clean-hydrogen enabling investment platform, are partnering to create Hy24, an equally owned joint venture. billion for its first fund, making the platform the industry’s largest clean hydrogen infrastructure manager.

Hydrogen 170
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IEA: nuclear power can play a major role in transition to low emissions energy systems; Russia, China leading on new reactor starts

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As the world contends with a global energy crisis, nuclear power has the potential to play a significant role in helping countries to securely transition to energy systems dominated by renewables, according to a new special report by the IEA. However, a new era for nuclear power is by no means guaranteed.

Russia 458