Remove Climate Remove Climate Change Remove Hydrogen Remove Industrial
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.

Clean 429
article thumbnail

IIASA study proposes solid air hydrogen liquefaction as efficient addition to hydrogen liquefaction supply chain

Green Car Congress

One of the challenges of constructing a global hydrogen economy is hydrogen transportation by sea. An open-access paper on the work is published in the International Journal of Hydrogen Energy. The world is undergoing an energy transition to reduce CO 2 emissions and mitigate climate change.

Hydrogen 273
article thumbnail

Universal Hydrogen secures additional $62M in financing to accelerate first test flight of hydrogen-powered regional aircraft to 2022

Green Car Congress

Universal Hydrogen closed a $62-million new funding round; the oversubscribed round was completed less than six months after the company’s Series A ( earlier post ), bringing total raised to $85 million. Full-scale prototype of Universal Hydrogen's gaseous hydrogen module, with one capsule removed.

Hydrogen 397
article thumbnail

Scottish Enterprise project converting train to hydrogen power

Green Car Congress

Scottish Enterprise, Transport Scotland and the Hydrogen Accelerator, based at the University of St Andrews, have appointed Arcola Energy and a consortium of industry leaders in hydrogen fuel cell integration, rail engineering and functional safety to deliver Scotland’s first hydrogen powered train.

Convert 501
article thumbnail

CSIRO and partners launch $68M Hydrogen Industry Mission

Green Car Congress

CSIRO, Australia’s national science agency, launched a new $68-million Hydrogen Industry Mission. The research mission is intended to help drive down the cost of hydrogen production to below $2 per kilogram, making the fuel more affordable and helping to position Australia to lead the world in exporting hydrogen by 2030.

Hydrogen 186
article thumbnail

UK government launches first Hydrogen Strategy

Green Car Congress

The UK government has launched a Hydrogen Strategy intended to create a thriving low-carbon hydrogen sector—blue and green—in the UK over the next decade and beyond. The government says that a booming, UK-wide hydrogen economy could be worth (£900) million (US$1.24

Hydrogen 321
article thumbnail

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

Green Car Congress

Plug Power, Chart Industries, Inc. 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.

Hydrogen 170