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BNEF: global investment in low-carbon energy transition hit $755B in 2021; up 27% from 2020; electrified transport grew the fastest

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Investment rose in almost every sector covered in the report, including renewable energy, energy storage, electrified transport, electrified heat, nuclear, hydrogen and sustainable materials. The report also finds that climate-tech corporate finance totaled $165 billion in 2021. from the year prior. trillion between 2026 and 2030.

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ExxonMobil Outlook projects hybrids and advanced vehicles to account for nearly 50% of cars globally by 2040; fuel demand for for personal vehicles to peak and decline, while commercial transportation demand rises 70%

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Exxon Mobil Corporation’s new The Outlook for Energy: A View to 2040 , released last week, projects that global energy demand in 2040 will be about 30% higher than it was in 2010 as population grows to 9 billion and global GDP doubles. This shift will be reflected in the market for transportation fuels. Click to enlarge.

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IndianOil and Nuclear Power Corporation sign JV agreement for setting up nuclear power plants

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Indian Oil Corporation Ltd., India’s flagship national oil company, and Nuclear Power Corporation of India Ltd. It is also pushing into renewable energy sources such as solar, wind, bio-fuels, and hydrogen. NPCIL) recently entered into a joint venture agreement for setting up nuclear power plants across the country.

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New Road Map to a US Hydrogen Economy

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The Road Map stresses the versatility of hydrogen as an enabler of the renewable energy system; an energy vector that can be transported and stored; and a fuel for the transportation sector, heating of buildings and providing heat and feedstock to industry. For US transport, hydrogen is a strong low-carbon alternative.

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Toyota and Woven Planet develop portable hydrogen cartridge prototype

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This cartridge design will facilitate the everyday transport and supply of hydrogen energy to power a broad range of daily life applications in and outside of the home. Toyota Motor and its subsidiary, Woven Planet Holdings have developed a working prototype of its portable hydrogen cartridge.

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Eneos opens demo plant in Australia to produce MCH liquid organic hydrogen carrier

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ENEOS Corporation has constructed a demonstration plant in Brisbane, Australia, to produce methylcyclohexane (MCH), a liquid organic hydrogen carrier (LOHC), using its proprietary low-cost electrochemical synthesis of organic hydride method Direct MCH. Earlier post.) The plant will begin operation this month.

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Air Products and AES plan to invest ~$4B for mega-scale green hydrogen production facility in Texas; 200 metric tons per day

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Air Products and The AES Corporation plan to invest approximately $4 billion to build, own and operate a green hydrogen production facility in Wilbarger County, Texas. The project would create more than 1,300 construction and 115 permanent operations jobs, as well as about 200 transportation and distribution jobs.

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