article thumbnail

GlobalData: Hydrogen market growth to surge in 2023 despite slowing global economy

Green Car Congress

—Andres Angulo, Energy Analyst at GlobalData Despite the high number of partnerships formed between companies as compared to government agencies, investing and raising capital were of the utmost importance to developing the hydrogen economy in 2022. Last year, mergers and acquisitions (M&A) deals reached $24.4 million to over $3,001.1

Hydrogen 473
article thumbnail

Fusion Fuel Green partners with CCC to develop green hydrogen demonstrator plants in Middle East

Green Car Congress

Commenting on the news, Richard Thompson, Editorial Director at MEED, part of GlobalData, said: For nearly a century, the Gulf’s abundant supplies of accessible hydrocarbons has put it at the center of a gas-guzzling global economy. Territories that were largely desert in the middle of the 20th century are now thriving oil economies.

Fusion 170
article thumbnail

The Suez chokepoint

Green Car Congress

The US Energy Information Administration recently updated its brief on world oil transit chokepoints—one of which is Egypt’s Suez Canal. They are a critical part of global energy security due to the high volume of oil traded through their narrow straits, the agency notes. An estimated 1.0

Egypt 236
article thumbnail

Forecast: global 3-wheeler market to grow at CAGR of 13% through 2019

Green Car Congress

Underdeveloped countries in Africa like Nigeria, Tanzania, Mozambique and Egypt and their Asian counter parts like Nepal, Bangladesh, etc., Three-wheelers offer an efficient, quick and economical way of transportation even in the areas where buses, trucks, taxis, etc. cannot effectively penetrate.

2019 231
article thumbnail

Africa’s Electricity-Access Problem Is Worse Than You Think

Cars That Think

Instead, I will use the rate of 6,000 kWh/year, which is the unweighted mean for the European Union’s four largest economies—Germany, France, Italy, Spain—and Japan. Egypt, for instance, is at about 1,500 kWh/year, or a quarter of the affluent rate. Only North Africa has consumption rates of the same order of magnitude.

article thumbnail

Ricardo study predicts that BRIC automotive markets will be eclipsed by the “Rising-15”

Green Car Congress

Ricardo’s Rising-15 automotive markets include: Argentina; Egypt; Indonesia; Iran; Malaysia; Mexico; Morocco; Nigeria; Peru; the Philippines; South Africa; Thailand; Turkey; Ukraine; and Vietnam. Nissan introducing new Datsun in Indonesia.

Market 210
article thumbnail

More than 50 percent of MoUs signed in Vibrant Gujarat are green | Autocar Professional

Baua Electric

The Vibrant Gujarat Summit is part of the Gujarat government’s larger push to boost investment in the state and accelerate the Aatmanirbhar Bharat and Viksit Bharat @ 2047 vision. billion with 58 companies as part of the ongoing Vibrant Gujarat Summit.

Green 52