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

Green Car Congress

In 2022, green hydrogen production capacity reached more than 109 kilotons per annum (ktpa) worldwide, representing 44% growth compared to 2021, according to data and analytics company GlobalData. Last year, mergers and acquisitions (M&A) deals reached $24.4 billion in monetary value, representing a 288% increase compared to 2021 levels.

Hydrogen 457
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Johnson Matthey and Plug Power partner to accelerate green hydrogen economy

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Plug Power and Johnson Matthey (JM) announced a long-term strategic partnership to accelerate the green hydrogen economy. JM will become an important strategic supplier of MEA components, providing a substantial portion of Plug’s demand for catalysts, membranes, and catalyst coated membranes (CCM).

Hydrogen 186
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Wine’s potential to drive Green Deal goals and the circular economy

Innovation News Network

Learn how bio-based industries (BBI) will have a crucial role in achieving European Green Deal goals and the circular economy. The post Wine’s potential to drive Green Deal goals and the circular economy appeared first on Innovation News Network.

Economy 111
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STEAG and thyssenkrupp planning joint green hydrogen project

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The STEAG power station in Duisburg-Walsum, the site for the construction of a large-scale green hydrogen generation system. ©euroluftbild.de/Hans They endorse the development of a hydrogen economy and infrastructure in Germany and in Europe. ©euroluftbild.de/Hans Hans Blossey.

Hydrogen 468
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SK E&S, SK Plug Hyverse partner with Korea South-East Power for green hydrogen & green ammonia production

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SK E&S and SK Plug Hyverse—a joint venture (JV) formed in January of this year by SK E&S and Plug Power—will work with Korea Southeast Power Generation (KOEN) to cooperate with green hydrogen and green ammonia projects based on renewable energy resources in Korea and abroad. million tons in 2030 and 27.9

Hydrogen 284
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Iberdrola and H2 Green Steel to build 1GW green hydrogen plant to fuel DRI furnace for green steel; €2.3B investment

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Iberdrola and H2 Green Steel (H2GS, earlier post )have signed an agreement to build a plant with an electrolysis capacity of 1 GW. All locations that H2 Green Steel and Iberdrola are evaluating will have access to renewable energy, as well as all the infrastructure necessary to operate a successful hydrogen, green steel business.

Hydrogen 297
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Germany approves €900M for green hydrogen project H2Global

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The aim of the project is to advance the international market ramp-up of green hydrogen and to use double-auction procedures for this purpose. Green hydrogen plays a central role in the transformation of our economy. —Robert Habeck, Federal Minister of Economic Affairs and Climate Protection.

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