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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 —Deloitte report The projections come from Deloitte’s Hydrogen Pathway Explorer (HyPE) model, which delivers one of the most comprehensive analyses of the supply of hydrogen globally.

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BNEF forecasts global energy storage market to grow 15-fold by 2030 to 411 GW/1194 GWh

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Energy storage installations around the world are projected to reach a cumulative 411 GW (or 1,194 GWh) by the end of 2030, according to the latest forecast from research company BloombergNEF (BNEF). Record electricity prices are forcing consumers to consider new forms of energy supply, driving the residential storage market in the near term.

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BMW i Ventures co-leads investment in circular supply chain company Cyclic Materials; recycling rare earth elements

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BMW i Ventures announced an investment in Canada-based Cyclic Materials , a circular supply chain company focused on recycling rare earth elements (REE) ( earlier post ). The financing will be used to establish a hub and spoke network for the company’s commercial scale operations.

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Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035

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Globally, the battery industry needs to invest at least $514 billion across the whole supply chain to meet expected demand in 2030, and $920 billion by 2035, according to a new analysis by Benchmark. Demand for lithium ion batteries is forecast to grow to 3.7 This year, the world is forecast to produce 1.0 Closing this 2.7

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

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Trafigura deploys infrastructure, logistics and financing to connect global producers and consumers of oil and petroleum products, metals and minerals and power and renewables. Using economic models and energy demand forecasts, the two companies will determine the viability and cost effectiveness of industrial-scale ammonia crackers.

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EIA: US ethane demand grew 9% in 2022, driven by petrochemical capacity additions

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million barrels per day (b/d), according to the US Energy Information Administration’s (EIA’s) Petroleum Supply Monthly. US ethane product supplied, a proxy for ethane consumption, averaged just under 2.0 MMBtu, according to Bloomberg Finance, L.P. In 2022, US ethane demand increased by approximately 9%, or almost 0.2

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Strategy Analytics: following steep 2020 declines, global ride hailing market rebound in sight

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Strategy Analytics’ Automotive Connected Mobility service released its H1 2021 Global Ride-Hailing Market Update and its associated Global Ride-Hailing Forecast , tracking more than 140 unique operators across 119 different countries. over the next 10 years, with a global market recovery expected toward the end of 2022. —Roger C.

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