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

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This could have been due to the companies trying to strengthen their core business and diversify the investment risk given the global economic situation. On the other hand, venture finance deal values also grew from $595.23 Last year, mergers and acquisitions (M&A) deals reached $24.4 million to over $3,001.1 In 2022, more than 111.9

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IEA: nuclear power can play a major role in transition to low emissions energy systems; Russia, China leading on new reactor starts

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As the world contends with a global energy crisis, nuclear power has the potential to play a significant role in helping countries to securely transition to energy systems dominated by renewables, according to a new special report by the IEA. However, a new era for nuclear power is by no means guaranteed.

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Ballard signs MOU with Global Energy Ventures for development of fuel-cell-powered hydrogen carrier C-H2

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Artist rendering of Global Energy Ventures’ fuel cell-powered C-H 2 Ship, to be powered by a Ballard system as it transports compressed green hydrogen. The power required for a small-scale demonstration of the C-H 2 Ship is expected to be less than 10 megawatts (MW). Earlier post.). Earlier post.). 200 kW FCwave module.

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BloombergNEF reports 11% year-on-year rise in renewable energy financing in the first half of 2022, for a total of $226B

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Global investment in renewable energy totaled $226 billion in the first half of 2022, setting a new record for the first six months of a year, according to Renewable Energy Investment Tracker 2H 2022, a new report published by research firm BloombergNEF (BNEF). Wind project financing was up 16% from 1H 2021, at $84 billion.

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H2X Global secures US$57M from Verde Mobility to deliver on US$300M in fuel cell vehicle orders

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Australia-based hydrogen fuel cell vehicle company H2X Global recently secured a US$57-million deal with US-based firm, Verde Mobility Inc., to fastrack H2X’s delivery of 800 hydrogen-powered vehicles. H2X Global was founded by United Hydrogen Limited, the world’s largest hydrogen conglomerate with 37 companies in UHL’s group.

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Renewables to overtake coal as largest global electricity source in 2025

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“The report shows that under existing policies and market conditions, global renewable power capacity is now expected to grow to 7,300 GW over the 2023-28 period covered by the forecast,” the IEA wrote in a press release. There are still some big hurdles to overcome, including the difficult global macroeconomic environment.” “For

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Jing-Jin Electric and Allison Transmission partner to accelerate development of commercial vehicle electrified powertrain solutions for global markets

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JJE brings more than 10 years of experience in electric motors and power electronics, as well as central- and direct-drive electrified propulsion architectures. The partnership will further allow both parties to benefit from a global manufacturing presence and service networks to support customers in local markets.