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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 To achieve climate neutrality by 2050, the clean hydrogen market capacity can grow to 170 million tons (MtH 2 eq) in 2030 and to 600 MtH 2 eq in 2050. trillion per year by 2050.

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Australian-German business coalition releases roadmap for large-scale green hydrogen import to Germany

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A group of leading German companies along with Australia’s Fortescue Future Industries (FFI) has released a green hydrogen roadmap, outlining a set of recommendations for government and industry, to meet the ambitious target of importing large amounts of green hydrogen from Australia to Germany. Source: RMI analysis).

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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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BNEF’s 2H 2022 Energy Storage Market Outlook sees an additional 13% of capacity by 2030 than previously estimated, primarily driven by recent policy developments. The US and China are set to remain the two largest markets, representing more than half of global storage installations by the end of the decade.

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Hyzon acquiring ORTEN in Germany

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Hyzon Motors, a US-based global supplier of hydrogen fuel cell trucks and buses, will acquire ORTEN Betriebs GmbH and subsidiaries, and ORTEN Electric Trucks GmbH, German manufacturers of innovative truck and trailer bodies for the beverage industry. The transaction is expected to close in the fourth quarter, 2022.

Germany 199
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BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

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After growing by more than 2% in 2019, global gas use is set to fall by around 4% in 2020, as the COVID-19 pandemic reduces energy consumption across the global economies. The report shows that medium-term growth will come from increasing cost-competitiveness and increased global access to gas. —Jon Moore, CEO of BNEF.

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ADNOC sends first low-carbon ammonia shipment from the UAE to Germany

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Abu Dhabi National Oil Company’s (ADNOC’s) first shipment of low-carbon ammonia recently left the United Arab Emirates (UAE) bound for Hamburg, Germany. This is the first cargo of low-carbon ammonia to be shipped to Germany. Earlier post.).

UAE 218
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Germany and Namibia form partnership for green hydrogen

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Kandjoze of Namibia’s National Planning Commission agreed to establish a hydrogen partnership between Germany and Namibia and signed a Joint Communiqué of Intent (JCoI). The global race for the best hydrogen technologies and the best sites for hydrogen production is already on. This is almost twice as much as Germany has to offer.

Namibia 337