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

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Hydrogen development, given its application across various industries, is indispensable to attaining energy transition, meeting decarbonization goals, and positioning leading companies as market experts. mtpa active and upcoming capacity combined. —Andres Angulo

Hydrogen 473
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Monash team proposes roadmap to renewable ammonia economy; 3 generations of technology

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While there is global potential to generate renewable energy at costs already competitive with fossil fuels, a means of storing and transporting this energy at a very large scale is a roadblock to large-scale investment, development and deployment. Generation 2 moves the Haber-Bosch process to renewable sources of hydrogen.

Renewable 419
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Juniper Research forecasts on-road hydrogen vehicles to exceed 1M globally by 2027

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A new study from Juniper Research forecasts that the number of hydrogen vehicles in service globally will exceed 1 million in 2027, from just over 60,000 in 2022—substantial growth of more than 1,500%—with the bulk of the deployed vehicles in China and the Far East.

Hydrogen 474
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Tesla publishes Master Plan Part 3; $10.4T for a sustainable global energy economy

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During Tesla’s Investor Day held in March, Elon Musk touched on Tesla’s Master Plan Part 3, which outlines a proposed path to reach a sustainable global energy economy through end-use electrification and sustainable electricity generation and storage. Earlier post.)

Economy 464
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3 Oil Majors That Bet Big On Renewables

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Despite the much-vaunted megatrend involving the global electrification drive and shift to renewable energy , the most ambitious pledges by Big Oil to pursue net-zero agendas remain weak at best. But Total is not just content to compete in the traditional renewable energy arena of wind and solar but is also giving Tesla Inc.

Oil 418
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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.

Cleaning 429
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Gigastack renewable hydrogen from offshore wind project advances to next phase; 100MW electrolyzer system

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million for the next phase of Gigastack, a new renewable hydrogen project, as part of the Department for Business, Energy and Industrial Strategy (BEIS) Hydrogen Supply Competition. Producing hydrogen has traditionally been associated with high carbon emissions, but by using renewable electricity—e.g., Earlier post.).

Wind 379