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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 low-carbon hydrogen capacity was announced in the US, Denmark, Egypt, Canada, Portugal, and other countries.

Hydrogen 473
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Cepsa to invest €3B in Andalusia to build the largest green hydrogen hub in Europe; additional €2B for renewable power

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The investment is the biggest milestone to date of Cepsa’s Positive Motion energy transition plan to lead sustainable mobility and the production of green hydrogen and advanced biofuels in Spain and Portugal this decade. It also expects Spain to become a net exporter of renewable hydrogen.

Hydrogen 397
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Iberdrola and bp to collaborate to accelerate EV fast charging infrastructure and green hydrogen production; up to €1B investment in charging

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Iberdrola and bp intend to form a strategic collaboration to expand fast EV public charging infrastructure significantly as well as to develop large-scale green hydrogen production hubs in Spain, Portugal and the UK. bp aims to rapidly expand its EV charge points globally and continues to invest in rapid and ultra-fast charging.

Portugal 186
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Galp and Northvolt establish JV for lithium conversion plant in Portugal; initial annual capacity of 35,000 tons of lithium hydroxide

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Portugal-based energy company Galp and Sweden-based battery manufacturer Northvolt have agreed to set up a joint company, Aurora, that aims to become a steppingstone for the development of an integrated lithium-battery value-chain aligned with Portuguese and European ambitions. —Paolo Cerruti, Co-Founder and COO of Northvolt.

Portugal 170
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NREL: Untapped potential exists for blending hydropower, floating PV

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Hybrid systems of floating solar panels and hydropower plants may hold the technical potential to produce a significant portion of the electricity generated annually across the globe, according to an analysis by researchers at the US Department of Energy’s National Renewable Energy Laboratory (NREL). This is really optimistic. 2020.08.080.

Solar 418
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EDP, TechnipFMC and partners to develop a concept study for green hydrogen production from offshore wind: BEHYOND

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To increase the share of hydrogen in the final energy demand to enlarge the low-carbon energy sources share in the global energy mix and promote the environmental sustainability. This consortium will strengthen cooperation between Portugal and Norway and increase Portugal's competitiveness in the growth of the “blue economy.”

Wind 221
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7 companies launch Green Hydrogen Catapult to increase green H2 production 50-fold over next 6 years

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The new “Green Hydrogen Catapult” initiative will see green hydrogen industry leaders target the deployment of 25 gigawatts through 2026 of renewables-based hydrogen production, with a view to halve the current cost of hydrogen to below US$2 per kilogram. degrees Celsius.

Green 321