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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. mtpa low-carbon hydrogen capacity was announced in the US, Denmark, Egypt, Canada, Portugal, and other countries. In 2022, more than 111.9 mtpa active and upcoming capacity combined.

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Snam invests €33M in electrolyzer manufacturer ITM Power

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Snam signed a partnership agreement with ITM Power Plc, the UK-based producer of electrolyzers. The subscription of the shares as part of the ITM Power capital increase will take place in cash, using Snam’s financial resources. ITM Power has a market capitalization of around £1.4

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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. The company will build two plants with a total capacity of 2 GW to produce green hydrogen.

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Plug Power and Lhyfe partner to develop green hydrogen plants throughout Europe; 300MW by 2025

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Plug Power and Lhyfe, a producer and supplier of renewable hydrogen, announced an partnership to pursue and develop jointly green hydrogen generation plants throughout Europe. Plug Power is the largest buyer of liquid hydrogen globally and has been present in Europe for more than 10 years. Earlier post.). Earlier post.).

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China’s CALB wants lithium battery factory in Portugal – ET Auto

Baua Electric

Chinese manufacturer CALB is planning on building a lithium-ion battery factory in Portugal, the APA Portuguese environment agency said on Monday. Portugal has the largest reserves in Europe of lithium, the main element in the batteries that power electric cars. The two billion-euro (USD 2.2

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Why New Production Sources of Tungsten Are Critical for Increased Global Supply

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and global economies with businesses and manufacturers having to close doors and furlough employees, the global trade markets plummeted to an 11-year low of 41.5% New Tungsten Production Will Open the Global Supply Chain. which will benefit the overall global supply chain of tungsten for production and manufacturing.

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1-year customer field trials of FUSO electric Canter in Portugal show 64% lower costs, 37% reduction in CO2 given local power mix

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Daimler has concluded customer field trials with eight pre-production Fuso Canter E-Cell electric trucks ( earlier post ) in Portugal. FUSO developed the battery-powered and locally emission-free Canter E-Cell at the Daimler Trucks Center of Competence for Hybrid Technology. That time is cut to just one hour on a quick charging system.

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