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Study confirms €1T green hydrogen potential for Africa

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Africa can produce 50 million tons of green hydrogen a year by 2035, according to a new study by the European Investment Bank (EIB), International Solar Alliance and the African Union, with the support of the Government of Mauritania, HyDeal and UCLG Africa. This is equivalent to energy costs of US$60 a barrel.

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New liquid hydrogen carrier would transport green H2 from Scotland to Germany

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LH2 Europe will use the abundant renewable electricity in Scotland to produce green hydrogen and market it at a competitive price with diesel. The new tanker will transport the liquid hydrogen to terminals in Germany, with a strategic vision to expand supply to other markets as demand increases. —Dr.

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RWE and Westfalen Group forming JV to supply green hydrogen for vehicles; focus on heavy-duty; up to 70 stations

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In Germany, RWE and the Westfalen Group will work together to supply green hydrogen for hydrogen-powered vehicles. Up to 70 hydrogen fuel stations will be in place by 2030, depending on how the market develops. Hydrogen can play a crucial part in significantly reducing carbon emissions in heavy goods transportation.

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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. During 2022, over 393 deals related to hydrogen were closed, representing a significant increase compared to 277 deals registered in 2021.

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Norwegian startup Blastr plans €4B green steel plant in Finland

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Norwegian startup Blastr Green Steel is planning to establish a green steel plant with an integrated hydrogen production facility in Inkoo, Finland. Blastr’s project—the green steel plant together with the integrated hydrogen facility—will be among the largest industrial investments in Finland. tonnes of CO₂.

Finland 437
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Yongsoo OWC pilot plant in Korea is being prepared to produce green hydrogen

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The Yongsoo wave energy power plant, installed at berth 1 in the Korean Institute KRISO -Wave Energy Test Site (WETS), is preparing to produce green hydrogen from next year, according to a report from Ocean Energy Systems. From next year, green hydrogen will be produced offshore using marine energy power.

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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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