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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.

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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.

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Cummins and Versatile partner to bring 15L hydrogen engines to ag market

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Cummins and Canada-based Buhler Industries , a leading tractor manufacturer under the Versatile brand, signed a letter of intent for plans to integrate the Cummins 15-liter hydrogen engines in Versatile’s equipment to lead the decarbonization of the agriculture market. Cummins M15H.

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Germany investing €8B+ in 62 large-scale hydrogen projects; “We are making Germany a hydrogen country”

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Germany’s Federal Ministry of Economics (BMWi) and the Federal Ministry of Transport (BMVI) selected 62 large-scale hydrogen projects this week, which are to be state-funded as part of a joint European hydrogen project (Important Project of Common European Interest, IPCEI). We are making Germany a hydrogen country.

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

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C-Job Naval Architects has designed a new class of liquid hydrogen tanker in partnership with LH2 Europe. LH2 Europe will use the abundant renewable electricity in Scotland to produce green hydrogen and market it at a competitive price with diesel. Hydrogen will be essential to the future of energy. Installed power.

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ICIS: EU Hydrogen Bank could bring renewable hydrogen costs below €1/kg

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By Jake Stones, hydrogen editor at ICIS ICIS data shows that renewable hydrogen could be sold for below €1/kg if a producer obtains the maximum support provided by the European Hydrogen Bank , according to the heads of terms for the bank published by the European Commission on 31 March. 1/kg hydrogen. 1/kg hydrogen.

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PepsiCo Australia partners with Pure Hydrogen to trial a hydrogen-powered prime mover

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Australia-based Pure Hydrogen Corporation has entered an arrangement with PepsiCo Australia to trial a hydrogen-fueled prime mover at one of PepsiCo’s manufacturing sites in the City of Brisbane. Pure Hydrogen will supply PepsiCo with a Hydrogen Fuel Cell 160kW 6 x 4 Prime Mover (HFCV Prime Mover).

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