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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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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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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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Dutch report suggests hydrogen exchange could catalyze hydrogen market

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A hydrogen exchange, similar to electricity and gas exchanges, could act as a catalyst for a market for climate-neutral hydrogen, according to an exploratory study, “A Hydrogen Exchange for the Climate”, presented to Eric Wiebes, the Netherlands Minister of Economic Affairs and Climate Policy.

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Honeywell introduces Liquid Organic Hydrogen Carrier

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Honeywell UOP has introduced its Liquid Organic Hydrogen Carrier (LOHC), a solution that enables the long-distance transportation of clean hydrogen. This cost-effective solution can help meet the growing requirements for hydrogen use across various industries by leveraging existing refinery and transportation infrastructure.

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Cohort of new stakeholders joins Open Hydrogen Initiative

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In February 2022, GTI Energy, S&P Global Commodity Insights and the National Energy Technology Laboratory (NETL) launched the Open Hydrogen Initiative (OHI), a collaboration to further transparency into the environmental impact of hydrogen production and help unlock its full potential as an important driver of energy transitions.

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Fendt shows prototype hydrogen tractor at German Hydrogen Summit

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On 27 February, the Bavarian State Ministry for Economic Affairs, Regional Development and Energy hosted a hydrogen summit. Fendt presented prototype of a hydrogen tractor there for the first time. I see hydrogen as a very important solution to problems in agriculture and forestry.

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