Hyundai Engineering has signed an MOU with six partners on the development of green hydrogen production technologies. The partners include POSCO, the North Gyeongsang Province government, the Uljin County Office, the Pohang Research Institute of Industrial Science & Technology (RIST), and the Korea Atomic Energy Research Institute.
Honda Motor announced that it will discontinue manufacturing of the Clarity fuel cell vehicle this year as part of a broader effort to shed underperforming models.
LAVO, an Australian hydrogen-powered technology and lifestyle company, and Duxton Vineyards Group (DV), a large-scale, vertically integrated wine enterprise, announced the signing of a Memorandum of Understanding (MoU) to collaborate on the use of LAVO hydrogen storage solutions to assist DV in achieving its Net Zero Emissions and sustainability goals.
Iwatani, a Japanese gas supplier, wants to open an office in Brisbane, Australia’s west coast, in July, with the goal of accelerating the expansion of its hydrogen supply chain.
The global clean hydrogen market is expected to reach USD 2098.44 million in revenue by2026, expanding at a CAGR of around 14.01 percent over the forecast period.
