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According to a recent study from Rice University’s Baker Institute for Public Policy, a successful energy transition also necessitates a change in policy and market structure. Texas’ legacy energy economy and geology are ideal for developing a robust hydrogen market, which will play a crucial role in sustainability.

ExxonMobil, a US energy and petrochemical company, and Topsoe, a Danish company that specializes in carbon emission reduction technologies, have signed a contract under which Topsoe will deliver its hydrogen SynCOR technology to ExxonMobil’s planned low-carbon hydrogen production facility in Baytown, Texas.

The Foreign Investment Promotion Agency of Chile, InvestChile, had a portfolio of 476 foreign investment projects in various stages of development with a value of US $28,345 million as of December 2022. In comparison to December 2021, when it was US $27,776 million, this amount is 2% greater.

Green hydrogen is anticipated to be one of the main beneficiaries of this financial excess in the upcoming years due to the high oil prices that allowed traditional energy businesses to store huge quantities of capital that are now being absorbed into the cleantech industry.

Green hydrogen-producing electrolyzers are now the focus of Cummins.

The US Department of Energy (DOE) has given $7.4 million to seven projects to create infrastructure plans for hydrogen corridors and medium- and heavy-duty electric vehicle (EV) charging stations across 23 states.

Alstom has formally joined the multi-state, New York-led collaboration for the Northeast to become one of at least four local hydrogen centres for renewable energy.

Two Texas companies applied together for two hydrogen hubs anchored to Gulf of Mexico commercial possibilities.

The Commercial Vehicle Demonstrations Project was introduced in Edmonton under the direction of the Alberta Motor Transport Association (AMTA).

The Scripps Institution of Oceanography at the University of California, San Diego has ordered a hydrogen-powered research vessel that will be constructed to ABS Class standards.