In a dynamic shift towards sustainable energy, oil and gas majors have emerged as significant players in the low-carbon hydrogen market, commanding an 8% share globally. This paradigmatic transition reflects a strategic response to the escalating demand for cleaner energy alternatives. Let’s delve into the goals, technology, potential impact, and challenges surrounding this transformative trend.
Ford Trucks has joined forces with Hexagon Purus, a global leader in zero-emission infrastructure and mobility solutions.
The hydrogen industry’s eager anticipation of the American market is met with a cloud of uncertainty, stirred by a leaked draft of Treasury Department rules regarding hydrogen tax credits under the Biden administration’s climate law.
Ionomr Innovations has successfully concluded a $20 million Series A-4 funding round. The company, known for its groundbreaking ion-exchange membranes and polymers, aims to leverage this investment to accelerate the development of its hydrogen production capabilities.
Airbus has achieved a significant milestone in its Blue Condor hydrogen plane contrail research experiment. The endeavor saw the flight of a modified glider, powered solely by hydrogen (H2), through the skies of Nevada in November.
Brazil and the United Kingdom have officially launched the Brazil-UK Hydrogen Hub on December 3, 2023. The collaboration, represented by the Ministry of Mines and Energy (MME) for Brazil and the Department of Energy Security and Net Zero (DESNZ) for the UK, aims to strengthen international cooperation for hydrogen production as a crucial element in the global transition to a net-zero future.
Linde, the industrial gas giant, has invested approximately $90 million to ramp up production at its McIntosh facility in Alabama.
Brazil is poised to revolutionize its energy landscape and economic prospects through the burgeoning green hydrogen market, with the potential to generate a staggering R$150 billion per year by 2050.
Brazil and the United Kingdom have solidified a bilateral agreement to usher in a new era of clean and renewable energy. The Brazil-United Kingdom Hydrogen Hub, unveiled at COP28 in Dubai, stands as a testament to international collaboration for the development of hydrogen, emphasizing a coordinated and targeted approach.
California has been granted a whopping $1.2 billion by the United States Department of Energy (DOE). The funding is earmarked for spearheading projects dedicated to clean energy and job creation, aligning with the state’s ambitious goal of achieving a net-zero carbon economy by 2045.
