Hydrogen vehicle

Green Hydrogen Market to Reach $9.8 Bn, Globally, by 2028 at 54.7% CAGR: Allied Market Research

Retrieved on: 
Tuesday, July 13, 2021

Surge in concern for reducing carbon emissions and expansion of green hydrogen production technologies propel the growth of the global green hydrogen market.

Key Points: 
  • Surge in concern for reducing carbon emissions and expansion of green hydrogen production technologies propel the growth of the global green hydrogen market.
  • Contrarily, favorable green hydrogen production technologies offers new opportunities in the next few years.
  • The green hydrogen market was hampered during the first and second quarter of 2020, owing to prolonged lockdown in major countries and supply chain disruptions.
  • Australia and Japan are the largest contributors to the green hydrogen market.

Green Hydrogen Market to Reach $9.8 Bn, Globally, by 2028 at 54.7% CAGR: Allied Market Research

Retrieved on: 
Tuesday, July 13, 2021

Surge in concern for reducing carbon emissions and expansion of green hydrogen production technologies propel the growth of the global green hydrogen market.

Key Points: 
  • Surge in concern for reducing carbon emissions and expansion of green hydrogen production technologies propel the growth of the global green hydrogen market.
  • Contrarily, favorable green hydrogen production technologies offers new opportunities in the next few years.
  • The green hydrogen market was hampered during the first and second quarter of 2020, owing to prolonged lockdown in major countries and supply chain disruptions.
  • Australia and Japan are the largest contributors to the green hydrogen market.

Hyzon Motors delivers first hydrogen-powered vehicle to support multinational dairy company's operations, transition fleet to zero-emissions

Retrieved on: 
Tuesday, July 13, 2021

This order lays the foundation for FrieslandCampina in the transition of its entire fleet to zero-emissions vehicles.

Key Points: 
  • This order lays the foundation for FrieslandCampina in the transition of its entire fleet to zero-emissions vehicles.
  • As an intermediate step the dairy company wants to have reduced the greenhouse gas emissions by more than one third in the year 2030.
  • "Now we try to do the same with hydrogen, in close cooperation with Hyzon and Transport Groep Noord.
  • Hyzon is a pure-play hydrogen mobility company with an exclusive focus on hydrogen in the commercial vehicle market.

Joby Aviation, JetBlue and Signature Announce Pathway to Utilization of Electric and Hydrogen Aviation Credits

Retrieved on: 
Tuesday, July 13, 2021
Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20210713005619/en/
    Jobys all-electric prototype aircraft soars above the companys Electric Flight Base in central California.
  • With JetBlue and Signature, were opening up an entirely new path for the aviation industry to more quickly move to sustainable energy sources, said JoeBen Bevirt, founder and CEO of Joby Aviation.
  • Signature has long been the leader in moving the business aviation community towards a sustainable future, said Tony Lefebvre, CEO at Signature Flight Support.
  • Electric and hydrogen credits will be traded following similar principles to those used in developing marketplaces for SAF credits.

Hyzon Motors issues business update, confirms 2021 prior guidance and on track for 2022

Retrieved on: 
Tuesday, July 13, 2021

The consummation of the proposed business combination is subject to satisfaction or waiver of customary closing conditions.

Key Points: 
  • The consummation of the proposed business combination is subject to satisfaction or waiver of customary closing conditions.
  • Expected 2022 deliveries include up to 70 trucks from Austrian grocery retailer MPREIS currently under an MoU.
  • In addition to building its pipeline, Hyzon has actively invested in projects to expand its lead in core FCEV technologies.
  • Supporting the global hydrogen ecosystem, Hyzon launched the Hyzon Zero Carbon Alliance on Earth Day 2021.

ArcelorMittal Sestao to become the world’s first full-scale zero carbon-emissions1 steel plant

Retrieved on: 
Tuesday, July 13, 2021

Harnessing green hydrogen and renewable electricity, the Sestao plant will achieve zero carbon-emissions

Key Points: 
  • Harnessing green hydrogen and renewable electricity, the Sestao plant will achieve zero carbon-emissions
    ArcelorMittal today announces that its Sestao plant in Spain will become the worlds first full-scale zero carbon-emissions steel plant.
  • In addition to the investments in the DRI and EAF installations in Gijn, ArcelorMittal will invest 50 million in Sestao.
  • The ability of the Sestao plant to become the worlds first zero carbon-emissions steel plant would not be possible without the support and partnership of the Spanish government.
  • This, together with the green DRI and hydrogen feeding the burners, will result in the Sestao plant achieving zero carbon-emissions.

Cummins Begins Testing of Hydrogen Fueled Internal Combustion Engine

Retrieved on: 
Tuesday, July 13, 2021

Cummins Inc. (NYSE: CMI) has taken another step forward in advancing zero carbon technology as the company began testing a hydrogen-fueled internal combustion engine.

Key Points: 
  • Cummins Inc. (NYSE: CMI) has taken another step forward in advancing zero carbon technology as the company began testing a hydrogen-fueled internal combustion engine.
  • Cummins is thrilled about the potential of the hydrogen engine to reduce emissions and provide power and performance for customers, said Srikanth Padmanabhan, President of the Engine Segment.
  • The projected investment in renewable hydrogen production globally will provide a growing opportunity for the deployment of hydrogen-powered fleets utilizing either Cummins fuel cell or engine power.
  • Cummins joint venture partnership with hydrogen storage specialist NPROXX adds the ability to integrate the fuel cell or hydrogen engine with the high-pressure gas cylinder tanks and supply lines on the vehicle.

Hyzon Motors issues business update, confirms 2021 prior guidance and on track for 2022

Retrieved on: 
Tuesday, July 13, 2021

Orders and MoUs have increased to represent up to $86M, up 55% from $55.0M as of April 29, 2021, and over 100% from February 12, 2021.

Key Points: 
  • Orders and MoUs have increased to represent up to $86M, up 55% from $55.0M as of April 29, 2021, and over 100% from February 12, 2021.
  • Expected 2022 deliveries include a landmark order from Austrian grocery retailer MPREIS for up to 70 trucks.
  • In addition to building its pipeline, Hyzon has actively invested in projects to expand its lead in core FCEV technologies.
  • Supporting the global hydrogen ecosystem, Hyzon launched the Hyzon Zero Carbon Alliance on Earth Day 2021.

EDP, TechnipFMC and Partners Join Forces to Develop a Concept Study for Green Hydrogen Production From Offshore Wind Power

Retrieved on: 
Monday, July 12, 2021

EDP, TechnipFMC (NYSE: FTI) (PARIS: FTI) and other research partners are joining forces to develop a conceptual engineering and economic feasibility study for a new offshore system for green hydrogen production from offshore wind power, called the BEHYOND project.

Key Points: 
  • EDP, TechnipFMC (NYSE: FTI) (PARIS: FTI) and other research partners are joining forces to develop a conceptual engineering and economic feasibility study for a new offshore system for green hydrogen production from offshore wind power, called the BEHYOND project.
  • The study will include innovative integration of equipment for the production and conditioning of green hydrogen and infrastructure that allows for its transportation to the coast.
  • The goal is to create a unique concept that can be standardized and implemented worldwide, allowing for large-scale hydrogen production.
  • TechnipFMC brings its extended history in subsea engineering, expertise developed on its Deep Purple green hydrogen project, and essential system integration abilities.

Cleantech and Climate Change Podcast Interview with CEO of dynaCERT Inc.- Year In Review and Future Role in Hydrogen Economy

Retrieved on: 
Monday, July 12, 2021

Jim shares an overview of the past year for dynaCERT through the pandemic and how he now sees the Ontario and global economy reopening impacting future revenue.

Key Points: 
  • Jim shares an overview of the past year for dynaCERT through the pandemic and how he now sees the Ontario and global economy reopening impacting future revenue.
  • Talking about their role in a hydrogen economy of the future, Payne said, "I've always believed in the hydrogens future.
  • VP, & Director of dynaCERT and President of Galaxy Power) and I were both asked to join the Hydrogen Strategy Working Group in Ontario.
  • It's large number of individuals, with years of experience shared thoughts, ideas and plans for the future hydrogen economy.