Deloitte says it expects steady hydrogen market growth, with annual revenue projected to hit $1.4 trillion by 2050, while Denmark and the Netherlands have started discussing hydrogen collaboration with the governments of Namibia, South Africa, and Morocco.
German coal miner LEAG is planning a massive clean energy hub, comprising up to 14 GW of wind and solar energy generation paired with 2 GWh to 3 GWh of battery energy storage and 2 GW of green hydrogen production. Combined, these technologies are expected to create a net-zero baseload energy system.
The integrated power utility, which targets 5 GW of renewables capacity in the next five years, has been allotted 6,000 hectares of land to develop green hydrogen and renewable energy projects in Gujarat.
The state-owned hydropower producer has signed a memorandum of understanding (MoU) with the Maharashtra State Power Generation Co. (MAHAGENCO) to develop 5 GW of renewable energy projects across hydro, pumped storage, wind, solar, hybrid, and green hydrogen technologies in Maharashtra.
By 2050, the practice of using renewable energy to electrolyze water and create hydrogen fuel may reach a global market of well over $1 trillion USD.
Green hydrogen holds the potential to decarbonize critical sectors and provide clean energy solutions. However, it accounts for less than 1% of global hydrogen production. Targeted interventions are required to facilitate a smooth transition toward a green hydrogen economy.
Madrid will open Spain’s first plant to produce green hydrogen from recycled water in 2024. The facility, situated at a water treatment plant, will use electrolysis to simultaneously extract oxygen and purify water.
NTPC, India’s largest power producer, has 3.3 GW of renewable energy capacity already commissioned, 4.6 GW under construction, and a balance of 12.6 GW under planning and implementation.
NEOM Green Hydrogen Company has secured an exclusive 30-year off-take agreement with Air Products for what they claim will be the world’s largest green hydrogen plant, while Germany’s EEX has launched the world’s first market-based hydrogen index.
TU Delft scientists have proposed a new methodology for off-grid PV-battery-electrolyzer-fuel cell systems in remote areas.
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