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GlobalData: Hydrogen market growth to surge in 2023 despite slowing global economy

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—Andres Angulo, Energy Analyst at GlobalData Despite the high number of partnerships formed between companies as compared to government agencies, investing and raising capital were of the utmost importance to developing the hydrogen economy in 2022. Last year, mergers and acquisitions (M&A) deals reached $24.4 million to over $3,001.1

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BNEF: cost of new renewables rises as inflation starts to bite

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The cheapest renewable power projects in the first half of 2022 were able to achieve an LCOE of $19/MWh, as in best-in-class onshore wind farms in Brazil, and $21/MWh for tracking PV farms in Chile, and $57/MWh for offshore wind in Denmark. These cost hikes mark a rough patch for renewables, but not an inflection point.

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Fusion Fuel Green partners with CCC to develop green hydrogen demonstrator plants in Middle East

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Commenting on the news, Richard Thompson, Editorial Director at MEED, part of GlobalData, said: For nearly a century, the Gulf’s abundant supplies of accessible hydrocarbons has put it at the center of a gas-guzzling global economy. Territories that were largely desert in the middle of the 20th century are now thriving oil economies.

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ExxonMobil: global GDP up ~140% by 2040, but energy demand ~35% due to efficiency; LDV energy demand to rise only slightly despite doubling parc

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Significant growth in the global middle class, expansion of emerging economies and an additional 2 billion people in the world will contribute to a 35% increase in energy demand by 2040, according to ExxonMobil’s latest Outlook for Energy report. The OECD represents the developed economies. Click to enlarge. Outlook for Energy.

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IEEE Discusses 6 Simple Solutions to Climate Change at COP27

Cars That Think

That’s according to 2023 IEEE President Saifur Rahman , who was among the speakers from engineering organizations at the COP27 event held in Egypt in November. He also said low-cost, low-carbon hydrogen fuel should be considered as part of the renewable energy mix.

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UN Environment report says national GHG pledges only bring one-third of reductions needed for Paris Agreement

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Substantial emission reductions due to fuel economy standards for passenger cars are already included in the current policy scenario. CO 2 emissions have remained stable since 2014, driven in part by renewable energy, notably in China and India, however the atmospheric concentration continues to increase ( earlier post ).

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More than 50 percent of MoUs signed in Vibrant Gujarat are green | Autocar Professional

Baua Electric

Semiconductors, green hydrogen, renewable energy, electronics, MSMEs, and electric mobility are some of the focus areas for the summit. We are constructing the world’s largest Renewable Energy Park at Khavda and investing Rs 2 lakh crore in Gujarat.

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