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Operational clean hydrogen production projects set to double globally within the next five years

Envirotec Magazine

Separately, data from Pitchbook reveals that, in 2022, private equity firms spent $3.1 At present, North America and the UK are certainly playing catch-up to Europe, given Europe had started well ahead of the pack with policies supporting the creation of a hydrogen economy. billion in 192 startups.

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IEA: Carbon emissions of global electricity sector on track for slight dip in 2022

Business Green

Carbon emissions from the electricity sector are set to decline this year, as demand growth for electricity around the world slows and additions of renewable power generation edge fossil fuel generators off electricity grids around the world, according to the latest data from the International Energy Agency (IEA).

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The COP28 pledge to triple up by 2030 and implications for geothermal

ThinkGeoEnergy

Global installed renewable electricity generation capacity in the 1.5°C C Scenario, 2022 and 2030 (source: IRENA, “Tripling renewable power and doubling energy efficiency by 2030: Crucial steps towards 1.5°C”) This is the only way that ambition can become reality.

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Brookfield Renewable, Plug Power partner on hydropower-fueled hydrogen plant

Renewable Energy World

The plant will be located along the Susquehanna River in south-central Pennsylvania, U.S., and is expected to be online by late 2022, with construction slated to begin by in the first quarter of 2022. Once operational, the plant is projected to produce about 15 metric-tons of liquid hydrogen per day.

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Volkswagen to turbocharge global EV push with €120bn investment

Business Green

Unveiling its full-year 2022 financial results, the German car giant said its operating profits rose to €2.6bn despite "challenging" economic conditions, with overall sales across its fossil fuel and EV portfolio rising from €68bn to €74bn. The update confirmed sales of the auto giant's fully electric vehicles rose 23.6

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GM and Honda team up on drive to develop 'affordable' electric vehicles

Business Green

Car giants General Motors (GM) and Honda are teaming up to jointly develop a series of affordable electric vehicles (EVs) using next-generation battery technology, with a view to kick-starting global production of millions of cars within five years, the firms announced yesterday. "GM — BYD (@BYDCompany) April 3, 2022.

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Global gas squeeze highlights need for security of supply – report

Smart Energy International

The exceptionally high gas, and by extension electricity, prices are likely to have an impact beyond just northern markets and the current season. A ripple effect in both mature and emerging gas importing market is already visible, says the IEA’s Gas Market Report Q1 2022. International Energy Agency’s Gas Market Report Q1 2022.