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    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    Hydrogen Market To Continue With Its Growing Trajectory

    EU Endorses German 28-Billion-Euro Renewable Energy Plan

    No Way EU Can Be Part of The Energy Charter Treaty Anymore

    Nuclear Derived Hydrogen- France Looks To Have Support

    Australia's largest planned renewables zone swamped with 34 GW of capacity

    Iberdrola wins 25MW floating solar project in France

    Total launches battery-based energy storage project in France

    CIP and Amberside Energy partner to deliver solar and battery storage projects in the UK

    Iberdrola and Danone signed PPA for 590 MW solar park in Spain

    MPC Energy Solutions announced the start of operations for its solar plants in El Salvador

    Siemens Gamesa extends its €2.5 billion syndicated financing facility, linking it to ESG criteria

    Siemens Gamesa and Doosan Enerbility sign offshore wind partnership framework agreement

    Argentina reveals its nuclear new build plans

    Myanmar, Russia sign pact on developing nuclear power

    Construction begins on new units at two nuclear power plants in China

    MarketVector Indexes Licenses the MarketVector Global Uranium and Nuclear Energy Infrastructure Index to VanEck Europe

  • Market Moves
    Refiners Should Not Be Making Above Normal Profits- Biden

    Refiners Should Not Be Making Above Normal Profits- Biden

    Cluster of Businesses Want The EU To Improve Energy Security

    Cluster of Businesses Want The EU To Improve Energy Security

    Enel plans to expand power distribution business into US

    In A Move To Avert Blackouts Australia Halts Power Market

    Central American Development Bank commits $800 million toward the fuel relief effort

    Central American Development Bank commits $800 million toward the fuel relief effort

    A New 500-MW Supercritical Coal-Fired Power Plant Going into Operationa in Philippines

    EU Reduces Plans of Fossil-Fueled Electricity By One-Third

    BP to invest up to £18 billion in UK energy system by 2030

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    India achieved a solar share of 10.69 percent of installed power capacity

    Altea Green Power inks deal with Aer Soleir to build 300MW projects in Italy

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    TotalEnergies starts up its fourth solar power plant in Japan

    ACCIONA Wind Energy

    ACCIONA Energia to supply 100% renewable energy to Grupo Violas in Portugal

    Fermi Energia Selects GE Hitachi Nuclear Energy BWRX-300 Small Modular Reactor for Deployment in Estonia

    Fermi Energia Selects GE Hitachi Nuclear Energy BWRX-300 Small Modular Reactor for Deployment in Estonia

    Atlas and Hitachi to develop energy storage systems for renewable projects

    Nine New Countries Sign Up for Global Offshore Wind Alliance at COP27 in Sharm El-Sheikh

    SolarDuck to build 5MW floating solar demonstrator integrated with offshore wind farm

    United Kingdom Onshore Wind Generation Has Now Reached 37GW

    ABO Wind connects first wind farm in Poland

    US Authorities Seek To Reduce Regulations On Offshore Wind

    Europe’s latest wind offshore auction mainly using non-price criteria is a success

    Italy's Innovatec targets EUR 100m in revenue from new solar business

    Italy’s Innovatec targets EUR 100m in revenue from new solar business

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Hydrogen Market To Continue With Its Growing Trajectory

in News

The hydrogen market is believed to be continuing with its growth path this year despite of the fact that there are economic challenges that are witnessed across the world, as per GlobalData. The hydrogen production capacity is forecast to reach 4.5 million tonnes per annum by the end of this year.

This highlights a 165% rise as compared to 2022, which is underpinned by a clean energy transition as well as decarbonization goals across the world.

According to Energy Analyst Andres Angulo at Globaldata, during 2022, more than 393 deals pertaining to hydrogen came into effect, highlighting a significant surge as compared to the 277 deals that were struck in 2021. These figures show an upward trajectory in the hydrogen market development which by the way can be decisive when it comes to achieving more than 71 mtpa capacity across the world by 2030.

That said, the collaborations resulted in 66% of the deals last year, and the numbers decreased after the second quarter of 2022 to figures that were even lower than those seen within the same quarter of 2021. The reason behind this could be that companies are looking to strengthen their key businesses and also diversify the risk of investment, considering the global economic situation.

Last year also saw mergers and acquisitions numbers touch $24.4 billion, which was an increase of 288% as compared to what had happened in 2021. Notably, the venture finance deals grew from $592.2mn to a whopping $3bn.

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