The global green hydrogen market is growing at a vertiginous speed, with some estimates projecting it will reach $515.6bn in revenue by the end of 2035, up from $1.7bn in 2022.
In North America, twelve investors and developers, including Plug Power, Monarch Energy, and Pattern Energy, hold leading positions in green hydrogen project activity.
The data is based on the number of projects the companies are moving forward, as of January 2024.
The new hire, Jack Hedge, will be responsible for leading the development of hydrogen projects in North America.
Australian company Hysata has raised an oversubscribed Series A funding round of $29m USD.
Strathcona Resources will seek to capture and store up to two million tons of CO2 annually on its oil sands facilities, with the Canadian Growth Fund and Strathcona each contributing up to $1bn in project funding.
A de-SPAC deal and associated capital raise for a hydrogen technology and project development firm are still on track to close this year, despite this year’s busted SPAC deals and sagging hydrogen public market performance.
The North American wing of the global technology company is in the earliest stages of engaging EPC providers and economic development officials for its next US electrolyzer manufacturing site, Richard Voorberg, president of Siemens Energy North America, said in an interview.
Global ammonia and methanol producer OCI Global is working with an investment bank to explore a sale of ammonia and methanol assets as part of the re-opening of its strategic business review.
