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.
AIMCo will now hold a total ownership stake of 87% in HEP, which is developing a blue hydrogen facility at the Port of Corpus Christi.
Vertex Energy sold an Ohio used motor oil refinery for $90m, and will invest further in renewable diesel and potential sustainable aviation fuel opportunities.
Mona Dajani has moved to law firm Baker Botts after less than a year at Shearman & Sterling.
An early-stage provider of distributed methanol-to-hydrogen solutions is planning a capital raise as it scales up.
A urea production facility in Canada is seeking equity inputs from regional agricultural producers and is close to hiring a financial advisor to raise senior debt.
An IPP and developer of wind, solar and storage projects is in early discussions with potential partners to co-locate electrolysis with its operating assets and projects in development.
