Renewable Insights - First Monthly Edition !

The race for green hydrogen dominance is heating up worldwide:

• USA: $7 billion funding announced for regional clean hydrogen hubs

• EU: Targeting 40 GW of renewable hydrogen electrolyzer capacity by 2030

• Saudi Arabia: $8.4 billion green hydrogen plant under construction

• Namibia: $9.4 billion project aims for 300,000 tons annual production by 2030

• India: $2.3 billion incentive program to boost green hydrogen production

Bigger turbines and floating technologies are pushing the boundaries:

• GE's Haliade-X 14 MW offshore turbine certified, generating up to 74 GWh annually

• Vestas introduces V236-15.0 MW turbine with massive 236-meter rotor diameter

• California approves 25 GW offshore wind capacity by 2045

Efficiency records are tumbling in the solar sector:

• Oxford PV achieves 29.52% efficiency for perovskite-silicon tandem cells

• NREL's new design reaches 47.1% efficiency under concentrated light

Advancements in electrolyzer technology are driving down green hydrogen costs:

• Nel ASA's 20 MW electrolyzer produces 8 tons of green hydrogen daily

• Enapter's AEM Multicore delivers 450 kg/day with modular design

• NREL's high-temperature electrolysis could cut production costs by 30%

Global Green Hydrogen Initiatives: Denmark and India Lead the Way !

• Ørsted and Skovgaard Energy: 150 MW green hydrogen project in Denmark

• Adani New Industries and TotalEnergies: $50 billion investment over 10 years

• ReNew Power and Larsen & Toubro: Targeting 1 million tons annual production in India

🚀 Regional Ambitions

Global Hydrogen Race Heats Up: UAE, Africa, and Europe Set Ambitious Targets for 2030-2035

• Middle East: UAE aims to capture 25% of global hydrogen market by 2030

• Africa: African Hydrogen Partnership targets 1,000 GW capacity by 2035

• Europe: HyDeal Ambition project aims for €1.5/kg green hydrogen before 2030