Cummins Inc. (NYSE: CMI), a prominent global player in the hydrogen industry, has announced an impressive Q2 performance for 2023. With revenues touching $8.6 billion, marking a 31% increase from 2022, the report signifies robust growth in North America and international markets alike.
Despite failed attempts to pass legislation related to developing hydrogen energy in New Mexico, the state’s environment department remains focused on the controversial fuel source.
In a significant stride toward decarbonizing industry and transport sectors, global renewable hydrogen producer, Hy2gen, has inked a cooperation agreement for a 200 MW renewable ammonia production plant in Campeche, Mexico.
Sunfire Fuel Cells GmbH, based in Neubrandenburg, is pleased to announce that the Sunfire-Remote 400 fuel cell has successfully obtained certification for the North American market and has received the prestigious CSA certificate. According to the certification standards, the product will now be marked with the CSA seal and the indicators ‘C’ and ‘US’ for Canada and the United States.
New research from Deloitte suggests that the global hydrogen market could more than double, reaching $1.4 trillion per year by 2050. This growth is expected to be driven primarily by green hydrogen, which is projected to account for 85% of the market by 2050.
New assessment and 3D model validate larger than expected salt dome – confirming potential to store more than 35 million cubic meters, or the equivalent of 180,000 tonnes of hydrogen – would make Fishell’s Dome the largest salt storage facility on North America’s east coast.
Seismic and gravity surveys have located at least two major salt structures that are potentially suitable for road salt exploration and hydrogen cavern development at the Robinsons River Salt Project, Newfoundland.
