POWER-TO-GAS MARKET ANALYSIS
Global Power-to-Gas Market: Key Developments
In June 2022, the U.S. Department of Energy invested US$ 504.4 million in finance Advanced Clean Energy Storage, a clean energy and clean hydrogen storage facility that can provide long-term energy storage.
In February 2022, Mitsubishi Power announced a purchase agreement with HydrogenPro in place of a strong electrolyzer system. The HydrogenPro electrolyzer syste creates green hydrogen and oxygen through electrolysis with the use of solar and wind energy.
In January 2021, Linde PLC Company announced the plans to develop the largest ever electrolyzer plant in Germany, in 2022. As per the EU member states, the complete hydrogen mobility target is likely to be achieved completely by 2030.
In December 2021, Larsen & Toubro (L&T) announced partnership with ReNew Power to tap into the emerging green hydrogen business in India. Under this partnership agreement both companies will together develop, own, execute, and operate green hydrogen projects in the country.
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