Rethink Energy predicts that the green hydrogen market will be valued at $850 billion by 2050, driven by the installation of more than 5TW of electrolysis capacity. The report highlights the importance of around 650GW of electrolyser manufacturing capacity and forecasts cumulative sales of $2 trillion, making a solid return on the $111 billion investment in electrolyser gigafactories. The hydrogen industry is poised to follow the trajectory of the LNG market, with major players including the US, China, Australia, Chile and select European and African countries dominating global supply. While certain supply chain links and scarce elements may present challenges, overall electrolyser prices are expected to continue to decline.

Hydrogen Europe said global ammonia production, led by the Asia-Pacific region, had continued to grow over the past four years, reaching 185 metric tons in 2020. The group highlighted that renewable hydrogen supply costs would break even at around €3.0/kg, with natural gas at €50/MWh. However, if natural gas prices fall to historical levels of around €20/MWh, hydrogen supply costs will come under intense pressure and the breakeven point will drop to around €1.6/t. Ammonia now accounts for nearly a third of Europe's hydrogen consumption, making it the second-largest consumer after refining. The role of ammonia is expected to increase as crude oil refining becomes less important.

Masdar and Airbus have agreed to support the development of the global sustainable aviation fuel market. The collaboration focuses on sustainable aviation fuel, green hydrogen, direct air capture technology, and booking and claims solutions. Masdar leads an initiative to use green hydrogen for sustainable aviation fuel production, working with licensors to certify a new methanol-based pathway.

The Danish Energy Agency and Ørsted Bioenergy & Thermal Power have completed state aid negotiations for Denmark's first comprehensive CO2 capture, transport and storage project. Starting in 2026, the project will capture and store 430,000 tonnes of carbon dioxide per year.

Wood is working with gas distributor SGN to speed up plans for critical hydrogen transmission infrastructure in Scotland and southern England. Over the next 12 months, Wood will conduct three pre-FEED studies to determine the routing and design of new dedicated hydrogen pipelines and associated transmission infrastructure, the consultancy and engineering firm said.

Innio said Pan-Ledi had selected a Jenbacher J420 engine for its 1 MWe cogeneration project in Nova Pazova, Serbia, to provide electricity for electric vehicle charging. The contract calls for a containerized cogeneration unit with a generating capacity of approximately 1 MWe. According to the energy solutions and services provider, the Jenbacher CHP plant will use hydrogen produced from electrolyzers powered by a solar photovoltaic plant near Cuprija. The hydrogen will be temporarily stored before being transported from Cuprija to Nova Pazova. Delivery and commissioning of the Jenbacher CHP plant is expected in the fourth quarter.Editor/XingWentao