Latest Developments in Global Hydrogen Storage Market

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Latest Developments in Global Hydrogen Storage Market

  • Chemical and Materials
  • May 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

  • In May 2022, Air Products, OQ, and ACWA Power entered into a cooperative development agreement to establish a world-scale green hydrogen-based ammonia production facility in Oman. The project is strategically designed to capitalize on Oman’s geographic advantage and abundant renewable energy resources, such as solar and wind, to produce green ammonia for global export. The facility will play a key role in advancing hydrogen storage capabilities, as green ammonia serves as an efficient carrier for hydrogen, facilitating long-distance transport and long-term storage
  • In March 2022, Air Liquide and Lotte Chemical announced the formation of a joint venture focused on strengthening the hydrogen supply chain, with a particular emphasis on the mobility sector. By leveraging their combined resources, technological expertise, and infrastructure capabilities, the collaboration aims to accelerate the deployment of hydrogen across fuel cell vehicles and other transportation applications, thereby supporting the shift toward cleaner mobility solutions. This joint venture contributes to the hydrogen storage market, as the development of a robust and scalable hydrogen supply chain necessitates advanced storage systems for safe and efficient distribution
  • In December 2021, Howden and Chart Industries entered into a strategic collaboration to develop an advanced hydrogen solution by integrating Chart’s hydrogen equipment portfolio with Howden’s specialized gas compression technologies. The partnership was aimed at improving the efficiency, scalability, and economic viability of hydrogen applications across key industries, including energy, transportation, and industrial manufacturing. This collaboration enhances system performance and safety in the compression and storage phases of the hydrogen value chain
  • In July 2022, Hanwha Solutions partnered with Shell to develop an expansive hydrogen refueling infrastructure across California. As part of the collaboration, Hanwha Solutions supplied its advanced Type IV high-pressure hydrogen tanks, branded as Neptune, to support Shell’s efforts in scaling hydrogen fueling capabilities and enhancing accessibility in the U.S. market. This initiative directly contributes to the growth of the hydrogen storage market by demonstrating the increasing demand for high-performance storage solutions in mobility applications
  • In February 2022, Hexagon Purus announced a partnership with BMW AG, Robert Bosch GmbH, and TesTneT Engineering GmbH under the collaborative project titled FlatHyStor. The initiative focuses on developing an innovative, space-efficient hydrogen storage system tailored for hydrogen-powered vehicles, aiming to enhance storage capacity while optimizing design for vehicle integration. The FlatHyStor project represents a significant advancement in next-generation hydrogen storage technology, particularly in the automotive sector