Fintech PR
Global hydrogen industry reports $75 billion in committed capital but climate targets at stake due to project delays
BRUSSELS, Sept. 17, 2024 /PRNewswire/ — The global clean hydrogen project pipeline is growing and maturing, with a sharp increase in projects reaching final investment decision (FID), according to the Hydrogen Council’s latest analysis of more than 1,500 projects worldwide. At the same time, the pace and scale of deployment need to accelerate dramatically to meet global climate goals.
The Hydrogen Insights 2024 report, released today and co-authored by McKinsey & Company, reveals that while the global project pipeline has grown by a factor of seven since 2020 from 228 projects to 1,572 projects, as of May 2024, it has also matured, with a strong focus on advancing projects towards execution. Most notably, clean hydrogen projects that reached FID have also seen a seven-fold increase in committed investment, growing from approximately USD 10 billion across 102 projects in 2020 to some USD 75 billion across 434 projects in 2024.
The most recent data from October 2023 to May 2024 further underscores a clear shift from project planning to implementation. Total announced investments through 2030 have increased by approximately 20% – from USD 570 billion to USD 680 billion. The most notable growth has occurred in the more advanced stages of project development, with investments past FID growing by a remarkable 90%, followed by a 30% increase in front-end engineering design (FEED) stage projects.
This clear shift across the global project pipeline from announcements to implementation is coupled with natural attrition that fosters industry maturation by eliminating less viable projects and prioritising those with the highest potential, a pattern also seen in the early stages of other clean energy industries such as wind and solar.
Jaehoon Chang, President and CEO of Hyundai Motor Company and Co-Chair of the Hydrogen Council, said: “The seven-fold increase in committed capital for hydrogen projects reaching FID over the past four years demonstrates the industry’s progress. We are pleased to see the industry walking the talk at this critical transitional moment, as evidenced in the latest Insights report. Moreover, further action is needed to ensure an accessible and affordable hydrogen supply, enabling the widespread adoption of hydrogen.”
Despite progress, the hydrogen sector, like other clean energy industries currently, faces macroeconomic headwinds including rising inflation and interest rates, as well as geopolitical tensions affecting energy markets. Sector-specific issues such as regulatory uncertainty and increasing costs for renewable power and electrolysers have led to project delays, particularly for renewable hydrogen projects.
Ivana Jemelkova, CEO of the Hydrogen Council, said: “This report sends a clear message: hydrogen is happening. Now that hydrogen is a reality in the energy transition, it’s time to drive significantly more investment by 2030 to meet our mid-century targets. Equipped with concrete lessons learned from the past four years, we must urgently address challenges in key markets and create a more favourable environment for project execution.”
Sanjiv Lamba, CEO of Linde and Co-Chair of the Hydrogen Council, said: “Realising hydrogen’s full climate and socio-economic potential requires a united effort from governments and industry. With a supportive regulatory framework and targeted incentives, investors will have the certainty they need to move projects to FID – ultimately contributing to achieving global climate targets.”
About Hydrogen Insights
Hydrogen Insights is the Hydrogen Council’s regularly published perspective on the hydrogen industry’s evolution. It summarises the current state of the global hydrogen sector and actual hydrogen deployment. Authored by the Hydrogen Council in collaboration with McKinsey & Company, the report draws on a combination of public information and proprietary data from Hydrogen Council members and represents a collaborative effort to share an objective, holistic, and quantitative perspective on the status of the global hydrogen ecosystem.
About The Hydrogen Council
The Hydrogen Council is a global CEO-led initiative with a united vision and long-term ambition for hydrogen to accelerate the clean energy transition. It brings together a diverse group of 140 companies from 20 countries across Americas, Europe, Africa, the Middle East and Asia Pacific. Spanning the entire value chain, and including large multinationals, innovative start-ups as well as investors, the Council’s membership represents some $9 trillion in market capitalization, 6.8 million in FTEs and some $6.4 trillion in revenues.
The Council is committed to unlocking the sustainability potential of clean hydrogen, fostering business and technological innovation as drivers for sustainable growth, creating quality jobs and delivering social value. Using its global reach to promote collaboration between industry, governments, investors, and the civil society, the Council provides insights on and pathways for accelerating the deployment of hydrogen ecosystems around the world. It also supports the development of international safety and sustainability standards, paving the way for the deployment of reliable hydrogen solutions at scale.
To find out more visit www.hydrogencouncil.com and follow us on X @HydrogenCouncil and LinkedIn.
Media Enquiries
Joanna Damerell, Communications Manager, Hydrogen Council
[email protected]
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View original content:https://www.prnewswire.co.uk/news-releases/global-hydrogen-industry-reports-75-billion-in-committed-capital-but-climate-targets-at-stake-due-to-project-delays-302250196.html
PORT VILA, Vanuatu, Jan. 10, 2025 /PRNewswire/ — Vantage Markets, a leading multi-asset trading platform, is set to make a significant impact at the upcoming iFX EXPO Dubai 2025, scheduled for January 14-16 at the Dubai World Trade Centre. As an Elite Sponsor, Vantage is poised to showcase its latest innovations and commitment to empowering traders worldwide.
In a recent exclusive interview, Souhail Fadlallah, Business Development Manager at Vantage, shared insights into the company’s objectives for the expo and the value it aims to deliver to attendees.
Fadlallah emphasized Vantage’s dedication to providing traders with tools and resources designed to enhance their trading experience. Attendees visiting Vantage’s booth can expect to discover the latest advancements in trading platforms, including features aimed at streamlining user experiences and optimizing performance.
Beyond technology, Vantage is committed to offering advanced educational resources. Fadlallah highlighted the company’s suite of learning tools that provide traders with valuable insights and training materials to sharpen their skills and achieve success in the financial markets. Additionally, Vantage’s robust affiliate and partner programs are designed to drive mutual growth and success, reflecting the company’s dedication to creating value for its partners.
For Vantage, participation in iFX EXPO Dubai 2025 is about more than showcasing its offerings; it’s about building trust and fostering meaningful connections. Fadlallah stated, “We want attendees to leave iFX EXPO Dubai with the clear message that Vantage is more than just a trading platform. We’re a partner deeply committed to innovation, transparency, and the success of all our clients.”
Vantage invites all attendees to visit their booth at the iFX EXPO Dubai 2025 to explore their offerings and engage with their team of experts. The event promises to be a hub of innovation, insights, and empowerment in trading.
For more information about Vantage and their participation in iFX EXPO Dubai 2025, visit Vantage Markets.
About Vantage
Vantage Markets (or Vantage) is a multi-asset CFD broker offering clients access to a nimble and powerful service for trading Contracts for Difference (CFDs) products, including Forex, Commodities, Indices, Shares, ETFs, and Bonds.
With over 15 years of market experience, Vantage transcends the role of broker, providing a trusted trading ecosystem, an award-winning mobile trading app, and a user-friendly trading platform that empowers clients to seize trading opportunities. Download the Vantage App on App Store or Google Play.
trade smarter @vantage
RISK WARNING: CFD trading carries significant risks. You could lose more than your initial investment.
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Fintech PR
AZZURRI GROUP LAUNCHES ITS 2024 SUSTAINABLE DINING REPORT AND ACHIEVES FURTHER REDCUTIONS IN CARBON EMISSIONS
- Market-leading operator of ASK Italian, Zizzi and Coco di Mama launches third annual Sustainable Dining Report revealing it reduced its GHG emissions intensity by 7% in 2024 which was delivered against an expanding restaurant portfolio
- Reduction in operational emissions driven by 1.3 million kHh less electricity consumed, equivalent to serving 1.9 million pizzas annually
- Partnering with like-minded suppliers delivered carbon reductions in the Group’s value chain, for instance, the introduction of Wildfarmed flour at ASK Italian helped cut the business’ dough footprint by 50%
- Amidst a period of growth, the Group opened three more SKA Gold certified restaurants, ensuring key sustainability metrics are met when opening and refurbishing restaurants across the portfolio
- The Group also continues to be invested in supporting communities by donating and redistributing over 250,000 meals to local communities since 2022
LONDON, Jan. 10, 2025 /PRNewswire/ — Azzurri Group, the hospitality platform investing in leading businesses including ASK Italian, Zizzi and Coco di Mama, today launches its fourth annual Sustainable Dining Report.
During FY24, the company delivered a strong financial performance, opening additional restaurants, expanding retail offerings and growing its portfolio with Boojum, Dave’s Hot Chicken and Openr.
During this period of growth, Azzurri Group achieved a reduction in total carbon emissions across its core businesses. This reduction was achieved both in absolute terms and an even greater intensity reduction of 7% (tCO2e/ £1m turnover), building on last year’s reported year-on-year reductions of 9.7%. This progress demonstrates Azzurri’s commitment to becoming a net zero business by 2040 and a reflection of how the business is integrating responsible stewardship at every level of its operations.
Restaurants are continuously monitored and incentivised on energy efficiency. Innovative behavioural campaigns were at the heart of the electricity reduction achieved in FY24. The Group also continues to work on its Scope 3 emissions hot spots and to devise strategies to reduce related emissions by constantly reviewing food offering and partnering with like-minded businesses. ASK Italian’s partnership with regenerative flour producer Wildfarmed is an example of a collaboration that allows the brand to offer a fantastic tasting product while reducing carbon emissions.
Linking performance with lower carbon emissions is also key to the Group’s design and construction strategy. The Group has opened three more sites with a SKA-Gold certification, a rigorous third party verified assessment aiming to promote environmental best practices within building fitouts. Zizzi Bridgend, Ask Italian Merry Hill and Zizzi Chatham were amongst the latest to achieve the accolade.
The Group also remains focussed on our communities. It made fast progress on its goal of donating half a million meals by 2030, already having donated and redistributed over 250,000 meals since 2022. This has been possible thanks to a range of strategies, such as Coco Di Mama’s committed to redistributing surplus food with food banks with Olio’s support and Ask Italian’s donations to FareShare and local food banks.
The 2024 Sustainable dining report captures the above and shares further details on the Group’s progress against its Responsible Business Goals and how these contribute to wider topics, such as the United Nation’s Sustainable Development Goals.
Steve Holmes, Chief Executive Officer of Azzurri Group, commented:
“Since we defined our purpose, mission and values back in 2021, our commitment to being a more sustainable business has grown year on year.
I am proud to see our teams lead with collaboration, innovation and dedication, embedding ESG into their day-to-day operations. This approach has meant sustainability is now woven into our decision making and the way we operate. Ultimately, this has strengthened our business, making us more resilient and more adept at building better food businesses.
I’m grateful to our teams who have embraced the opportunity to be a better business for our people and planet. Whether it’s through the 500 volunteer hours we have contributed since 2021, or our collective efforts to reduce carbon emissions across operations and supply chains, our teams have risen to the challenge to make sustainability happen across our business.”
View original content:https://www.prnewswire.co.uk/news-releases/azzurri-group-launches-its-2024-sustainable-dining-report-and-achieves-further-redcutions-in-carbon-emissions-302347377.html
Fintech PR
Vietnam’s Youth Rally Behind Blockchain: KuCoin Reveals Groundbreaking Insights at VTIS 2024
HANOI, Vietnam, Jan. 10, 2025 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, is excited to share the findings from its second edition of the KuCoin Campus Survey, conducted during the Vietnam Technology & Investment Summit (VTIS) 2024. With 926 participants surveyed from December 3rd to December 4th, 2024, the results underscore the vibrant interest in blockchain technologies among Vietnam’s youth, reinforcing KuCoin’s commitment to nurturing this vital market.
The survey, a key initiative under KuCoin Campus, highlights a strong, positive sentiment towards cryptocurrencies, with 92% of participants optimistic about the future of digital assets. Remarkably, 82% of respondents are considering blockchain-related careers, signaling a burgeoning talent pool eager for development and opportunities within the industry.
Vietnam’s strategic importance to both KuCoin and the broader crypto community is evident as 68% of participants expressed a “very high interest” in blockchain, making it a critical hub for crypto innovations and community engagement. Additionally, 73% of respondents currently hold cryptocurrencies, demonstrating a mature market ready for further expansion and adoption.
The survey also uncovered a significant inclination towards diverse blockchain roles, with data analysis (24%), marketing (22%), and business development (21%) being the most coveted. These insights are invaluable as they highlight the areas of highest potential and interest among the future workforce.
“Vietnam has been and will continue to be a key market for us,” said Alicia Kao, the Managing Director of KuCoin. “As the People’s Exchange, we are committed to empowering and equipping this new generation with the tools they need to succeed in the evolving digital landscape.”
View the full report here (EN version, VN Version), or visit KuCoin’s official website for further information.
About KuCoin
Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 37 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. These recognitions reflect its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence.
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View original content:https://www.prnewswire.co.uk/news-releases/vietnams-youth-rally-behind-blockchain-kucoin-reveals-groundbreaking-insights-at-vtis-2024-302347817.html
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