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Solid State Hydrogen Storage Solution Market Size to Grow USD 423.9 Million by 2030 at a CAGR of 31.6% | Valuates Reports

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BANGALORE, India, June 21, 2024 /PRNewswire/ — Solid State Hydrogen Storage Solution Market is Segmented by Type (Physical Adsorption Hydrogen Storage, Chemical Hydride Hydrogen Storage), by Application (Power Battery, Transportation, Others): Global Opportunity Analysis and Industry Forecast, 2024-2030.

The global Solid State Hydrogen Storage Solution market was valued at USD 65 million in 2023 and is anticipated to reach USD 423.9 million by 2030, witnessing a CAGR of 31.6% during the forecast period 2024-2030.

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Major Factors Driving the Growth of Solid State Hydrogen Storage Solution Market:

The market for solid-state hydrogen storage solutions is rising quickly because there is an increasing need for safe and effective hydrogen storage solutions for a range of uses, such as industrial operations, transportation, and renewable energy. The use of solid-state storage systems has several benefits over more conventional techniques, including reduced pressure for storing hydrogen, increased energy density, and enhanced safety. These advantages are essential for hydrogen’s acceptance as a clean energy source, particularly for fuel cell automobiles and renewable energy projects. Investments in solid-state hydrogen storage technologies are rising as the need for sustainable energy solutions grows on a worldwide scale. This is propelling industry expansion and encouraging innovation in materials and storage methods.

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TRENDS INFLUENCING THE GROWTH OF THE SOLID STATE HYDROGEN STORAGE SOLUTION MARKET

The market for solid-state hydrogen storage solutions is expanding due to the availability of chemical hydride hydrogen storage, which is a convenient, secure, and effective way to store hydrogen under ambient circumstances. This is especially true for applications involving transportation. With the use of chemical substances like metal hydrides, this technique offers a high-density hydrogen storage choice by releasing hydrogen gas when it reacts with water or breaks down thermally. These qualities fit the needs of the transportation industry very well, since fuel cell vehicles need portable and dependable hydrogen storage options. Therefore, the growing use of hydrogen in transportation as a clean energy source is encouraging the advancement and commercialization of solid-state hydrogen storage technologies, increasing their marketability and scalability.

The market for solid-state hydrogen storage solutions is expanding due to physical adsorption hydrogen storage, which makes use of cutting-edge materials including carbon-based nanomaterials and metal-organic frameworks (MOFs). These materials offer a high storage capacity in a compact shape because they can absorb significant amounts of hydrogen at low temperatures and moderate pressures. Applications like fuel cell vehicles that need for efficient and lightweight hydrogen storage will find this technology very appealing. Innovation and the use of physical adsorption techniques are propelling advances and investments in the solid-state hydrogen storage market as the need for clean and sustainable energy solutions grows.

The solid-state hydrogen storage solution market is expanding as a result of increased demand for power batteries, especially for electric and hybrid cars. The limits of conventional batteries in terms of energy density and charge durations underscore the need for supplementary energy storage solutions as the car industry shifts to greener technology. Solid-state hydrogen storage is a desirable addition or substitute for conventional batteries since it provides faster refueling and higher energy densities. As industries work to incorporate adaptable and efficient energy storage systems to fulfill a variety of power demands, this synergy is stimulating research and development in solid-state hydrogen storage technology.

The market for solid-state hydrogen storage solutions is significantly influenced by environmental sustainability. There is a deliberate attempt to switch from fossil fuels to greener energy sources as public awareness of climate change and the negative effects of greenhouse gas emissions grows. For many energy applications, hydrogen presents an emission-free option, especially when derived from renewable resources. Transportation, industry, and domestic energy sectors can all benefit from the broad adoption of solid-state hydrogen storage systems like metal hydrides and chemical hydrides, which offer a safe and effective way to store hydrogen. These solutions support the objectives of global sustainability by lowering the carbon footprint. To encourage the use of hydrogen, governments and international organizations are enacting strict rules and providing incentives, which is further propelling the market’s growth.

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SOLID STATE HYDROGEN STORAGE SOLUTION MARKET SHARE ANALYSIS

NPROXX, H2GO Power, Shanghai Hyfun Energy Technology, GKN Hydrogen, Whole Win (Beijing) New Energy Technology, and other prominent global players in the Solid State Hydrogen Storage Solution market. Nearly 40% of all manufacturers worldwide are in the top five.

With a market share of about 40%, Asia-Pacific is the largest market for solid state hydrogen storage solutions, followed by North America and Europe.

Key Players:

Shanghai Hyfun Energy TechnologyGKN HydrogenGrz TechnologiesLAVOMcPhyH2GO PowerWhole Win (Beijing) New Energy TechnologyGeneral Research Institute for Nonferrous MetalsHystorsysPlasma KineticsAE&MNPROXX

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

–  Solid Hydrogen Storage Material Market

–  Hydrogen Gas Market

–  The global Hydrogen Fuel Cells market size is estimated to be worth USD 4526 million in 2022 and is forecast to a readjusted size of USD 25510 million by 2028 with a CAGR of 33.4% during the review period.

–  The global green hydrogen market was valued at USD 2.5 Billion in 2022, and is projected to reach USD 143.8 Billion by 2032, growing at a CAGR of 50.3% from 2023 to 2032.

–  The global Blue Hydrogen market was valued at USD 2124 million in 2023 and is anticipated to reach USD 4645 million by 2030, witnessing a CAGR of 12.0% during the forecast period 2024-2030.

–  Hydrogen Generation Systems Market

–  Waste to Hydrogen Market

–  Hydrogen Peroxide Industry Research Report

–  Hydrogen Storage Cascades Market

–  The global Hydrogen Generation Rectifier market was valued at USD 258 million in 2023 and is anticipated to reach USD 549 million by 2030, witnessing a CAGR of 9.7% during the forecast period 2024-2030.

–  Catalyst For Hydrogen Production Market

–  The global market for Hydrogen Analyzers was estimated to be worth USD 143 million in 2023 and is forecast to a readjusted size of USD 180.2 million by 2030 with a CAGR of 3.7% during the forecast period 2024-2030

–  Hydrogen Fuel Cell Catalyst Market

–  The global Hydrogen Water Machine market was valued at USD 775 million in 2023 and is anticipated to reach USD 1117.4 million by 2030, witnessing a CAGR of 5.4% during the forecast period 2024-2030.

–  Hydrogen Priority Panel Market

–  Hydrogen Fuel Cell Gas Diffusion Layer was estimated at USD 611.16 million in the year 2022, is projected to reach a revised size of USD 4,059.74 million by 2029, growing at a CAGR of 30.14% during the forecast period 2023-2029.

–  Renewables-to-Hydrogen Technology Service Market

–  Hydrogen Furnace Market

–  The global Hydrogen Gas market size is expected to reach USD 223770 million by 2029, growing at a CAGR of 2.7% from 2023 to 2029.

–  Hydrogen Recovery System Market

–  Blue Hydrogen Market

–  Hydrogen Storage Technology Market

–  The global Vehicle Hydrogen Storage Bottle Valve market was valued at USD 127 million in 2023 and is anticipated to reach USD 1103 million by 2030, witnessing a CAGR of 37.2% during the forecast period 2024-2030.

–  Hydrogen Storage Equipment Market

–  Alkaline Water Electrolysis Hydrogen Production System Market

–  The global Nitrogen Hydrogen Tracer Gas Leak Detectors (Nitrogen-Hydrogen Air Leak Testers) market was valued at USD 100 million in 2023 and is anticipated to reach USD 125.6 million by 2030, witnessing a CAGR of 3.2% during the forecast period 2024-2030.

–  Hydrogen Fuel Cell Vehicle-Mounted Hydrogen Supply System Market

–  Hydrogen Inhalers Market

–  Renewable Hydrogen Market

–  The global market for Cryogenics Liquid Hydrogen Storage was estimated to be worth USD 61 million in 2023 and is forecast to a readjusted size of USD 128.4 million by 2030 with a CAGR of 10.6% during the forecast period 2024-2030.

–  Type III Hydrogen Storage Tank and Type IV Hydrogen Storage Tank Market

–  The global Hydrogen-Powered Aircraft market was valued at USD 172 million in 2023 and is anticipated to reach USD 1114.6 million by 2030, witnessing a CAGR of 28.9% during the forecast period 2024-2030.

–  Natural Hydrogen Market

–  White Hydrogen Market

–  Coal To Hydrogen Market

–  Hydrogen Liquefaction Market

–  Merchant Hydrogen Market

–  Low Carbon Blue Hydrogen Market

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Lichen China Limited Announces $2.8 Million Registered Direct Offering

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XIAMEN, China, Dec. 26, 2024 /PRNewswire/ — Lichen China Limited (Nasdaq: LICN) (“Lichen China” or the “Company”), a dedicated financial and taxation service provider in China today announced that it has entered into a definitive agreement with several investors for the purchase and sale of an aggregate of 20,000,000 of the Company’s Class A ordinary share, par value $0.00004 per share (the “Shares”) (or pre-funded warrants in lieu thereof) at a purchase price of $0.14 per share in a registered direct offering. The purchase price for the pre-funded warrants is identical to the purchase price for Shares, less the exercise price of $0.001 per share.

The aggregate gross proceeds to the Company of this offering are expected to be approximately $2.8 million. The transaction is expected to close on or about December 27, 2024, subject to the satisfaction of customary closing conditions.

Univest Securities, LLC is acting as the sole placement agent.

The registered direct offering is being made pursuant to a shelf registration statement on Form F-3 (File No. 333-277230) previously filed by the Company and declared effective by the U.S. Securities and Exchange Commission (“SEC”) on March 1, 2024. A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when available, by contacting Univest Securities, LLC at info@univest.us, or by calling +1 (212) 343-8888.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Copies of the prospectus supplement relating to the registered direct offering, together with the accompanying base prospectus will be filed by the Company and, upon filing, can be obtained at the SEC’s website at www.sec.gov.

About Lichen China Limited

Lichen China Limited focuses on providing financial and taxation solution services, education support services, and software and maintenance services under its “Lichen” brand. In recognition of the Company’s expertise and experience in the financial and taxation solution services industry for over 18 years, the Company has built up its reputation as a dedicated financial and taxation solution services provider of professional and high-quality services in China. For more information, please visit the Company’s website: https://ir.lichenzx.com/.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and in its other filings with the U.S. Securities and Exchange Commission.

For more information, please contact:

Tian Sun
Phone: +86-0592-5586999
Email: ir@lichenzx.com

View original content:https://www.prnewswire.com/news-releases/lichen-china-limited-announces-2-8-million-registered-direct-offering-302339364.html

SOURCE Lichen China Limited

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Elvis Birthday Celebration tour kicks off at the Miniaci Performing Arts Center January 5th

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This January 8th would have been the King’s Birthday. Gone but never forgotten, his image, music, films and memories live on as a testament to his true effect and influence on his generation and future generations to come. Keeping the memory alive at countless venues throughout the country, Chris MacDonald lovingly shares the magic of the “King of Rock-n-Roll” with his full production tribute Memories of Elvis Rockin Birthday Bash

FORT LAUDERDALE, Fla., Dec. 26, 2024 /PRNewswire-PRWeb/ — Elvis Presley Birthday Celebration Florida Tour kicks off at the Miniaci Performing Arts Center at Nova Southeastern University Davie Campus on January 5th with Chris MacDonald’s Memories of Elvis Rockin Birthday Bash, a multi-media full production tribute celebrating the life and music of the King of Rock-n-Roll.

“Adding to the authenticity of his tribute, Chris has the honor of being the only tribute artist hired by Elvis Presley Enterprises to perform at Graceland’s Heartbreak Hotel.”

This January 8th would have been the King’s Birthday. Gone but never forgotten, his image, music, films and memories live on as a testament to his true effect and influence on his generation and future generations to come. The original American Rock-n-Roll Idol who influenced the Beatles, The Rolling Stones and anyone that has ever picked up a guitar or a microphone since, continues to engage our love affair with his all American story of a shy poor and humble country boy that became the King of Rock-n-Roll. Elvis Presley, recognized by TIME magazine as the “Artist of the 20th Century,” has sold more records than any other artist or group in the history of modern music. Even after death, his image and music continue to be loved and celebrated throughout the world. With the critically acclaimed big screen biopic “Elvis” by director Baz Luhrmann starring Austin Butler as Elvis and Tom Hanks as Colonel Tom Parker, Elvis’s music and charisma are once again in the spotlight for a whole new generation and there’s no sign of the King leaving the building of Rock-n-Roll icon status.

Keeping the memory alive at countless venues throughout the country, Chris MacDonald lovingly shares the magic of the “King of Rock-n-Roll” with his full production tribute Memories of Elvis. Chris’s show is not an overdone impersonation. It is a natural heartfelt tribute to a legendary performer and music icon. With his dynamic production band, Chris MacDonald draws his audience in with the look, sounds, and nuances that made Elvis the King of Rock-n- Roll!

Adding to the authenticity of his tribute, Chris MacDonald has the honor of being the only tribute artist hired by Elvis Presley Enterprises to perform at Graceland’s Heartbreak Hotel. An energetic and experienced entertainer, MacDonald has also starred in the famous “Legends in Concert” stage productions and has performed in Branson, MO, and Las Vegas, NV. Chris has also performed in Concert with Elvis Presley’s original back up group The Jordanaires and D.J. Fontana Elvis original drummer “The Beat Behind The King” at the famous Seminole Hard Rock Live Concert Venue in Hollywood Florida and other venues throughout the country.

With this newly updated production, the show will include costume changes and songs representing the different stages of Elvis’s incredible career including the 1950′s, the Movies, the 1968 Comeback and the 1970′s White Fringe Vegas Concerts. It’s all a part of this fun loving tribute to one of the greatest entertainers of all time.

Get “All shook up” and celebrate the life and music of the King of Rock-n-Roll with Chris MacDonald’s Memories of Elvis Rockin Birthday Bash.

Florida Tour Dates:

January 5, 2025 2pm (Sunday)

Rose and Alfred Miniaci Performing Arts Center

Nova Southeastern University

3100 Ray Ferrero Junior Boulevard,

Davie, FL 33314

Box Office: 954-462-0222

https://www.miniacipac.com/events/detail/chris-macdonalds-memories-of-elvis-rockin-birthday-bash-2025

 

January 16, 2025 7:30 pm (Thursday)

Barbara B Mann Performing Arts Hall

Southwestern State College

13350 FSW Parkway, Fort Myers, FL 33919

Box Office: 800-440-7469 • 239-481-4849

https://www.bbmannpah.com/events/detail/chris-macdonalds-memories-of-elvis-2025-fort-myers

 

January 18, 2025 7:30 pm (Saturday)

Sunrise Theatre

117 S 2nd Street, Fort Pierce, FL 34950

Box office: 772-461-4775

https://www.sunrisetheatre.com/shows/memories-of-elvis-rockin-birthday-bash/

Media Contact

Donna Oz, CME Inc, 1 954341-6005, info@chrismacdonaldselvis.com, https://www.elvispresleystory.com/

View original content to download multimedia:https://www.prweb.com/releases/elvis-birthday-celebration-tour-kicks-off-at-the-miniaci-performing-arts-center-january-5th-302338539.html

SOURCE CME Inc; CME Inc

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VIVOTEK Wins Double Honors for Its Commitment to Sustainability

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TAIPEI, Dec. 26, 2024 /PRNewswire/ — VIVOTEK (3454-TW), the global leading security solution provider, has once again demonstrated its outstanding commitment to sustainability. Participating for the first time in the 17th Taiwan Corporate Sustainability Awards (TCSA), VIVOTEK emerged victorious, earning the Sustainability Report Award for the Information, Communication, and Broadcasting Industry and the Taiwan Corporate Sustainability Excellence Award. These recognitions showcase VIVOTEK’s remarkable success in corporate governance, environmental protection, and social responsibility, affirming its dedication to sustainable growth.

Pioneering Sustainability with Dual Recognition

“For over seven years, VIVOTEK has independently published sustainability reports, actively driving and disclosing our internal sustainability initiatives.” said Allen Hsieh, VIVOTEK’s Spokesperson and Director of the Global Marketing Division. “These awards not only recognize our integrity and efforts in presenting operational performance, environmental data, and social impact but also serve as a strong motivation for us to continue advancing on the path of sustainable development.”

Driving Sustainability through AI Innovation

VIVOTEK delivers advanced AI-powered security solutions built on cutting-edge AI and edge computing technologies. Beyond innovation, the company drives green initiatives, reduces its carbon footprint, and fosters a sustainable, supportive workplace.

Committed to social responsibility, VIVOTEK leads the security industry’s sustainability efforts through its ‘Safety Map’ initiative. For four years, employees have formed security teams to enhance safety in neighborhoods, care centers, and schools with on-site assessments and improvement plans.

In 2024, VIVOTEK will expand its efforts to Hualien’s Dacheng Village, where it will help improve local safety environments and support cultural preservation and tourism revitalization. These actions reflect its dedication to sustainability, community well-being, and lasting societal contributions.

Security Sustainability as a Foundation for Social Impact

VIVOTEK proudly received two prestigious honors at the Taiwan Corporate Sustainability Awards, highlighting its dedication to sustainable practices. These accolades inspire the company to deepen its internal efforts and mark the start of an exciting new chapter.

Building on this achievement, VIVOTEK aims to strengthen its mission of becoming the world’s most trusted smart security brand. By aligning with global market needs and fostering collaboration with customers, partners, and employees, VIVOTEK is committed to shaping a sustainable future founded on mutual trust and shared success.

To learn more about VIVOTEK’s sustainability initiatives, please refer to the 2023 Sustainability Report.

View original content to download multimedia:https://www.prnewswire.com/news-releases/vivotek-wins-double-honors-for-its-commitment-to-sustainability-302339206.html

SOURCE VIVOTEK Inc.

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