Author: Anela Dokso

Hydrogen

BP has recently announced the cancellation of its green hydrogen project in Teesside, leaving experts and industry stakeholders to scrutinize the implications for future hydrogen developments. This decision comes amidst a period of momentum in the energy transition, with many countries globally, including the UK, strategizing to enhance their renewable energy capacities as part of net-zero targets. The Teesside green hydrogen project was initially forecasted to facilitate major employment opportunities, aligning with regional development goals and aiding the local economy’s shift from reliance on traditional industries. With BP’s withdrawal, the anticipated economic benefits are now under question. Regional leaders are…

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hydrogen

Industry observers were taken aback by Fortescue Metals Group’s recent move to end its collaboration with Plug Power, a decision that underscores the evolving dynamics of the green hydrogen market. A leader in the mining sector, Fortescue, led by Andrew Forrest, had been advancing aggressively into the renewable energy landscape, strategizing on green hydrogen as a cornerstone of its diversification plans. The disengagement from Plug Power, a prominent U.S.-based hydrogen company, marks a pivotal moment in Fortescue’s energy trajectory. In evaluating the termination, several factors emerge as potentially influential. A key point of contention may have been the differing timelines…

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hydrogen

Stargate Hydrogen’s successful 11 million Euro Series A funding round marks a pivotal step in scaling up their innovative electrolysis technology. Despite the widespread recognition of hydrogen as a keystone in the transition towards sustainable energy, the high cost of production and reliance on scarce precious metals for electrolysers continue to hamper widespread adoption. Stargate Hydrogen aims to address these challenges with their precious metal-free technology, claiming both cost efficiency and reduced environmental impact. The allure of bypassing traditional metals like platinum and iridium lies not only in undercutting costs but also in bolstering supply chain security. In 2022, the…

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salt cavern storage

A statistic that highlights the rising significance of hydrogen energy is China’s projected demand; by 2060, hydrogen consumption is expected to reach 130 million tonnes, comprising nearly 29% of the country’s final energy mix. Such figures underscore the need for efficient and safe storage solutions, with underground salt caverns emerging as a promising option. This analogy to a strategic storage vault challenges existing perceptions by presenting salt caverns not merely as storage spaces, but as critical assets in an evolving energy landscape. A core challenge emerges when examining the intersection of capacity, safety, and reliability—dimensions underscored by the current market’s…

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hydrogen

Egypt is embarking on constructing what is slated to become the world’s largest green hydrogen plant, a clear indication of the country’s growing commitment to renewable energy. This venture is part of the broader trend within the Middle East and North Africa (MENA) region to accelerate the transition towards sustainable energy sources. The development comes amidst a global push to reduce dependency on fossil fuels, with green hydrogen emerging as a crucial component of future energy strategies. The project’s ambitious scope is evident in its projected production capacity, targeting up to 100,000 tons of green hydrogen annually. This figure, though…

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