South Africa’s pursuit of sustainable energy solutions takes a major step forward with Phelan Green Energy’s ambitious plan to invest ZAR 47 billion (approximately USD 2.5 billion or EUR 2.37 billion) in a groundbreaking green hydrogen and ammonia production plant in the Western Cape province. This endeavor, known as the Saldanha Green Hydrogen Project, represents a significant stride towards green energy and economic growth in the region.
The quest for sustainable and environmentally friendly industrial practices has led to innovative collaborations, and one such project is spearheaded by the Bay Hydrogen Hub consortium in the UK. Comprising EDF Energy, Heidelberg UK, the National Nuclear Laboratory, and Vulcan Burners, the consortium aims to transform the asphalt production industry through the power of hydrogen. At the heart of this transformation is FuelCell Energy, Inc., which has been contracted for its hydrogen production technology.
The race to develop sustainable, high-performance engines is gaining momentum, and AVL Racetech has emerged as a frontrunner. The department unveiled its first self-built hydrogen-powered 2-liter turbo engine at the “Aachen Colloquium Sustainable Mobility,” marking a significant leap in eco-friendly motorsport innovation.
The battle against climate change is reaching a critical juncture. To limit global temperature increases to 1.5ºC by 2050, we need innovative solutions, and a recent report by Boston Consulting Group highlights the pivotal role of hydrogen and carbon capture and storage in this quest. However, it’s not just technology we need; it’s a massive financial investment of 13 billion euros.
POSCO, one of the world’s largest steel producers, is embarking on a journey towards more sustainable steel production in Australia. In a bid to achieve carbon neutrality by 2050, the company is exploring the possibility of producing HBI (Hot Briquetted Iron) using green hydrogen.
Adelaide, the capital of South Australia, is marking a significant step in its journey toward sustainable public transportation. The city has unveiled converted hybrid diesel trains designed to reduce noise, emissions, and fuel consumption, bringing a breath of fresh air to commuters.
XINTC from Eerbeek is making waves with its groundbreaking approach to green hydrogen production. The company specializes in developing and building scalable, modular electrolysers designed to harness the power of renewable energy sources like wind and solar to create green hydrogen.
Modern Energy has pledged a substantial $20 million equity commitment to NovoHydrogen, a Colorado-based green hydrogen developer poised to revolutionize North America’s approach to clean energy.
Macquarie Asset Management has made a significant investment of up to $325 million in Atlas Agro Holding AG (Atlas Agro) and its affiliated projects through the Macquarie GIG Energy Transition Solutions (MGETS) fund.
The United States is making significant strides in its pursuit of a low-carbon hydrogen economy, with a recent report by consultancy Wood Mackenzie highlighting the importance of private investment in achieving the ambitious goals set by the Biden administration.
