According to a new study, domestic financial institutions should actively seek out and use excellent hydrogen-related companies when making lending and investment decisions. To meet the 2050 carbon-neutrality goal, financial institutions should lend and invest money in hydrogen-based economies, according to the report’s authors. When discussing the “Hydrogen Economy: The Emergence and Implications of a New Paradigm,” Woori Financial Management Research Institute stated that “it is necessary to discover and monitor excellent distribution companies with growth potential and using a large market size.” Since carbon neutrality has emerged as a global paradigm, financial institutions are being urged to actively support…
Author: Anela Dokso
Vehicles powered by electricity or hydrogen are moving forward at a rapid pace. Which of these is considered safest and most promising by experts? Environmental protection is now a priority for the vast majority of automakers. Some people are putting their faith in electric vehicles, while others are working on a hydrogen-based alternative fuel. The advantages and disadvantages of each technology are unique. Using an electric motor, a car’s electric power can be converted into mechanical power. An electromagnetic induction technique is employed. You can use either alternating or direct current, or a combination of both. Air is used to…
The European Commission has passed the most comprehensive revision of the energy statistics regulation in history. The goal is to increase support for the European Green Deal. This amendment, which will take effect in February, will provide statistics to track a number of policy initiatives aimed at decarbonizing the European economy, including the Energy Union and the Fit for 55 package, as well as the Hydrogen Strategy and the Batteries Initiative. The new data will be available for the first time in 2022. “Today’s amendment to the energy statistics regulation marks a milestone on the path to a credible and…
Werner will begin validation and integration of Cummins’ recently announced 15-liter natural gas and 15-liter hydrogen internal combustion engines in its vehicles. Cummins plans to start integrating these new powertrains into Werner trucks in the second half of 2022, starting with the 15-liter natural gas model. “Werner is a transportation leader focused on reducing its carbon footprint, and Cummins is uniquely positioned to help provide low carbon options successfully and seamlessly using multiple power solutions,” said Srikanth Padmanabhan, Vice President and President, Engine Business, Cummins. “Our solutions include our newest heavy-duty natural gas engine and our heavy-duty hydrogen ICE engine…
India has announced new initiatives to promote green hydrogen, with Finance Minister Nirmala Sitaraman announcing the upcoming publication of the National Hydrogen Energy Mission (NHEM), which was first mentioned in Prime Minister Narendra Modi’s 2021 Independence Day speech. The most significant challenges facing India are the development and demonstration of technically and economically viable and cost-competitive green hydrogen technologies (including transportation technologies), as well as the establishment of a robust supply chain and delivery mechanism for these technologies. As a result, we expect the Union Budget 2022-23 to build on the preliminary announcements made in the Union Budget 2021-22 and…
PowerCell Sweden AB has joined the coordinated European development project Camelot in order to accelerate the company’s long-term technological development. The project’s goal is to develop new materials for future fuel cells. Leading research institutions, universities, and industrial companies, such as BMW, are also involved in the project. Camelot has received funding from the Fuel Cells and Hydrogen 2 Joint Undertaking, FCH JU, under grant agreement number 875 155, and brings together participants from several European countries. The European Union’s Horizon 2020 research and innovation program funds the FCH JU Joint Undertaking. The project’s goal is to develop a new…
A shipyard in Europe is getting closer to launching a one-of-a-kind experimental hybrid vessel that will serve as a floating laboratory for hydrogen fuel cells and other green technologies. Fincantieri announced at the end of 2020 that it would begin construction on Zeus (Zero Emission Ultimate Ship), a fuel cell-powered vessel that would be used to study the performance of fuel cells in natural settings. Fincantieri is one of the most important players in the industry that is focusing on clean energy alternatives. As Europe’s largest shipbuilding group, known for delivering famous superyachts and cruise ships, Fincantieri is one of…
Shell has begun operations at the Zhangjiakou City Transport Construction Investment Holding Group power-to-hydrogen electrolyser, a joint venture between Shell China and Zhangjiakou City Transport Construction Investment Holding Group. In Zhangjiakou, Hebei Province, China, one of the world’s largest hydrogen electrolysers1 began producing green hydrogen today. During the Winter Olympic Games, which begin on February 4, 2022, the electrolyser will provide about half of the total green hydrogen supply for fuel cell vehicles at the Zhangjiakou competition zone. “The electrolyser is the largest in our portfolio to date and is in line with Shell’s Powering Progress strategy, which includes plans…
Hinet Sangju, a hydrogen charging station in Sangju, Gyeongsangbuk-do, has begun operations. The Hinet Sangju off-dash hydrogen charging station, built by Hydrogen Energy Network, has also given the green light to reviving the hydrogen economy in Gyeongbuk Province. The Hynet Sangju off-campus hydrogen charging station is the first result of a December 2020 agreement between Hynet and Gyeongsangbuk-do, Sangju, Gumi, Gyeongju, and Gyeongsan to build a hydrogen charging station. Sangju Odap Hydrogen Charging Station, operated by Hinet, is located near Sangju IC and is expected to significantly improve the driving convenience of hydrogen car drivers in Gyeongsangbuk-do. Furthermore, drivers of…
Nikola’s hydrogen-powered trucks have made their way “to their new homes.” This stage implies that the vehicles will be tested not only by Nikola’s engineers, but also by customers who will put these FCEVs through their paces in real-world scenarios. Given that these clients will do so in order to eventually purchase these trucks, they tend to be very critical of the new Tre FCEV. Nikola promised to reveal more information about the trucks at a later date, most likely when their development is finished and they are ready to be sold. This is expected to occur by 2023. Initially,…