Author: Anela Dokso

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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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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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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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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In a growing trend of dissatisfaction, Hyundai’s Nexo hydrogen fuel cell vehicles are under fire as a class-action lawsuit alleges significant defects. The claims surfaced amid increasing consumer interest in alternative energy vehicles, particularly hydrogen fuel cells, which are positioned as a promising alternative to electric vehicles (EVs). However, the defects in Hyundai’s Nexo, specifically concerning its purported efficiency and safety, put a spotlight on the practical viability of hydrogen fuel cells. The lawsuit, filed in a U.S. district court, accuses Hyundai of selling Nexo vehicles equipped with defective systems that fail to perform as promised. Plaintiffs argue that these…

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