Author: Arnes Biogradlija

ACWA Power has signed a memorandum of understanding with POSCO Holdings, the holding company of the POSCO Group in South Korea. The deal would involve the joint development of green hydrogen and its derivatives, such as green ammonia, in order to decarbonize POSCO Group’s power generating and steel manufacturing operations, as well as serve POSCO Group’s other Korean customers. “With tangible project commitments in Saudi Arabia and Oman, ACWA Power is at the forefront of scaling up green hydrogen, whose output—ammonia—will lead to the outcome of decarbonising entire industries, including hard to abate industrial activities like steel manufacturing. The partnership…

The U.S. Department of Energy has picked Raytheon Technologies for two research and development projects to investigate the use of hydrogen and ammonia as effective, carbon-free alternatives for electricity generation. “These projects are the latest examples of how we’re partnering with the Department of Energy to innovate the technologies that will power a cleaner, more sustainable future,” said Andreas Roelofs, director of the Raytheon Technology Research Center, the company’s central advanced research and development innovation hub in East Hartford, Connecticut. Under the first project, Raytheon Technologies will validate the ability to run Mitsubishi Power Aero’s FT4000 gas turbine unit on hydrogen and…

The European Commission approved up to €5.4 billion in public funding from fifteen Member States for initiatives to increase the generation of clean hydrogen and find new uses for hydrogen. It is anticipated that this public backing will also attract private investments of 8.8 billion euros. Finland is one of the participating Member States in the project. “As the electrification of industry progresses and transportation becomes cleaner, we will require a great deal more clean electricity production. Hydrogen will play a crucial part in this process. Investing in the hydrogen economy, Finland has made a long-term commitment to better energy…

CPH2 has inked its first license agreement with GHFG for the 20-year construction of 2 gigawatts (“GW”) of MFE electrolysers. Under the terms of the license agreement, GHFB will produce CPH2 MFE electrolysers in a new plant in Ireland beginning in 2023. Under the terms of this arrangement, each electrolyser manufactured by GHFG will be installed alongside and powered by solar energy projects owned and maintained by Alternus. Under the terms of the arrangement, CPH2 will get an upfront licence cost, a technology charge per unit, and then service and maintenance licences throughout the life of the unit. The upfront…

Monolith, a global pioneer in clean hydrogen, carbon black, and ammonia, revealed that it has raised more than $300 million in its current financing round. The investment, led by TPG Rise Climate, the dedicated climate investing strategy of TPG’s global impact investing platform TPG Rise, and co-led by Decarbonization Partners, a partnership between BlackRock and Temasek, represents the latest milestone in the company’s global decarbonization initiatives. NextEra Energy Resources, SK, Mitsubishi Heavy Industries America, and Azimuth Capital Management also contributed capital. Existing investors, notably Azimuth Capital Management, Cornell Capital, and Warburg Pincus, will retain the bulk of the company’s ownership…

EVIA AERO and Cranfield Aerospace Solutions have signed a letter of intent for ten, hydrogen fuel cell propelled, conversion kits for Britten Norman Islander aircraft as part of the EVIA AERO strategy to bring hydrogen air services to Northern Europe. lorian Kruse, EVIA AERO Founder & CEO said: “We are very happy to enter this letter of intent arrangement with Cranfield Aerospace Solutions for the 10 off aircraft. These aircraft will support EVIA AERO’S plans to develop sustainable aviation around the northern coasts of Germany, The Netherlands and Denmark and will contribute to the environmental concerns and goals of the…

Nel Hydrogen Electrolyser AS, a Nel ASA subsidiary, has secured its largest order yet from an unknown US customer for 200 MW of industrial alkaline electrolyser equipment. “We are truly excited to announce Nel’s largest purchase order to date. This project will showcase Nel’s large-scale delivery and execution capabilities and become a valuable reference for future large-scale contracts. It will have a substantial, positive impact on Nel’s financials, electrolyser product and production cost, technology development and scale-up plans,” says Nel’s CEO Håkon Volldal. Given the environmental benefits of the planned project, the Client, which has developed the proposal over a number of years, will…

The Governing Council of the Junta was informed of the assignment to the Project Accelerator Unit of two initiatives involving the development of a photovoltaic plant and a hydrolysis plant for the production of green hydrogen in the municipalities of Dos Hermanas (Seville) and Alcala la Real (Jaen), respectively, with the support of the Directorate General of Energy of the Ministry of Finance. As detailed by the Andalusian Government in a statement, the company H2Green La Isla is planning a pilot demonstration plant consisting of a green hydrogen generation project connected to a rooftop solar photovoltaic installation in Dos Hermanas…

easyJet and Rolls-Royce have established a new partnership, H2ZERO, that will pioneer the development of hydrogen combustion engine technology capable of powering a variety of aircraft, including narrow-body aircraft. Both firms have agreed to collaborating on a series of ground-based engine tests beginning later this year and share the goal of taking the technology into the air. The cooperation aims to demonstrate that hydrogen has the ability to power a variety of aircraft beginning in the mid-2030s. While Rolls-Royce will provide its expertise in engine development and combustion systems to H2ZERO, easyJet will contribute its operational knowledge and experience, as…

According to a report, Chancellor Olaf Scholz has now confirmed that Germany wants to purchase gas from Egypt, as well as hydrogen in the future. In the current crisis, it would be important to have different well ePartners and not to fixate on only one partner. The President of Egypt, Abd al-Fattah as-Sisi noted in this regard that the country was interested in trade, with the energy and gas crisis also being a burden in Egypt. Egypt has been able to export gas through LNG terminals since 2018. Scholz does not want to rely on a single gas supplier “Germany…