Author: Arnes Biogradlija

Investors have committed about $2.85 million to ADX’s intentions to further its Austrian green hydrogen project, geothermal pilot, and conventional oil drilling. Sophisticated, institutional, and professional investors purchased 284.7 million shares priced at 1 cent each, a 9 percent discount to the stock’s previous closing price of 1.1 cents. This comprised the issuance of one 1.5c placement option for every two shares subscribed on or before 30 June 2022. ADX Energy intends to use the revenues to advance ongoing feasibility studies for the Vienna Basin green hydrogen production and storage project, as well as the geothermal pilot project, which are…

Germany’s natural gas lobby sought 800 million euros ($902.56 million) in sponsorship to build plants that convert natural gas to hydrogen and separate out the harmful carbon, putting the new government’s climate goals to the test. The newly sworn-in government unveiled bold intentions to ramp up climate protection measures, raising worries about their feasibility in practice. The government’s energy goals require alternatives to fossil fuels and keep the door open for innovative technologies that avoid carbon emissions, such as a technology for producing “turquoise” hydrogen. Turquoise hydrogen is produced through methane pyrolysis, a technology that is still in its infancy…

While the hydrogen industry is booming, not all hydrogen is made equal. A spectrum of hydrogen colors is at play – but the true game changer will occur when the cost of low-carbon green hydrogen becomes competitive in large markets. In Hydrogen costs 2021: scaling up, we examined the economics of green, grey, brown, and blue hydrogen. Complete the form to receive a sample excerpt and continue reading for an introduction. Green hydrogen — hydrogen produced by the electrolysis of water using renewable energy – currently accounts for a negligible portion of the global energy market. It remains mostly uncompetitive…

Hyzon Motors Inc. announced the delivery of 29 fuel cell electric vehicles to Shanghai Hydrogen HongYun Automotive Co. (“HongYun”). The trucks will be employed by a major steel group in China. The 49-ton trucks, arrived in November, are equipped with a 170-kilowatt fuel cell stack and are anticipated to begin hauling steel coils for the conglomerate’s fleet in the coming months. HongYun intends to offer operating, leasing, and maintenance services to industrial and municipal customers in certain places throughout China, which is predicted to be a large market for fuel cell technologies in the future years. Hongyun has finalized additional…

Fortescue Future Industries (FFI) and AGL Energy (AGL) have agreed to conduct a feasibility study to repurpose the Liddell and Bayswater coal-fired power stations in the Hunter Valley to manufacture green hydrogen from water using renewable energy. The news reaffirms Australia’s potential to become a worldwide green hydrogen superpower, generating thousands of direct and indirect jobs locally and bolstering regional economies. According to 2019 National Greenhouse and Energy Reporting figures, the Liddell and Bayswater power stations currently account for more over 40% of New South Wales’ carbon dioxide emissions. Successful repurposing of these sites will boost NSW’s efforts to fulfill…

Dopravní podnik města Ústí nad Labem, the Czech carrier, has signed a framework deal with Solaris Bus & Coach for the delivery of up to twenty hydrogen buses. This is Solaris’s first contract in the Czech Republic for hydrogen-fueled buses. The city of Ústí nad Labem public transport provider and Solaris Bus & Coach have reached a deal on the acquisition of zero-emission Urbino 12 hydrogen buses. It is valid for eight years and allows the carrier to order up to twenty hydrogen buses during that time. Once the vehicles are ordered, they must be delivered within 420 days of the…

ACWA Power of Saudi Arabia, Oman’s state-owned energy company OQ, and Air Products of the United States have entered into an agreement to investigate developing a hydrogen project in the sultanate’s southern governorate of Dhofar. The memorandum of understanding calls for the conduct of a feasibility study on building the H2Oman project in Dhofar with a capacity of 1 million tons of green ammonia per year. ACWA Power is a partner in Saudi Arabia’s $6.5 billion green hydrogen and ammonia project, which is being built in collaboration with the world’s first zero-carbon city, Neom, and Air Products. ACWA Power is…

According to WoodMac, falling electrolyzer costs due to economies of scale, improved automation of production, and the flexibility of such systems would bring green hydrogen to a price point where it is competitive with fossil-fuel-powered hydrogen in a dozen markets by 2030. With the rapid development of plans for electrolyzer production plants across the globe expected to drive down costs, US-based analyst WoodMackenzie has identified Brazil and Chile as “among the front-runners” for achieving affordable clean hydrogen this decade. WoodMac cited plans for large-scale electrolyzer production facilities announced “in recent weeks” by Ohmium in the United States, Clean Power Hydrogen…

SGN, Macquarie’s Green Investment Group (GIG), and Esso Petroleum Company, Limited (an ExxonMobil subsidiary) announced the signing of a Memorandum of Understanding (MoU) to investigate the use of hydrogen and carbon capture to assist in reducing emissions in the Southampton industrial cluster. Southampton is home to one of the largest industrial sectors in the United Kingdom and serves as a critical link in the country’s energy supply chain as well as a vital gateway for international trade. According to an initial feasibility analysis conducted by SGN and GIG, the cluster’s annual hydrogen consumption, which includes the heating needs of 800,000…

Abu Dhabi National Oil Company (ADNOC) and GE Gas Power announced a collaboration to develop a decarbonization roadmap that includes reducing carbon emissions from gas turbines that power ADNOC’s downstream and industrial operations, including the world-scale Ruwais Industrial Complex in Abu Dhabi, United Arab Emirates (UAE). This effort contributes to the UAE’s Net Zero by 2050 Strategic Initiative and bolsters ADNOC’s position as one of the least carbon-intensive oil and gas producers in the world. The news builds on ADNOC’s previous renewable energy deal with Emirates Water and Electricity Company (EWEC) and strengthens the company’s approach to decarbonization while enabling…