Author: Arnes Biogradlija

TECO 2030 and Greenstat, a Norwegian energy firm, have signed a memorandum of intent to collaborate on relevant initiatives aimed at building a complete hydrogen value chain. The two parties will collaborate to identify, assess, and engage in relevant projects as part of the agreement. Greenstat will produce green hydrogen to be utilized as fuel in the fuel cells built by TECO 2030 for the projects on which they collaborate. “With the signing of the letter of intent with Greenstat, we have reached a milestone towards building complete infrastructure hydrogen projects,” says Tore Enger, CEO of TECO 2030 ASA. “Together…

HEGRA was founded by Aker, Yara, and Statkraft with the goal of establishing a new business in Norway that gives a competitive edge in the rising global hydrogen economy, creates future green jobs, and lays the groundwork for a future Norwegian export sector. The company is headquartered in Herya, Porsgrunn, and is chaired by Auke Lont, a former Statnett CEO. The business intends to electrify and decarbonize the Herya ammonia plant, enabling large-scale green ammonia production on a large scale. HEGRA is an acronym for HErya GReen Ammonia and is a joint venture between Yara, Aker Clean Hydrogen, and Statkraft.…

The green hydrogen market is expected to develop at a CAGR of 58.0 percent from USD 444 million in 2021 to USD 4,373 million by 2026. The market is being driven by factors such as the declining cost of renewable energy generation across all sources, the advancement of electrolysis technologies, and increased demand from FCEVs and the power industry. Mobility accounted for 52.3 percent of the green hydrogen market’s value in 2021 and is expected to reach USD 2,535.1 million by 2026, growing at a CAGR of 61.3 percent. The power sector is forecast to increase at the second-fastest rate…

Fusion Fuel Green’s proposed HEVO-Sul project in Sines, Portugal, has been approved by Portugal’s Operational Program for Sustainability and Efficient Use of Resources (POSEUR). The Portuguese government has committed €40 million in direct funding to the POSEUR initiative, which aims to promote the production of green hydrogen and other renewable gases, and Fusion Fuel will receive €4.3 million for the project, which will cost a total of €8 million. The HEVO-Sul project consists of 178 HEVO-SOLAR units that will yearly generate roughly 418 tons of green hydrogen. The hydrogen will be used in a variety of ways, including injection into…

This is despite the fact that India spends $12 trillion each year to cover its energy needs. Green hydrogen is created by splitting water into hydrogen and oxygen using an electrolyzer powered by renewable energy sources like wind and solar.

Natural gas can produce two sorts of hydrogen: gray when the carbon is discharged into the atmosphere and blue when it is trapped and sequestered.

The money will be distributed through the UK Department of Business, Energy and Industrial Strategy (BEIS) as part of the UK Partnering for Accelerated Climate Transitions (UK Pact) program, according to the British High Commission.

The hydrogen drive, on the other hand, is unique in that it does not require the use of a battery or a fuel cell. Instead of generating power for an electric motor, the six-cylinder TCG 7.8 H2 engine consumes hydrogen.

The researchers say they expect the EU to see more hydrogen hub projects as more markets strive to build clusters of H2 supply and demand in the second part of their analysis, “Industrial Clusters of the Future – Hydrogen Hubs.”

Coleman, who has more than 35 years of expertise in the energy industry, will join IBE as Chairman of the Board of Directors on August 30.