HRS sees red
After net allocations to depreciation and provisions of 2.6 million euros, which include 1.2 million euros of depreciation of receivables as a result of a client’s bankruptcy filing, HRS reports a current operating loss (ROC) of 6.2 million euros as opposed to 404,000 euros a year ago. The maker of hydrogen stations reports a net loss of 4.9 million euros compared to 234,000 euros a year earlier after accounting for deferred tax income of 1.3 million euros and a negative financial result.
However, the company’s yearly revenue rose by 77% to 30.1 million euros, including a segment-high 75% growth of 26.6 million euros from hydrogen stations.
As a result, HRS had cash and equivalents of 30.5 million euros as of June 30, 2023 as opposed to 34.7 million euros as of June 30, 2022, and a gross financial debt of 21 million euros, excluding rental debts, which was mostly related to financing the new location.
Hydrogen-powered The Energy Observer ship drops anchor in Namibia
While traveling the globe on a hydrogen-powered ship, The Energy Observer has anchored in Namibia to learn about various nations’ energy issues.
The ship has stopped at the Walvis Bay Yacht Club in Namibia, which is on its way to South America and plans to rank among the top exporters of green hydrogen by 2030.
Namibia has one of the highest photovoltaic potentials in the world thanks to its 300 days of average annual sunshine and 11–14 hours of daylight. The effectiveness of the solar panels is also significantly influenced by its low temperatures.
ICIQ hosts experts to discuss hydrogen
At the headquarters of the Institut Català d’Investigació Qumica (ICIQ) in Tarragona, some 70 European researchers, businesses, and governments gathered for two days to present their work and encourage the use of green hydrogen.
Nine proposals “with very different technologies” have been presented within the context of the Hydrogen Horizons conference, ranging from the use of municipal trash to polluted water. In actuality, these groups collaborate to quicken the decarbonization process. According to Pau Farràs, the coordinator of one of the initiatives, “there are countries desperate for green hydrogen,” therefore “a single technology cannot meet all the demand.”
Brazil gets green hydrogen center
According to Renewables Now, the Green Hydrogen Center (CH2V), which aims to serve as a hub for many research fronts for the use of green hydrogen in the nation, was inaugurated in Bulgaria with the participation of the Brazilian Minister of Mines and Energy, Alexandre Silva.
The Federal University of Itajuba (UNIFEI), in the state of Minas Gerais, is where CH2V is situated. The German government invested $4.9 million in its construction. Institutions and businesses interested in creating green hydrogen applications, such as the local steel industry, can use the facility’s laboratories.
The center is planned to have a 300-kW green hydrogen production unit and a vehicle refueling station in place by 2024, both powered solely by solar photovoltaic (PV) panels, according to the newspaper.