CenterPoint Energy’s green hydrogen facility first to register with tracking system
To track renewable thermal certificates, CenterPoint Energy registered their Minneapolis green hydrogen facility on the M-RETS Renewable Thermal Tracking System (RTCs).
The CenterPoint Energy facility, which started operations earlier this year, is the first green hydrogen facility in North America to register with a tracking system, and the company is receiving the first RTCs for green hydrogen given in the country.
RTCs are a tool that illustrates the environmental benefits of green hydrogen, renewable natural gas, and other renewable thermal commodities. On behalf of its consumers, CenterPoint Energy intends to retire the RTCs produced by its green hydrogen production.
Every dekatherm produced by a renewable thermal generator receives a traceable digital certificate from the RTC platform, which is managed by M-RETS and verifies the environmental characteristics of renewable fuels. RTCs give purchasers the ability to identify and account for the renewable fuel used at certain sites across the US and Canada, enabling them to reduce emissions caused by their use of natural gas.
In order to promote market growth for sectors that cannot be electrified, boost transparency, and offer the value and liquidity required to support renewable thermal projects, M-RETS developed its Renewable Thermal tracking system in 2020. Green hydrogen and renewable natural gas are two examples of zero- or low-carbon fuels that can be used in place of fossil fuels by businesses to reduce their energy-related emissions.
Haskel Europe loses amid hydrogen market entry
Haskel Europe reported a losing year while making investments to benefit from the developing hydrogen sector.
The 85-person company reported an operating loss of £4.1 million for the year ending in November 2021 and attributed it to its further diversification into the market for hydrogen refueling. Haskel sells a variety of high-pressure pumps and valves with the ability to handle fluids and gases for clients all over the world from its base in Sunderland.
According to the company’s recently released financial statements, sales of its hydrogen filling station technology, which includes compression, storage, and dispensing capabilities, helped to boost turnover to £20.7 million. Gross margin, however, dropped from 27% to 1% over the course of the year, according to the company, as a result of ongoing investment in its sustainable energy transition.
Lochem residents connect to hydrogen
The first residences in Lochem’s historic Berkeloord neighborhood have been connected to hydrogen.
The gas pipes that were already there in recent days have been used to connect hydrogen to eleven homes; the twelveth will follow.
The villagers of Lochem came up with the concept. There is a hydrogen station on the industrial estate where Westfalen trucks can carry the hydrogen, a pipeline from Liander goes to the home, and Remeha has created a hydrogen boiler now, almost five years and the same amount of investment millions later.
The project partner Kimenai’s installer claims that the work is not much different from that of normal gas.
Everfuel makes management changes
Martin Skov Hansen has been named as Everfuel’s new deputy chief executive officer (CEO) in an effort to grow the management team and advance the expansion strategy’s implementation.
Beginning on January 1, 2023, Martin Skov Hansen will take on the new position, putting a particular emphasis on organizational growth, human resources, and maturing important internal and business processes.
Everfuel’s creator and CEO, Jacob Krogsgaard, will continue to be in charge of general group management with a focus on strategy, alliances, and external relations.
As a former partner at PWC and business executive, Martin Skov Hansen has more than 20 years of experience working as an auditor and advisor for numerous medium-sized and large businesses across numerous industries.