According to a recent study from Rice University’s Baker Institute for Public Policy, a successful energy transition also necessitates a change in policy and market structure. Texas’ legacy energy economy and geology are ideal for developing a robust hydrogen market, which will play a crucial role in sustainability.
The first methanol-to-hydrogen and hydrogen service station in China was formally inaugurated by China Petroleum & Chemical Corporation (Sinopec) in Dalian, China.
Jörg Steinbach (SPD), Brandenburg’s Economics Minister, wants hydrogen pipelines built quickly to supply huge steel, glass, cement, and chemical factories with raw material and district heating plants with climate-friendly energy.
The Foreign Investment Promotion Agency of Chile, InvestChile, had a portfolio of 476 foreign investment projects in various stages of development with a value of US $28,345 million as of December 2022. In comparison to December 2021, when it was US $27,776 million, this amount is 2% greater.
The balance of power in the energy markets will also change as a result of future industrial production using less coal, oil, and gas. A study estimated that the investments will cost ten trillion dollars.
Green hydrogen is anticipated to be one of the main beneficiaries of this financial excess in the upcoming years due to the high oil prices that allowed traditional energy businesses to store huge quantities of capital that are now being absorbed into the cleantech industry.
Construction on the largest integrated green hydrogen generation project in the world, which will be used at a neighboring coal chemical plant, began on Thursday, according to the project’s owner China Petrochemical Corp.
Green hydrogen-producing electrolyzers are now the focus of Cummins.
Green hydrogen as an energy carrier is once more generating a lot of interest in both the scientific and political worlds. It offers a flexible substitute for non-renewable fossil fuels, has a high energy density, can be stored as a gas or a liquid, and is relatively simple to transmit via pipeline.
The US Department of Energy (DOE) has given $7.4 million to seven projects to create infrastructure plans for hydrogen corridors and medium- and heavy-duty electric vehicle (EV) charging stations across 23 states.
