Claudio Descalzi, CEO of Eni, and Toufik Hakkar, CEO of Sonatrach, signed two agreements outlining upcoming cooperative projects on energy supply, energy transition, and decarbonization in Algiers.
Browsing: Green Hydrogen
For initiatives involving renewable energy, storage, and green hydrogen, the state government of Rajasthan has signed Memorandums of Understanding (MoU) with a number of private sector and state-owned businesses. A total of at least $14.85 billion in investments were made by these companies.
J&K Heater intends to increase the share of its hydrogen business in order to reach its target of related sales of 60 billion won this year.
Sustainable Capital’s Orestes vehicle created a €100m hydrogen economy financial instrument.
A 100 MW electrolysis facility for the production of green hydrogen will be built at the Laage site by the Rostock-Laage-based APEX Group by 2027.
Telecom providers are struggling now. The Ukraine conflict has interrupted global energy supplies and raised costs. Power also causes global warming. CO2 trading and carbon taxes will raise fossil fuel prices, it appears. Telecommunications companies are also trying to cut carbon emissions. Many have large clean power purchase agreements.
thyssenkrupp Uhde and ADNOC have signed a memorandum of understanding (MoU) to explore a long-term collaboration to build new hydrogen markets and enhance global clean energy value chains.
Japan shut down its power plants in the wake of the nuclear accident and switched to coal and natural gas. The need to move to renewable energy has, of course, been more pressing over the past ten years, and he has started to explore for safe ways to use nuclear energy, which is seen as the new renewable energy.
According to the Franco-German statement, Germany will participate in a new hydrogen pipeline project between Spain, Portugal, and France.
In 2023, Sinopec will control China’s hydrogen market.