AM Green, a hydrogen and ammonia producer, has set its sights on a monumental expansion, and it’s attracting significant financial backing. Owned by the founders of India’s renewable energy giant, Greenko Energy Holdings, AM Green is in the midst of raising an impressive $1 billion to fuel its ambitious growth.
The International Renewable Energy Agency (IRENA) projects that hydrogen and its derivatives could constitute a substantial 14% of the world’s total final energy consumption by 2050. With the urgent need to limit global temperature increases to 1.5 degrees Celsius, green hydrogen is seen as a key player in achieving this ambitious goal.
Alfa Laval is launching a new business unit, aptly named the Business Unit Electrolyzer and Fuel Cell Technologies, with the strategic goal of seizing opportunities in the burgeoning hydrogen sector.
The Malaysian Ministry of Science, Technology and Innovation (Mosti) is setting its sights on making hydrogen energy affordable for the local market.
In a dramatic incident that unfolded in Bursa’s İnegöl district, a potentially catastrophic situation was averted as 25 tons of hydrogen gas leaked from a tanker parked on the roadside. Quick and effective intervention by emergency teams on the scene prevented a disaster that could have had severe consequences.
Germany’s OWP Butendiek offshore wind farm is making waves in the renewable energy sector with the signing of a groundbreaking offshore power purchase agreement (PPA). This landmark agreement, with the invaluable support of Pexapark, a software and consulting firm specializing in renewable energy, is a pioneering move in the emerging field of green hydrogen production.
India has placed a significant bet on green hydrogen. The Indian government has already committed substantial financial resources, with over Rs 19,000 crores earmarked to transform the nation into a “global hub” for green hydrogen energy production, utilization, and export. However, a recent report by Bengaluru-based think-tank Climate Risk Horizons has raised important questions about the potential environmental impact of India’s green hydrogen initiatives.
In recent years, green hydrogen has staged a remarkable comeback and is emerging as a linchpin in the pursuit of a climate-neutral economy. It promises to play a pivotal role, particularly in addressing emissions in challenging sectors such as transport, heating, and heavy industry, and offers a solution for inter-seasonal energy storage. This resurgence of green hydrogen, driven by both energy security and decarbonization imperatives, is now not only fostering economic opportunities but also birthing a new era of EU-Africa relations.
As the world grapples with the urgent need to decarbonize sectors that have stubbornly resisted green transformation, a new guide from RenewableUK titled “Demystifying the Hydrogen Business Model for Electrolysis” seeks to demystify the intricate workings of the UK Government’s Hydrogen Production Business Model.
A recent industry-commissioned study, conducted by the Green Hydrogen Alliance (GHA) and backed by major players like Airbus, Air Products, and Associated British Ports (ABP), has unveiled a promising path to propel the UK’s green hydrogen market. The report suggests that this endeavor could not only yield an £11 billion economic boost but also slash over 1.7 million tonnes of carbon dioxide (CO2) emissions annually.
