The company may manufacture green hydrogen for $2–$3 per kilogram (kg) by 2026 and for less than $1 per kg by 2030 with projects in Egypt and Oman. The International Energy Agency (IEA) estimates that a kilogram of renewable hydrogen now costs $3 to $8.
Over the next three years, it is intended to produce 900 MW of storage-enabled renewable energy across Spain and Portugal.
According to Prime Minister Narendra Modi, Gujarat would grow into the largest green hydrogen center in the world and draw investments totaling $8–10 billion from around the globe for the development of green hydrogen and its ecosystem.
HRCs could take advantage of their hydrocarbon resources, geographic locations, access to abundant renewable energy (in some cases), and highly developed infrastructure.
ACWA Power has signed a Memorandum of Understanding (MoU) with Thai government agencies to establish large-scale renewable-powered green hydrogen and derivatives production facilities at an investment of $7 billion.
The region’s energy, manufacturing, and transportation industries could undergo a revolution thanks to green hydrogen, which would turn it into a global center for the so-called “energy vector of the future.” However, there are certain significant obstacles to its ongoing deployment that must be considered.
In the sector of renewable hydrogen, Asturias is working on 26 projects that will attract more than 10,400 million in investments.
Fusion Fuel, a Portuguese company that develops solar-to-hydrogen technology, has announced that four of its projects have been pre-selected for grant funding of up to €12.9 million ($13.2 million).
For the first demonstration project in Japan that will produce clean hydrogen and ammonia in conjunction with carbon capture, use, and storage, Inpex has made a final investment decision (CCUS).
The Northern Territory’s Tiwi Islands contain Melville Island, which is projected to be developed into a 100,000 tonnes per year green hydrogen production and export facility.
