NewHydrogen is focused on lowering the cost of green hydrogen, which is produced using renewable energy sources like wind or solar power, by reducing or replacing rare earth materials in electrolyzers with inexpensive earth-abundant materials.
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Eastman’s factory in Marl, Germany, produces a LOHC speciality product. The device enables the corporation to meet the growing demand for hydrogen-powered mobility.
Dr Megan Woods, Minister of Energy and Resources, said the memorandum of cooperation represented the beginning of cooperation on a critical future fuel choice.
The Lhyfe-developed offshore hydrogen manufacturing facility, which will be fueled by electricity generated by a floating wind turbine, is expected to be operational in 2022 off the coast of Le Croisic at SEM-REV, Centrale Nantes’ offshore test site.
This comes after the Department of Energy issued a Request for Information on potential initiatives the US could take to develop its hydrogen market and decarbonize diverse businesses.
The development is the result of a memorandum of understanding signed today with the Spanish government, which will see a €1 billion investment in the construction of a green hydrogen direct reduction iron (DRI) facility and a new hybrid electric arc furnace at its Gijón factory (EAF).
Royal IHC is investigating a new form of vessel known as the LEAF (low energy adaptive fuel) hopper in collaboration with the Dutch government’s Ministry of Infrastructure and Water Management (Rijkswaterstaat).
The order, which is expected to be delivered in the third quarter of 2021, is a continuation of previously established activities in Japan as part of NKC Japan’s partnership.
The worldwide green hydrogen business earned $0.3 billion in 2020, according to the report, and is expected to reach $9.8 billion by 2028, rising at a CAGR of 54.7 percent from 2021 to 2028.
Alfred founded Ally Power in 2019, and the company is currently participating in the Bethesda Green and Maryland Energy Innovation Accelerator programs.
