For the engineering, supply, and construction of the first hydrogen-powered direct reduction plant at the Duisburg location, thyssenkrupp Steel makes an order with SMS group, Düsseldorf.
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The NEOM Green Hydrogen Project (NGHP), which is anticipated to be put into service in 2026, has inked financing agreements for a total investment of $8.5 billion with Saudi Arabian utility developer ACWA Power, which is partially owned by the sovereign Public Investment Fund.
The Westphalian University of Applied Sciences will establish the “H2 Solution Lab” as a futuristic hydrogen laboratory for hydrogen research with funding totaling about 42 million euros at its meeting on February 23rd, which is when the Structural Strengthening Council recommended funding for the first project in Gelsenkirchen.
Brazil has a number of innovative projects to manufacture the new fuel for the energy transition by utilizing local characteristics on the low-carbon hydrogen route.
Today, Thyssenkrupp will provide additional information regarding its massive, multi-billion-euro initiative to manufacture low-CO2 steel in Duisburg.
The goal of the joint study between PT Pertamina Geothermal Energy (PGE) and the Japanese power utility holding company TEPCO is to find the best operational technology for affordable green hydrogen production and transportation.
Despite bold intentions, implementing a hydrogen economy could be extremely expensive and time-consuming, endangering the continent’s economic expansion and potentially impeding decarbonization efforts.
The global portfolio of projects for the production of “low-carbon” hydrogen, which are in various phases, was 71.4 million tons per year at the end of last year, according to the research firm Wood Mackenzie. This is comparable to the current global yearly hydrogen consumption.
Danish Everfuel, a publicly traded company on the Oslo Stock Exchange, has officially partnered with the hydrogen investment fund Hy24.
The first BMW iX5 Hydrogen cars are already on the road after four years of development. The practical operation phase of this vehicle and development project is now underway.
