At a time when governments and industry are increasing their investments in the development of the nation’s nascent zero-emission hydrogen economy, Port Anthony Renewables is bringing technology developed by New York-listed Babcock and Wilcox for producing hydrogen from waste timber to its hub in Port Anthony, in the Gippsland region of Victoria.
n their partnership, Ballard and Forsee Power will work together to develop a fully integrated solution that will include fuel cells and battery systems that will be optimized to meet the needs of the targeted medium and heavy-duty mobility markets, which include bus, truck, rail, marine, and off-road transportation.
The project’s financial closing, a joint venture with NEOM Co. and American industrial gas company Air Products, is slated to take place in the first half of next year, according to ACWA’s CEO. Last month, he told Arab News that the joint venture had recruited financial company Lazard to assist on the project.
The parties agree to conduct pilot and plant trials to reduce carbon in the steelmaking process, including improving coke quality and evaluating carbon capture, storage, and utilization (CCUS) methods to reduce carbon intensity in the blast furnace, as part of the MoU.
Companies held a completion ceremony for the hydrogen fuel cell distributed power system for microgrids at the Ulsan Technopark in Ulsan, 414 km southeast of Seoul.
