In order to maximize revenue from one of the most expensive energy assets on the planet, nuclear developers in Europe, North America, and Russia are looking at clean gas as an outlet for their low-carbon power.
The plant uses electricity created by geothermal energy to decompose water to produce hydrogen.
Fortescue, a giant Australian mining company, began courting the government over hydrogen more than a year ago, according to emails released under the Freedom of Information Act.
At the appropriate time, the company will also look to raise additional capital for its electric vehicles (EV) business on its own terms.
The majority of this is due to the company’s projects, which range from high-performance sports cars to hydrogen-powered Baja 1000 buggies.
The Australian Renewable Energy Agency (ARENA) was established in 2012 with the goal of improving the competitiveness of renewable energy technologies and increasing the supply of renewable energy. This goal has since been broadened, and the agency’s mandate has now been expanded.
According to reports, Japan’s government wants to lead the world in hydrogen use, which does not release carbon dioxide, by building safety technologies and rapidly developing systems and facilities.
The two Institute for Frontier Materials (IFM) teams and their industry collaborators will use the safe energy storage potential of boron nitride nanosheets and the unique biological features of silk to achieve their goals.
Hans Olof Nilsson, a Swedish sexagenarian, has created the world’s first completely self-sufficient house, powered by the sun and hydrogen, in the outskirts of Gothenburg, Sweden.
The Hungarian government has declared its support for various projects aimed at transforming excess electricity into gas energy. The “Aquamarine” project, which comprises a hydrogen plant in an underground gas storage facility owned by Hungarian Gas Storage, was one of the winning bidders.
