As the urgency to decarbonize intensifies, the European Union (EU) is set to roll out a distinctive financing experiment, a pilot auction commencing on November 23. This groundbreaking initiative seeks to create a dynamic marketplace for renewable hydrogen by aligning producers and users through a competitive bidding process.
The International Energy Agency (IEA) outlines an ambitious vision, estimating that global hydrogen consumption must surge to 150 million tonnes by 2030, a substantial increase from the current 95 million tonnes in 2022.
The European Commission’s ambitious plan for a €1 billion green hydrogen and raw materials partnership with Namibia is facing uncertainty as the southern African nation refrained from signing the multicountry “Samoa Agreement.”
In a study conducted by researchers at Harvard Business School and the University of Mannheim, hydrogen emerges as a transformative force capable of accelerating the global energy transition. The study delves into the challenges, progress, and potential impact of hydrogen technology, shedding light on the promising future of this clean energy source.
Eesti Energia, the Estonian state-owned energy company, is charting an ambitious course toward embracing green hydrogen as a linchpin in its future energy endeavors. Despite facing challenges such as high current prices and infrastructure development, the company envisions a pivotal role for hydrogen, particularly in propelling the growth of its chemical industry.
Petrobras, Brazil’s state-controlled oil company, is contemplating a significant transformation in its refining processes. The company is actively exploring alternatives to replace fossil-derived hydrogen with renewable hydrogen, aligning with global efforts to embrace cleaner energy sources and reduce carbon emissions. William Franca, Petrobras’ Industrial Processes Executive Officer, sheds light on this strategic shift.
Spain is making significant strides in green hydrogen adoption, positioning itself as a leader in Europe, trailing only behind Germany. The revelation emerged during the 6th edition of Future Utility, a gathering of over 150 energy sector professionals. Simultaneously, the H2Green Forum Spain took place, organized by IKN, marking the nation’s first congress focusing on green hydrogen.
In an unexpected twist in the narrative of the energy transition, major players in the energy industry are making strategic moves that challenge conventional expectations. While the shift towards green technologies has been widely championed, recent developments highlight the enduring significance of fossil fuels and the hurdles faced by renewable energy initiatives.
German economy ministry has issued a warning about a potentially higher future demand for hydrogen storage capacity than initially anticipated. The revelation, outlined in the ‘Green Paper Hydrogen Storage,’ points to a potential underestimation of demand, attributed to uncertainties regarding supply bottlenecks and an optimization logic based on economic criteria used in earlier estimates.
In the fervent global competition for clean-burning hydrogen fuel supremacy, China has unexpectedly emerged as a frontrunner, surpassing the United States, according to a recent report from the International Energy Agency.
