Evos Hamburg, Lother Group and E-Fuel GmbH create Hamburg Blue Hub
Evos Hamburg, Lother Group, and E-Fuel GmbH will collaborate to create the Hamburg Blue Hub.
This is a key project in a chain of others needed to prepare Hamburg for the import of green hydrogen and hydrogen-based fuels. Hamburg should become Europe’s green fuel distribution hub.
Hydrogen, hydrogen derivatives like e-fuels and e-methanol, biofuels, and waste-based fuels will be stored climate-friendly at Evos’ Hamburg facility starting in 2026 for usage throughout Germany and Europe.
South Korea creates tentative ship hydrogen fuel cell technology specifications
In order to facilitate genuine hydrogen shipbuilding in Korea, the Ministry of Oceans and Fisheries of South Korea declared on Wednesday that it has established “tentative specifications for ship hydrogen fuel cell technology.”
Although Korea actively pursues the development of fuel cell technology for hydrogen ships, such as the development of small experimental hydrogen ships through the Ulsan Free Economic Zone project, there have been challenges in commercialising fuel cell-powered ships because there are no regulations pertaining to the standards for shipbuilding equipment that are currently in place.
The International Maritime Organization interim guidelines and the laws that serve as the foundation for generating standards for new technology applications have thus been used by the ministry to construct the standards (IMO).
Autumn auction to test European Hydrogen Bank policy
By subsidising production, the European Hydrogen Bank (EHB) seeks to lower the price of hydrogen in a manner similar to the Contracts for Difference (CfD) programme implemented for renewable energy.
The hydrogen market is more complex and serves a variety of offtakers with various needs, making it less successful as a means of integrating renewable energy technologies like wind and solar into an existing, ready-made power market.
Only the pilot auction later this year will be able to determine whether such a plan can work for renewable hydrogen.
The European Commission announced the reform of the EU’s emission trading system (ETS), the Carbon Border Adjustment Mechanism (CBAM), the EU Green Deal Industrial Plan, and the Net-Zero Industry Act in March. The details of the auction followed.
ClearSign tests ultra-low NOx hydrogen burner
The ClearSign Core Ultra Low NOx burner was successfully developed and demonstrated, according to ClearSign Technologies Corporation.
Government funding for this study is being provided by the Department of Energy’s Small Business Innovative Research (SBIR) initiative to Promote Scientific Innovation in Clean Energy Development and Climate Solutions. The project is being funded in stages. About $250,000 worth of funding was provided initially, starting in June.
The company will submit a follow-up proposal with testing data and verified industry backing to continue the development work with a Phase 2 award when the Phase 1 work is finished. The Phase 2 grant funding cap of $1.6 million over a two-year period is what the application is for.
Hydrogen One shares rebounding
After delivering positive full-year results, including a 21% net asset value increase, a London-listed hydrogen fund’s share price recovered.
Hydrogen One Capital Growth (Hydrogen One) rose 6.25 percent to 51p per share on the London Stock Exchange this morning.
After former Prime Minister Liz Truss’ dismal mini budget late last year, the company’s share price plummeted from 93.8p to 40.8p.
Inflation and increased energy prices have made renewables initiatives harder for the corporation.
Yet, throughout the course of 2022, the fund increased capital investment from £48.6m to £102.9m.
Energy businesses welcome upcoming Stanlow hydrogen plant
The announcement that the upcoming Stanlow hydrogen plant will play a key role in establishing the UK’s hydrogen economy has been warmly received by energy companies.
Essar Energy Transition’s Vertex Hydrogen project has been selected as one of only two UK hydrogen plants to advance to the next phase of bilateral negotiations with the UK Government, according to a government announcement from the Department for Energy Security and Net Zero (DESNZ).
The announcement comes after the UK government pledged to allocate up to £20 billion in funding for the early use, storage, and capture of carbon to support meeting its climate objectives. The money encourages private investment and job growth in regions like the North West of England, where Essar is based in the UK.
Hyzon Motors gets extension from Nasdaq
In order to give Hyzon time to come back into conformity with Nasdaq Listing Regulation 5250(c), Hyzon Motors reported that on March 31, 2023, the Nasdaq Hearings Panel had approved Hyzon’s request for the continuation of the listing of its securities on The Nasdaq Stock Market until May 15, 2023. (1).
During a hearing on March 16, 2023, when Hyzon presented its detailed strategy to get back in compliance and asked for the continuation of the listing of its securities on The Nasdaq Capital Market until such compliance, the extension was approved.
Hyzon Motors must submit all past-due reports to the U.S. Securities and Exchange Commission (SEC) on or before May 15, 2023, in accordance with the Periodic Filing Regulation, in order to receive the extension.