Hydrogen CTV retrofit begins
In order to reduce CO2 and NOx emissions while maintaining offshore wind farms, a plan has been launched to refit a CTV with hydrogen fuel cells.
Project Verdant’s first phase, which includes a feasibility study and early design, is now underway and is funded by Innovate UK, the national innovation agency of the United Kingdom.
The idea will be tested in the field and its design will be implemented if it is found to be feasible in later stages.
The project partners Waves Group and EMEC (European Marine Energy Centre) provide support to the collaboration headed by Green Marine, a company based in Orkney.
Viritech launches crowdfunding campaign
The UK-based hydrogen fuel powertrain solutions company Viritech has announced the opening of a new crowdfunding campaign, hoping to raise $5 million from venture capital firms, family offices, and strategic investors.
KION Group introduces industrial truck fuel cell systems
For its industrial trucks, the KION Group has introduced its own fuel cell technologies. For warehouse vehicles, the multinational intralogistics company has created a 24-volt system. The new production line at the Hamburg factory can produce up to 5,000 fuel cell units annually. Over €11 million is being invested by the Group in this technology. In the upcoming years, a 48-volt system will be added to the fuel cell lineup.
Eletrobras granted accreditation for green hydrogen produced in its pilot plant
Eletrobras was granted accreditation for the green hydrogen produced in its pilot plant, which is situated at the Itumbiara hydropower facility, coming from a renewable source.
Eletrobras’s vice president of marketing, Italo Freitas, told Reuters that the company plans to use its extensive portfolio of hydroelectric facilities to support the decarbonization initiatives of large clients by providing renewable energy to manufacture green hydrogen and “e-fuels” at highly competitive pricing.
Eletrobras is a leader in the production of renewable fuels with a generation park that generates more than 44 gigawatts (GW) of power. This is because the company produces “flat” energy, which is energy that is free from the fluctuations and intermittencies that come with solar and wind power.
Patriot Hydrogen enters London Stock Exchange
A major merchant bank, Cronin Capital and its affiliates (“Cronin”), and Patriot Hydrogen Limited, a developer of climate-tech waste-to-energy projects, have signed a term sheet to carry out a direct listing on the London Stock Exchange in 2024.
According to the agreement, Cronin will lead the go-public financing and listing process in H1 2024 and raise pre-listing funds for Patriot in Q4 2023 to accelerate Patriot’s foundation programs. Cronin will continue to be required to advise Patriot after the listing in order to facilitate the company’s continued expansion into the public markets.
SoCalGas and CTE deploy hydrogen FCEV delivery vans
As part of their joint initiative to replace diesel-powered vehicles and lower greenhouse gas emissions, Southern California Gas (SoCalGas) and the Center for Transportation and the Environment (CTE) have deployed the first of a planned 15 hydrogen fuel cell electric vehicle (FCEV) medium-duty delivery vans.
According to SoCalGas, the research is being funded and supported with the intention of advancing the commercialization of medium-duty, zero-emission vehicles and maybe helping businesses decarbonize their fleets. These hydrogen fuel cell electric vehicles (FCEVs) are being operated by a top courier service to help with package deliveries in underprivileged areas of the Inland Empire, which is a metropolitan area situated inland and close to the coastal regions of Southern California.
INEOS Inovyn releases latest ESG report
The largest hydrogen electrolysis operator in Europe, INEOS Inovyn, releases its most recent ESG report.
The study emphasizes important developments that are facilitating our shift to a green economy, such as the development of electrified production processes, growing usage of decarbonized energy, and circular recycling solutions.
With a roadmap deployment under progress, INEOS Inovyn aims to reduce CO2 emissions by 33% by 2030 and achieve carbon neutrality by 2050.