Orsted agreed to cooperate with South Korean steelmaker POSCO last year on an offshore wind power project. The companies have also started a feasibility study for the production of green hydrogen, and could be preparing a supply for "hydrogen steel," which uses hydrogen instead of coal for pro...
As part of the development of green hydrogen in Finland, MAN Energy Solutions will be responsible for the engineering, procurement and construction of the hydrogen plant, along with the delivery of hydrogen-related equipment. H-TEC SYSTEMS will supply three proton exchange membrane (PEM) electrolyse...
While it cites an increase in the Hydrogen Council’s estimated levelised cost of hydrogen production from $2.90 to $5 per kilogram due to rising energy costs, VDE adds that these same high energy prices have made solar a more attractive investment, “supported by the sharp fall in prices fo...
Eventually, the companies aim to turn the NGHV into a reference project in the production of green hydrogen. In addition to large-scale decarbonization, the project aims to offer better "energy prices," providing Portugal with "greater resilience, social stability and long-term employment prospects...
2022), the first plant will include a 0.5-gigawatt (GW) green hydrogen/ammonia production facility in Stephenville, together with nearby construction of up to 164 turbines for 1 GW of wind power generation. The project envisions converting most of the hydrogen to ammonia (NH3), for easier ...
“The big oil companies are investing in the development of hydrogen refuelling stations. For example, Sinopec expects to set up 1,000 hydrogen fuelling stations across China in the next five years. Companies have also invested in...
Cleanly produced H2 can be an important step in the sustainable energy transition. Green hydrogen companies have been making headlines at an increasing rate because of the promise it shows as a renewable fuel alternative to fossil fuels. As of 2021, about 5 percent of the world’s H2 is made...
Plug Power Inc (NASDAQ:PLUG), the US-based provider of turnkey hydrogen solutions, last week closed the acquisition of Dutch energy transition and hydrogen solutions provider Frames Group for EUR 115 million (USD 130.1m). The acquisition price includes EUR 85 million in cash and EUR 30 millio...
Foreign companies seek to invest more than US$ 12,5 billion in new green hydrogen plants in Peru. Peru’s Minister of Energy and Mines, Rómulo Mucho, said today that there are companies interested in installing green hydrogen plants in the Andean country for more than US$ 12.5 billion. ...
“Failing to do so, it could increase future export costs and result in losing the first-mover advantage in the market,” he said. Source:Hydrogeninsight