“We see an encouraging trend that green steel investment announcements are spreading globally with more and more projects outside the EU. However, this positive development for green steel needs to further accelerate as new investments in unmitigated coal-based blast furnaces are still being made in growing economies despite their large emissions”, commented Max Åhman, Associate Professor...
Green hydrogen power is inching forward with more trial projects and research on the boil Photo: Crown research institute GNS Science is about to officially open its new green hydrogen lab in Lower Hutt. One day it could contribute to making sure that small rural communities cut off by disaster can still power through, with stored green hydrogen used to establish a kind of...
Executive Summary The global steel industry is responsible for 11 percent of global greenhouse gas emissions due to its reliance on coal. Companies and countries worldwide are investing private and public funds to clean up the steel industry. LeadIT’s Green Steel Tracker has documented 89 decarbonization announcements in the steel industry as of...
Germany has earmarked €350m from its national budget to support renewable hydrogen production under the European Hydrogen Bank’s new Auction-as-a-Service (AaaS) scheme.The scheme will follow a similar structure to the recently launched European Hydrogen Bank auctions, which offer up a fixed premium per kg of hydrogen for domestic renewable hydrogen producers.Becoming the first EU member state to...
Aurora Energy Research says it has recorded a sharp increase in green hydrogen projects, with 90% of them in early phases of development, while E.ON says that Germany’s hydrogen ramp-up is stuck due to an investment backlog. April 26, 2024 Sergio MatalucciAurora Energy Research said in its “Q2 2024 European Hydrogen Market Report” (HyMaR) that the global pipeline for hydrogen electrolyzer projects...
Axpo and Rhiienergie open largest green hydrogen production plant in Switzerland. Axpo and electric utility Rhiienergie opened the first green hydrogen production plant in Switzerland’s Graubünden canton, it was announced today. The facility, the country’s largest, is located next to the Reichenau hydropower plant in Domat/Ems and can produce up to 350 tonnes of green...
An investment fund for natural hydrogen Idrogenia, a consulting and investment company with shares in Terrensis*, is planning to launch an investment fund dedicated to natural hydrogen. This will be a first in France and Europe. Idrogenia (ideas for hydrogen) is a young company set up by Groupe Mentor, a family holding company based in Nancy and founded in 1998 by Benoit Michaux ( France’s...
The 45V credits became a cause célèbre in 2023 and a subject of enormous interest, partly due to the high stakes directly linked to the hydrogen industry—it’s a lot of money and a lot of emissions on the table—and partly because its implications surpass hydrogen. The debate muddled together several high-stakes policy questions that are fundamental to the clean energy transition—including...