© Tommy Lee Walker / Shutterstock.com © Tommy Lee Walker / Shutterstock.com bp will invest in five to 10 hydrogen and carbon capture, utilisation and storage (CCUS) projects this decade.CEO, Murray Auchincloss announced the news during Tuesday’s (July 30) Q2 2024 results presentation. He said, “ is in action to high grade and focus our portfolio from 30 opportunities to five to 10 potential...
A groundbreaking discovery has revealed that aluminum from soda cans, when purified and mixed with seawater, can generate hydrogen gas, a clean energy source for engines and fuel cells without carbon emissions. This innovative process is enhanced by the addition of imidazole, a compound found in caffeine from coffee grounds.During experiments, pretreated aluminum pellets were introduced into filtered...
WORLD ENERGY OPINION Taking the Brakes off Hydrogen and Power-to-X To make the most of hydrogen, investments will be needed in skills development and infrastructure, whilst ensuring the right support mechanisms are in place....
The European Commission has approved €998m funding to advance renewable hydrogen production in the Netherlands. The sizeable funding will enable the Netherlands to increase the country’s electrolysis capacity to ramp up the production of renewable hydrogen. Margrethe Vestager, Executive Vice-President in charge of competition policy, explained: “Developing renewable hydrogen production is a key...
The European Commission has approved a whooping €998 million Dutch subsidy to ramp up green hydrogen production. The Dutch government plans to scale up to 3-4 gigawatts by 2030, aligning with EU climate goals. A competitive bidding system for subsidies is in place to ensure efficient fund allocation and rapid expansion of green hydrogen infrastructure. Substantial support for the European Green...
Energy transition highlights: Our editors and analysts bring you the biggest stories from the industry this week, from renewables to storage to carbon prices. The European Commission has announced a Eur1.2 billion ($1.3 billion) budget for the second auction under the European Hydrogen Bank mechanism, expected in the autumn. The news came at a stakeholder workshop on...
Green Marine UK’s Project Verdant has received an 'Approval in Principle' (AiP) from the global classification society RINA, marking a significant milestone in their initiative to retrofit Crew Transfer Vessels (CTVs) with hydrogen fuel cells and batteries. This project aims to reduce emissions while servicing offshore wind farms, with potential...
Spain is seeking to become a top renewable H2 producer in the EU’s decarbonization strategySpain hasn’t made any attempt to hide its ambition to become a top green hydrogen producer within the European Union’s overall strategy to decarbonize and reduce – eventually eliminating – its dependence on fossil fuel imports.A recent funding approval has brought the country closer to its goalsThe...
This article is an onsite version of our Moral Money newsletter. Premium subscribers can sign up here to get the newsletter delivered three times a week. Standard subscribers can upgrade to Premium here, or explore all FT newsletters.Visit our Moral Money hub for all the latest ESG news, opinion and analysis from around the FT Hello from New York and happy Olympics to everyone. While I have a slight...
Clarity on clean hydrogenOur mission is to deliver engaging and independent business journalism and insight to executives and leaders in the global clean hydrogen industry. We focus on delivering the news and analysis that matters, fearlessly looking beyond the hydrogen hype to provide a balanced view of the market, giving readers the knowledge they need to make critical business decisions. Source link...