BP Exits $54B Pilbara Hydrogen Hub in Strategic Shift Fuel Cells Works Source link...
BP BP. will exit its planned green hydrogen production facility in Australia as part of its refocus on fossil fuels, Bloomberg News reported on Thursday.BP has informed its partners in the Australian Renewable Energy Hub that it plans to leave the project as both operator and equity holder, Bloomberg said, citing a statement from a BP spokesperson.BP did not immediately respond to Reuters' request for a...
10 projects from the first phase of the UK Government’s flagship hydrogen programme (HAR1) have been given the green light to begin construction. In an update to the hydrogen market, the government has confirmed that 10 projects from the first phase of its flagship hydrogen programme – Hydrogen Allocation Round (HAR1) – can begin construction, supporting the government’s mission to become a...
These national subsidies, aligned with the European Hydrogen Bank auction scheme, will fund projects in Spain that were pre-selected in the second EU bidding round but left out due to the exhaustion of the EU budget. The Council of Ministers has approved, at the request of the Ministry for the Ecological Transition and the Demographic Challenge...
The most important challenges and opportunities in hydrogen energy development are clear. Global demand will likely quadruple from 125 million tons in 2030 to over 500 million tons by 2050. This massive growth brings a harsh reality: hydrogen production creates about 830 million tons of CO2 emissions each year. That’s equal to what the United Kingdom and Indonesia produce combined. Natural gas...
Fortescue has agreed to pay back taxpayer funds that were poured into a nixed green hydrogen project “where required”, following pressure from the Albanese Government.The Andrew Forrest-controlled miner on Thursday revealed it would dump green hydrogen projects in Australia and the US as it struggles to find a commercial pathway to full-scale production of the clean fuel, which is produced by the...
Stralis and Aviate Bring Hydrogen-Electric Aviation to U.S. with First Bonanza Delivery Source link...
BP exits giant Australian green hydrogen and renewables hub Upstream Online Source link...
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...
In the effort to reduce climate change and eliminate the abundance of fossil fuels, one particular element has been identified as so promising that it could be the future of clean fuels. That element is hydrogen. Earth has a massive supply of hydrogen. It can be burned in the same way we use oil or gas, but instead of polluting the air, it only emits water. So if there is plenty of it and it's so clean,...