In a groundbreaking development, OCP Group, a renowned global leader in plant nutrition and phosphate-based fertilizers, has partnered with Fortescue Energy, a subsidiary of Fortescue Ltd—a prominent player in green energy, metals, and technology—to establish a landmark Joint Venture (JV) in Morocco. This equal collaboration aims to spearhead the supply of green hydrogen,...
Central Sardinia is not generally considered a hotbed of innovation: Arid and rural, some of its road signs riddled with bullet holes made by target-practicing locals, the setting recalls a Clint Eastwood western. Yet in Ottana, on the brownfield site of a former petrochemical plant, a new technology is taking shape that might help the world slow climate change. The key component of this technology is as...
An EU-approved list of 166 cross-border energy infrastructure projects — including 65 hydrogen pipelines, import terminals, and electrolysers — will be able to draw from a €850m ($905.5m) pot of funding from 30 April. The sixth list of Projects of Common Interest (PCIs), which link two or more member states, and Projects of Mutual Interest (PMIs), which link EU and non-EU countries, was published...
Over the past two weeks, cities across South Korea have been unveiling subsidies for hydrogen cars that will effectively halve the cost of a new model for citizens and local businesses. The entirety of this funding is set to go to the Korean-made Hyundai Nexo, the only hydrogen car currently on sale in the country. In January, the central government said it would provide subsidies of 22.5m won ($16,875)...
Green hydrogen is predicted to be a leading renewable energy source in the future, but production in Europe must ramp up massively to hit targets. In this episode of Business Planet, Euronews reporter Andrea Bolitho travels to Spain to see how a global leader in the renewable energy sector is maximising green hydrogen's potential.The EU's regulatory advisor for renewable energy giant,...
Engie has told pv magazine that the developers of the H2Sines.Rdam installation have decided to terminate the project to produce hydrogen in Portugal and send it to the Netherlands, while Fortescue said it has opened an electrolyzer production facility in Australia. April 12, 2024 Sergio MatalucciH2Sines.Rdam, a planned 400 MW green hydrogen project in Portugal designed to ship liquid hydrogen to the...
Despite an uncertain outlook amid structural limitations and recent economic headwinds, green hydrogen may help accelerate the European Union's decarbonization and strengthen its energy security while bringing profound global economic and geopolitical implications. In recent years, a global energy crisis, supply chain disruptions, high inflation and rising borrowing costs have driven up costs for new...
The future of gas turbines and hydrogen are intricately intertwined. Gas turbine manufacturers know that they need their equipment to be ready to operate on higher levels of hydrogen as electrolysis technology advances, production projects come online, and clean hydrogen becomes more readily available to help end-users decarbonize their power systems. In May 2023, the U.S. Environmental Protection...
The EU Commission has selected 42 new infrastructure projects to receive more than €424m ($450m) in EU funds, including 48 hydrogen refuelling stations (HRS).Under the Alternative Fuels Infrastructure Facility (AFIF) funding, part of the Connecting Europe Facility (CEF), 48 HRS and 4,200 electric charging points on the European TEN-T road network will receive backing.21 European airports will benefit...
India’s Ministry of New and Renewable Energy is considering a subsidy scheme to support the use of green hydrogen to generate power as a way to provide “round the clock” renewable electricity, as well as peaking power to the grid. One of the mechanisms that has been tabled is a Contract for Difference. In this type of subsidy, if the market power price is lower than a “strike price” agreed...