Electrolyser manufacturers have invested too quickly into new factories, with “severe overcapacity” compared to actual demand from green hydrogen project developers in the coming year, warns research firm Bloomberg New Energy Finance (BNEF). In their analysis, entitled Electrolyser Manufacturing 2024: Too Many Fish in a Tiny Pond, BNEF noted that factories around the world could produce up to 31.7GW...
Green Hydrogen
Volklingen Ironworks in Saar, Germany Volklingen Ironworks in Saar, Germany Stahl-Holding-Saar (SHS) has officially launched a tender to procure up to 50,000 tonnes of green hydrogen to power its companies’ green steel projects.The holding and management company for the Saarland steel industry – with Saarstahl, Dillinger and ROGESA in its portfolio – needs the hydrogen to implement its...
The state aid covers investments in green hydrogen, biogas and biomethane The state aid covers investments in green hydrogen, biogas and biomethane The European Commission (EC) has approved a €900 million French scheme to support companies investing in the use of biomass and renewable hydrogen in energy and fuel production.The scheme was approved under the State aid Temporary Crisis and Transition...
3M invests in hydrogen electrolyzer manufacturer EVOLOH. 3M (NYSE: MMM) has invested in EVOLOH, a cleantech company that’s working to scale up manufacturing of its electrolyzers to make green hydrogen affordable and efficient. Electrolyzers work by using electricity to separate the atoms in water. The result is hydrogen that can be used as clean fuel or chemical reactant...