Hydrogen production is experiencing remarkable growth, overcoming criticism of its carbon emissions in the past. Now, an innovative project has solved this problem, bringing emissions to zero. Hydrogen’s potential: an unlimited, renewable fuel Hydrogen has long been considered the cornerstone of the industry’s quest for a more sustainable future. Although it is not found in its pure state in nature,...
Green Hydrogen
Representing a $550 million investment, the facility will produce up to 11,000 tons of liquid green hydrogen annually BUCKEYE, AZ (May 3, 2024) – Fortescue marked a new phase in the development of the company’s $550 million venture into green hydrogen production in the United States, the first of Fortescue’s planned green energy investments in North...
Towards Energy Independence: Kahramaa Reveals Qatar’s Renewable Energy Strategy Qatar’s General Electricity and Water Corporation, known as “Kahramaa,” has unveiled the Qatar National Renewable Energy Strategy (QNRES) in collaboration with 22 key energy stakeholders in the country. This initiative reflects Kahramaa’s commitment to advancing renewable energy...
Green Hydrogen MarketThe global Green Hydrogen Market is poised for unprecedented growth, marking a monumental shift towards sustainable energy solutions. Valued at USD 156 billion in 2022, it is projected to skyrocket to USD 385 billion by 2030, boasting a remarkable compound annual growth rate (CAGR) of 11.98% over the forecast period of 2023-2030.Green hydrogen,...
In this week’s Caixin energy wrap, we analyze China’s biggest climate and energy news on policy, industry, projects and more: • Bright future seen for “green hydrogen” machines • Shipbuilding giant inks landmark Qatar deal • Chinese turbine makers lead global wind sector • Price war puts solar juggernaut in the red • Energy security under pressure this summer In focus:...
A file photo of KOC Partners with KBR Consulting for Renewable Energy and Green Hydrogen Feasibility Study Kuwait Oil Company (KOC) has embarked on a strategic partnership with KBR Consulting Company to conduct a comprehensive feasibility study on renewable energy and green hydrogen initiatives. This groundbreaking agreement underscores KOC’s commitment to advancing...
High costs and uncertainty over offtake agreements are delaying project investment decisions, according to Aurora Energy Research The installed capacity of electrolysers in Europe is set to undershoot the EU’s 2030 targets by as much as 76% because of high costs and slow progress in securing offtake agreements, according...
Global law firm Clifford Chance has advised long-standing client Actis, a leading global investor in sustainable infrastructure, on a joint venture with Fortescue, a global integrated green energy, metals and technology company, in connection with the bid and subsequent award for the rights to develop, build, own and operate a large green hydrogen project in Oman. The Actis-Fortescue consortium has been...