TotalEnergies is in talks to invest in renewable energy projects developed by Adani Green Energy, people familiar with the matter said, potentially marking the first public deal between the French oil giant and Gautam Adani since a short-seller leveled fraud allegations against the Indian billionaire’s business empire.
TotalEnergies is launching a “massive” green hydrogen tender to reduce the carbon emissions of its six European refineries and two French biofuel plants as pressure mounts on the industry to fight climate change.
Chevron (NYSE:CVX) will become majority owner of what’s expected to be the world’s largest hydrogen production and storage facility as the oil giant invests in tech aimed at addressing the intermittency that plagues wind and solar power.
Hydrogen is a losing bet for investors interested in making money in the foreseeable future, according to Barry Norris, the founder and chief investment officer of UK hedge fund Argonaut Capital Partners.
The UK will fall further behind the US on green technologies without a national investment fund to help turn start-ups into the companies of tomorrow, a leading think-tank has warned.
India’s Gautam Adani is prepared to go it alone in spending billions of dollars on developing green hydrogen in India, after TotalEnergies put a plan to partner in the venture on hold.
A team of Rice Uni engineers claim they can successfully turn sunlight into hydrogen with record-breaking efficiency in a single and apparently durable, cost-effective and scalable device.
The rising cost of energy has made us all think more carefully about how best to heat our homes. That is why there was a significant amount of interest when the Energy Secretary, Grant Shapps, recently announced the UK Government was likely to scrap plans to replace conventional boilers with a hydrogen-based alternative.
Haskel technical sales manager in the region Stewart Anderson welcomed the collaboration on this “ground-breaking project, bringing our extensive high pressure gas experience and expertise in the hydrogen mobility sector to Port Kembla”.