Green hydrogen has become a “premium clean fuel” due to the high cost of production, with the nascent fuel “energy intensive but expensive” and increasingly valuable as an energy store, according to UK National Infrastructure Commission commissioner Nick Winser.
The Scottish National Investment Bank (SNIB) has invested £20 million in hydrogen-electric aviation developer ZeroAvia as pat of its latest funding round.
Nine months after the UK government allocated £2 billion to green hydrogen projects, industry has raised concerns about delays and regulatory hurdles putting the bids that succeeded in winning funding projects at risk.
The Labour Government has now been in power for eight weeks. With this has come a renewed sense of hope for net-zero, energised by the Government’s desire to hit the ground running and launch in quick succession, amongst others, the removal of the de facto ban on onshore wind, the National Wealth Fund, Great British Energy, and the ‘superhighway’ Eastern Green Link 2 project.
BP Aberdeen Hydrogen Energy Limited also awarded the first tranche of supply chain contracts for its Aberdeen Hydrogen Hub project to five local firms.
Aberdeenshire firm Pier Solutions could see a "substantial increase" in revenue and turnover after forming a partnership with hydrogen technology firm H2scan.
Orsted A/S (CPH:ORSTED) booked an impairment of more than $500 million related to an offshore wind farm in the US and a canceled green hydrogen plant in Sweden.
Hydrogen’s potential as a carbon-free fuel has provoked no end of excitement. From the deserts of Australia and Namibia to the wind-blasted straits of Patagonia, companies and governments worldwide plan to build almost 1,600 plants to make it. The gas can be produced cleanly by using wind- or solar-powered electricity in a process that splits the molecule from water. There’s only one problem: The vast majority of those projects don’t have a single customer stepping up to buy the fuel.
Scottish hydrogen technology firm Logan Energy has secured its largest contract to date with a multi-million pound deal to fuel zero emission buses in the Czech Republic.
Germany’s freshly-approved strategy to import hydrogen has been criticized by industry groups for ignoring the lack of credible pipelines to bring supplies of the clean gas from other parts of Europe.
Norway’s Equinor ASA (NYSE:EQNR) is in advanced talks to become a key investor in German hydrogen startup HH2E AG in an effort to diversify its energy production, according to people familiar with the matter.
A new report from Aberdeen's Net Zero Technology Centre (NZTC) has found Scottish hydrogen exports could meet up to 100% of German import demand by 2045.
The tree-lined street in Leipzig may seem an incongruous beachhead for the future of German energy. But the government has billions riding on its success.
BySarah Kimpton, Vice President, Energy Transition & Innovation Development, Energy Systems at DNV
Increases in water demand for the energy transition are set to run in parallel with climate change-induced alterations to water supplies, with possibly severe implications for the viability of different energy transition sources.
Statera Energy's plans to produce green hydrogen in Kintore puts the Aberdeenshire town in the same league as Saudi Arabia's Neom and the Port of Rotterdam, it has been claimed.