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(Reuters) - BP chief executive Bernard Looney is betting on hydrogen to power future low-carbon businesses as the governments of major economies stump up cash to develop the fuel to decarbonise. Low-carbon hydrogen already has a big fan-base and is forecast to play a major role in reducing greenhouse gas emissions from heavy industries and... Continue Reading →
(OE) The Dutch government on Friday said it would appoint gas grid operator Gasunie to oversee plans to develop a hydrogen network in the North Sea, Energy Minister Rob Jetten said in a letter to parliament. The Dutch government is due on Dec. 8 to debate in parliament over ambitious plans to shift much of... Continue Reading →
(OET) In the aftermath of COP27, which took place against the backdrop of the first true global energy crisis, many argued that little progress was made on the phasing out of fossil fuels. This was justified by the need to strengthen energy security, protect consumers at the pump, and avoid a global recession. In light... Continue Reading →
(OET) Crown Estate Scotland has closed the window for applications under its Innovation and Targeted Oil and Gas (INTOG) leasing round, dedicated to offshore wind projects that will directly reduce emissions from oil and gas production and to small scale innovation projects, including alternative outputs such as hydrogen. A two-week registration window for INTOG opened... Continue Reading →
(OEM) With COP27 in full swing, governments have set out an action plan to make clean technologies cheaper and more accessible in a bid to scale up decarbonisation efforts, says the International Renewable Energy Agency (IRENA). This builds on the progress made since COP26 and the intergovernmental organisation anticipates that investments in wind and solar projects... Continue Reading →
(Reuters) - Portugal expects to become a major producer and exporter of green hydrogen with 70 private investors or groups planning to spend 10 billion euros ($10.2 billion), the environment minister said on Thursday. So-called green hydrogen, produced using renewable electricity, is seen as a key power source that can reduce pollution from long-haul heavy transport,... Continue Reading →
(TN) Australian renewable green energy developer Fortescue Future Industries (FFI) and Enel's global renewable energy arm, Enel Green Power S.p.A. (EGP), today announced that they will partner to explore the co-development of the green hydrogen value chain, with an initial focus on Latin America and Australia. FFI and EGP share a common view on the... Continue Reading →
(OM) Iberia is well positioned to compete with—or even replace—Northern Europe’s existing energy industrial hub as sectors in Spain and Portugal can call on abundant sunshine, strong winds and mature gas infrastructure as well as a wealth of industry and managerial expertise. With reliable gas supply from North Africa, lower power prices compared to the... Continue Reading →
(OE) World Forum Offshore Wind said Wednesday it had launched new Offshore Wind to Hydrogen Committee chaired by DNV’s hydrogen segment lead Magnus Killingland. "World Forum Offshore Wind (WFO) and its members believe that hydrogen production from offshore wind creates tremendous new opportunities for the global offshore wind industry. To promote the acceleration of commercial-scale... Continue Reading →
(Reuters) - Soaring natural gas prices have made hydrogen produced from fossil fuels increasingly uneconomic and spurred more than $70 billion of new investment in hydrogen from renewables since war broke out in Ukraine, a report said on Thursday. So-called green or clean hydrogen is made using electrolyzers powered by renewable energy to split water from oxygen,... Continue Reading →
Brazil Energy Insight 