Countries planning to become Hydrogen exporters

14 November, 2022

Energy News Today:

Sembcorp renewable energy footprint in India at 3 gigawatts (Gw)

Singapore-listed utility company Sembcorp Industries on Sunday said it will acquire clean energy platform Vector Green Energy for Rs 2,780 crore to expand its renewable energy footprint in India to 3 gigawatts (Gw). The portfolio includes 495 megawatt (MW) of solar capacity and 24MW of wind capacity in operation, with 64MW of solar projects under development. Business Standard

Uttar Pradesh government issues draft policy to promote green hydrogen production

“The state envisions to promote green hydrogen/ammonia as the foundational pillar for the green energy transition in UP and make the state ready for a net-zero economy in the future,” says the draft policy that was put in the public domain by the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA), the nodal agency for the purpose.. HT

Portugal seeks to become major exporter of green hydrogen

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.. Reuters

“Artificial Leaf” To Produce Green Hydrogen

The basic idea behind the artificial leaf sounds simple enough. You simply fabricate a specialized solar cell called a photoelectrochemical cell, dip it in a water-based solution, and expose it to light, thereby recreating the chemical reactions in natural photosynthesis . cleantechnica

Big power companies delivering excess dividends in the billions, new study claims

A new report from trade unions and an environmental organisation has argued big electricity generator-retailers have delivered billions of dollars in excess dividends to shareholders. The First Union, NZCTU, and 350 Aotearoa report said partial privatisation of electricity companies had led to payments in excess of the profits gentailers earned. The study argued that gentailers hiked electricity prices and halted decarbonisation. NZherald



24 February, 2024

Byju’s, once heralded as a flagship in India’s edtech sector, is grappling with severe financial and operational challenges, marked by a dramatic valuation drop. The company, which sought to stabilize its operations and finances, is now raising funds at a valuation significantly lower than its peak. This development comes amid efforts to address a substantial debt burden, with Byju’s proposing a repayment plan for its $1.2 billion loan. Investor confidence appears shaken, with some stakeholders pushing for drastic changes in leadership to navigate the crisis effectively. The turmoil reflects broader sectoral pressures and raises questions about the sustainability of high-growth trajectories in the edtech industry

10 February, 2024

Australia’s energy market is witnessing significant transitions and investments aimed at bolstering renewable energy infrastructure and securing gas supplies. Key developments include a $179 million investment by the Queensland Government for community battery projects, Santos’ $5.7 billion gas pipeline project following a legal battle win, and a $206 million energy savings package for NSW households. Additionally, the Australian government has secured new gas supply deals to support the east coast market, emphasizing the role of gas in transitioning to a renewable grid.

India 2024
9 February, 2024

The latest opinion polls, including the Mood of the Nation survey by India Today, predict a comfortable victory for Prime Minister Narendra Modi’s BJP and its allies in the National Democratic Alliance (NDA), with a projected win of 335 Lok Sabha seats in the 2024 general elections. This forecast suggests a slight decrease from the 2019 elections but still ensures a majority. The survey, involving interviews with over 149,000 respondents, reflects Modi’s enduring popularity based on his nationalist policies and economic reforms. Other polls echo these findings, although seat projections vary slightly. The opposition INDIA alliance is expected to secure a significant number of seats, yet not enough to challenge the NDA’s majority. These predictions highlight a political landscape that remains largely favorable to Modi and the BJP as the election approaches