Hydrogen latest global developments June'21

14 July, 2021

Latest Hydrogen News from around the World

  1. Korea: SK Group, has made a strategic investment in an American turquoise hydrogen company, Monolith Materials,  so that it can diversify its hydrogen portfolio. Turquoise hydrogen that sits somewhat between blue and green hydrogen uses methane as a feedstock, but the process is driven by heat produced with electricity instead of fossil fuels.
  2. California, US: Waste-to-hydrogen company SGH2 Energy will supply 3,850 tonnes of green H2 (produced from biogenic waste and biomass) annually to southern California under a ten-year contract.
  3. Denmark: Green Hydrogen Systems, which makes electrolysers to produce green hydrogen, said it plans to raise around 1 billion Danish crowns ($164 million) in an initial public offering (IPO) in Copenhagen.
  4. Germany: 475 km pipeline project is one of 62 large-scale hydrogen projects selected by Germany’s Federal Ministry of Economics and the Federal Ministry of Transport, as part of its €8bn Important Projects of Common European Interest (IPCEI Hydrogen) programme. The plan aims to develop 2GW of electrolysis capacity and 1,700km of hydrogen pipelines by 2030.
  5. Norway:Norway is betting on hydrogen and offshore wind for its energy transition but will continue to extract oil and gas until 2050. “We don’t think that we should stop producing oil and gas now and leave it for Russia or Qatar to supply, but we need to understand that the demand will go down… The main thing is to hit the market right and not end up with stranded assets,” Espen Barth Eide said.
  6. Hydrogen Cars: BMW said on testing of BMW i Hydrogen Next car, “hydrogen fuel cell tech have long term potential to supplement internal combustion engines, plug-in hybrid systems and battery-electric vehicles and become an attractive alternative to battery-electric drive trains – especially for customers who do not have their own access to electric charging infrastructure or who frequently drive long distances.
  7. Australia: Asian Renewable Energy Hub (AREH) project, located in the Western Australia’s Pilbara region, designed to initially build 15 gigawatts (GW) of renewable energy capacity, eventually to be expanded to 26 GW and produce green hydrogen and ammonia for export was rejected due to unacceptable impacts on internationally recognised wetlands and migratory bird species.
  8. Buoyancy Energy Storage Technology (BEST): Gravitational energy storage based on buoyancy, can be used in locations with deep sea floors and applied to both the storage of offshore wind power and compressed hydrogen. The proposed system uses air or hydrogen as compression gases to fill the recipient, which can be shaped as a series of balloons or tanks.
  9. Role of Oil and Gas ? Michael Liebreich, the founder of BloombergNEF is strongly against using clean hydrogen in certain sectors where there are cheaper and more efficient electric solutions, such as cars and domestic heating — in stark contrast to elements within the oil & gas sector that are spending tens of millions of euros on lobbying for such uses. Do look up Liebreich’s Hydrogen ladder in the references.
  10. Kazakhstan: German project developer Svevind Energy and Kazakh Invest, a state-owned company have signed a memorandum of understanding to install wind and solar farms with a total capacity of 45 GW in mainly steppe areas in western and central Kazakhstan. “The electricity will feed 30 GW of electrolyzers to produce about three million tons of green hydrogen every year.
  11. Plasma Electrolysers: Melbourne-based Hydrogen Systems Australia (HSA) says that today’s PEM (proton exchange membrane) electrolysers produce hydrogen at a levelised cost of about $5-7 per kilogram, while its new plasma electrolysers would produce H2 for $2/kg by 2024 (based on a power price of $35/MWh when operating for 12 hours a day).

  1. https://www.ajudaily.com/view/20210603143225879
  2. https://www.rechargenews.com/energy-transition/worlds-largest-green-hydrogen-offtake-deal-signed-in-california-by-waste-to-h2-start-up/2-1-1020363
  3. https://s27.q4cdn.com/814921560/files/doc_downloads/ipo-doc/Prospectus-Green-Hydrogen-Systems.pdf
  4. https://www.globalconstructionreview.com/news/germany-build-475km-pipeline-network-part-8bn-hydr/
  5. https://www.oedigital.com/news/488403-norway-not-giving-up-on-oil-gas-in-push-for-greener-energy
  6. https://www.cnbc.com/2021/06/17/bmw-starts-european-road-tests-of-hydrogen-fuel-cell-cars.html
  7. https://energy.economictimes.indiatimes.com/news/renewable/australia-rejects-36-billion-wind-solar-hydrogen-energy-project/83710810
  8. https://www.pv-magazine.com/2021/06/28/using-the-oceans-depths-to-store-renewables-compress-hydrogen/
  9. https://www.rechargenews.com/energy-transition/liebreich-oil-sector-is-lobbying-for-inefficient-hydrogen-cars-because-it-wants-to-delay-electrification-/2-1-1033226
  10. https://www.pv-magazine.com/2021/06/29/the-hydrogen-stream-45-gw-project-in-kazakhstan-new-push-from-norway/
  11. https://www.rechargenews.com/energy-transition/-our-plasma-electrolysers-will-cut-the-cost-of-green-hydrogen-by-a-factor-of-three-/2-1-1032895
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