Japan has a plan to make green steel work.
The energy transition is a major challenge, and one of them is decarbonising steel production. This is especially true when consumers around the world are unwilling to pay more money for greener steel products. In order to achieve this, government policies and regulations will likely be used to set prices in a sector that is responsible for 8% of the global carbon emissions.
Japan has a plan to make green steel work.
The energy transition is a major challenge, and one of them is decarbonising steel production. This is especially true when consumers around the world are unwilling to pay a premium for greener steel products. In order to achieve this, government policies and regulations will likely be used to set prices in a sector that is responsible for 8% of the global carbon emissions.
Johnson Matthey will review executive compensation and cut spending in hydrogen technologies
Johnson Matthey, a British autocatalyst manufacturer, announced on Monday that it would reduce its capital expenditures in its Hydrogen Technologies business and review the executive pay to increase its cash flow. This was in response to pressure from its largest investor. In late 2018, the company, which produces catalytic convertors and pollution filters, failed to meet analysts' expectations in terms of first-half revenue.
Fortescue Energy CEO: Green hydrogen costs are key to reducing demand
Fortescue Energy CEO Mark Hutchinson said in Davos that buyers will not pay "green premiums" if the price is competitive. By splitting water into oxygen and hydrogen, using renewable electricity, green hydrogen can be created. The hydrogen can be used to generate electricity or as an ingredient in agricultural fertilisers. Hutchinson, speaking at the Global Markets Forum…
Adani allegations bring India's clean-energy conundrum to the forefront
The allegations of bribery against Adani Group's founder Gautam Adani highlight the increasing difficulty that India's renewable energy developers have in finding buyers for their power. Officials say that while India's central governments wants to move away from coal-fired power generation and towards renewable energy sources, state-owned companies in charge of supplying electricity have been slow to strike deals. U.S.
Cepsa will delay $3.3 billion in hydrogen projects if Spain's Windfall Tax is made permanent
Cepsa, Spain's second largest oil company, said it would postpone investments of 3 billion euros in green hydrogen in the south of the country if a temporary tax on windfall profits becomes permanent. The windfall tax in Spain has been criticized by many companies, including oil companies. Endesa is also among those who have criticised it. Cepsa stated in…
Repsol freezes green hydrogen projects in Spain
A spokesperson for Spanish oil giant Repsol said that the unfavourable regulatory climate has forced it to put on hold plans to build green hydrogen plants in Spain, with a capacity of 350 Megawatts (MW). The company warned of the potential impact on its investment that regulatory uncertainty could have, such as the possibility that the windfall tax for energy companies and banks would be redesigned or made permanent.
New Industry Minister: Japan will keep nuclear but boost renewables as part of its energy mix
Japan will continue to restart nuclear power plants safely and use as much renewable electricity as possible, said Industry Minister Yojimuto on Wednesday. This indicates that the policy of newly appointed Prime Minister ShigeruIshiba is not likely to change significantly. Ishiba had promised to eliminate nuclear power before he was elected leader of the Liberal Democratic Party. He was sworn into office on Tuesday.
Spain increases green hydrogen goal
Spain has raised its target for green hydrogen production capacity as a sign that it is confident in the industry, which has seen many energy giants cut back their plans due to high prices and an uncertain demand. According to a document released by the Energy Ministry on Monday, an updated version of the government’s strategy has set a target for 2030 of 12 gigawatts of electrolysers that are used to produce green hydrogen.
Hitec, a unit of Eni, wins support for a large floating wind farm
Flotation Energy, a joint-venture between Eni Plenitude, and HitecVision private equity, announced on Tuesday that their floating offshore project Green Volt had won a contract in Britain's most recent renewable energy auction. They said that the 2.5 billion pound initiative ($3.28 billion), which will have a maximum capacity of 560 megawatts and be supported by incentives from government…
UK's Drax will pay $33 million after misreporting biomass data
Ofgem, the UK's energy regulator, said that Drax had misreported data regarding biomass imported from Canada. The company will pay Ofgem a voluntary redress fund of 33 million pounds (25 million pounds) for this mistake. Drax is Britain's leading renewable energy generator. It has converted four coal-power plants to biomass, and operates hydropower projects.
Lobby says proposed price for Polish offshore Wind auctions is too low
The wind lobby in Poland said that the proposed price of wind power for new Baltic Sea projects was too low, and could undermine development and government goals. The climate ministry of Poland proposed earlier this week a maximum price for auctions starting in 2025 at 471.83 Zlotys (122.71 USD) per Megawatt Hour (MWh). Over the last few years, the wind industry has struggled with rising costs and disruptions in the supply chain.
Alight and Swedish forest owner will partner up on 2 GW of solar
The firms announced on Monday that solar developer Alight has partnered with Sweden's largest forest owner Sveaskog in order to develop solar energy project totaling 2 gigawatts over a five-year period. Erik Brandsma said that investing in solar energy on Sveaskog's land was a natural move for the company as it is a large landowner. It also allows them to contribute to energy transition, and to future energy needs, without fossil fuels.
US Harbor Craft: Measuring Opportunity for Zero Emissions
There are more than 4,000 harbor craft vessels in the U.S. deemed highly suited for zero-emissions operations, according to a recent report produced by CALSTART in partnership with Intelatus Global Partners.The report - “Sizing the U.S. and California Harbor Craft Market” - looked at the U.S. commercial harbor craft and inland and nearshore vessels above 600 kilowatts (kW) or 805 brake horsepower.
Blue Hydrogen: A Key Player in the Future of Energy Transition
The energy sector is undergoing a transformation, with a growing focus on cleaner energy sources and technologies that reduce greenhouse gas emissions and contribute to a more sustainable future. In this context, hydrogen is emerging as a key player in the energy transition, with a variety of clean production methods offering different advantages and competitiveness…
Green Energy: RNG Project takes shape in NY, first in the U.S.
Waga Energy is joining forces with Steuben County (New York, USA) on a Renewable Natural Gas (RNG) project at the county’s Bath landfill. The RNG produced will be injected in the local grid and used as a biofuel to decarbonize mobility. The Steuben County landfill will be the first in the US to adopt Waga Energy’s WAGABOX® technology, already in use at ten…
Denmark Might Not Reach Its 2030 Emissions Reduction Goal as It 'Relies on Unproven Tech'
Denmark risks not reaching its goal to cut carbon emissions by 70% by 2030 because it is too reliant on unproven technology, an independent council monitoring the effort said on Friday.The Nordic country in 2020 set one of the most ambitious and legally binding climate targets in the world - cutting CO2 emissions by 70% by 2030 compared to 1990 levels, but…
Fortescue Assessing Green Ammonia Plant in Australia's Tasmania
Fortescue Metals Group said on Tuesday it was assessing prospects to build an ammonia plant in the southern island state of Tasmania, as part of its push to become a major renewable energy producer.The project would include a 250-megawatt hydrogen plant at the Bell Bay Industrial Precinct with green ammonia production capacity of 250,000 tonnes per year for domestic and international export…
Hybrid AUV Completes Depth of Burial Survey for Offshore Wind Farm
Modus Seabed Intervention completed a high speed bathymetric and depth of burial survey of the inter array cable routes on the innogy operated Gwynt-y-Môr offshore wind farm, using the Modus HAUV-2 (Hybrid Autonomous Underwater Vehicle) .The Gwynt-y-Môr Offshore Wind Farm comprises 160 Siemens 3.6MW WTGs located approximately 8 miles from the North Wales coast in Liverpool Bay in water depths ranging between 12m and 28m.
Danish Base for German Offshore Wind Farm Service Workers
EnBW Baltic 2 one of Germany’s largest offshore wind farms in the Baltic Sea will soon be serviced from the Danish port of Klintholm on the island of Møn, EnBW said Tuesday. The company has so far had its service team of up to 25 people travel from Rostock to a hotel vessel close to the EnBW Baltic 2 offshore wind farm. A hotel and a service building are now being constructed in Klintholm [Denmark]…
