Weekly News Round Up 06/01

Weekly News Round Up 06/01

WEEKLY NEWS ROUND UP

Happy New Year and welcome to the first edition of our Weekly News Round Up for 2??0??2??3??????! ?

Here are our top 5 news pieces for this week with key takeaways:

1. Nel wins contract for one of the largest green hydrogen production plants in Europe -?Nel wins contract for one of the largest green hydrogen production plants in Europe (proactiveinvestors.co.uk)

?? Key takeaways:

  • HH2E AG has agreed to buy 120MW of #hydrogen capacity from Norway’s Nel Hydrogen ASA, in the form of two 60 MW #electrolyser plants to be built in Germany, a contract which is reported to be worth over €30mln (£26.5mln) ??
  • The German #greenenergy company said the two plants using Nel electrolysers and experience will be “among the largest green hydrogen production plants in Europe announced to date” ??
  • The hydrogen will be used for #industrial applications, #transportation and heat, HH2E said, as it aims to produce 4GW of the fuel by 2030 ??
  • “These projects are important for the #energytransition in Germany and Europe, and we are excited to support HH2E in their efforts to create a greener society," said H?kon Volldal , chief executive of Nel ??

?

2. Hydrogen among public’s most favoured climate technologies, according to Bosch study - Hydrogen among public’s most favoured climate technologies, according to Bosch study (h2-view.com)

?? Key takeaways:

  • ?A new study by Bosch has found that 41% of people surveyed globally believe #hydrogen and #fuelcells have the greatest potential to drive #sustainability in the future, putting it in joint first with #climate engineering. The Bosch Tech Compass 2023 surveyed people around the world to take the temperature on feelings and public perception towards technology ??
  • A headline figure of the report was that 83% of respondents think that future #technology will play a key role in combating #climatechange, up from 76% from the 2022 survey ??
  • 33% of people globally believe hydrogen/fuel cells will make a ‘particularly positive’ contribution to society, beaten only by biotechnology and climate engineering with 37% and 36% respectively ??
  • German respondents ranked hydrogen and fuel cells as their #toptechnologies that they believe will make a positive contribution to society, with 45% of respondents backing it ??
  • UK respondents also backed hydrogen and fuel cells strongly, coming as their second most favoured technology with 44% believing it would make a #positive impact, behind climate engineering at 51% ??


3. Equinor and RWE to build hydrogen-ready power plants - Equinor and RWE to build hydrogen-ready power plants | Financial Times (ft.com)

? Key takeaways:

  • Norway’s Equinor and Germany’s RWE are to build several new #gas power plants that will eventually be run on #hydrogen as part of plans by the two countries for an extensive partnership in greener energy ??
  • The facilities will run first on gas, then on hydrogen produced from gas with carbon capture and storage, and finally on hydrogen made using #renewableenergy ?
  • “The #energycrisis has highlighted Norway’s importance as a reliable supplier of gas to Europe but it has also underscored the need to accelerate the transition to renewable energy,” said Jonas Gahr St?re, Norway’s prime minister ?
  • Anders Opedal , Equinor’s chief executive, said: “The collaboration has the potential to develop Norway into a key supplier of hydrogen to Germany and Europe. This is a unique opportunity to build a #hydrogenindustry in Norway where hydrogen also can be used as feedstock to domestic industries.” ??
  • The agreement involves establishing production for #lowcarbon hydrogen in Norway and exporting hydrogen via a potential pipeline between the countries ??


4. Blastr unveils €4bn green steel plant and hydrogen production facility in Finland - Blastr unveils €4bn green steel plant and hydrogen production facility in Finland (h2-view.com)

? Key takeaways:

  • Norwegian company Blastr Green Steel (Blastr) is planning to establish a #greensteel plant with an integrated hydrogen production facility ??
  • Blastr has entered into a Letter of Intent with Nordic energy company Fortum that provides Blastr exclusive rights to use an existing industrial site located in Inkoo ??
  • The €4bn #investment is expected to create up to 1,200 direct #jobs in the operations phase, with production planned to start by end of 2026 ??
  • The green steel plant together with the integrated #hydrogen facility will be among the largest industrial investments planned in Finland to date. The plant aims to produce 2.5m tonnes of hot and cold-rolled green steel annually ?
  • Hans Fredrik Wittusen , CEO of Blastr Green Steel, said, “Finland is an ideal location for our project. It has an ambitious low-carbon target, supportive and predictable operating conditions for the green industry, #fossilfree energy, and a highly qualified workforce. Inkoo was selected as our location due to its high-quality infrastructure and access to #cleanpower . In addition, the ice-free deep-sea harbour enables efficient, low-carbon logistics all year round and close access to the European market.” ??


5. Port of Immingham claims UK first with trial of hydrogen-powered tractor unit - Port of Immingham claims UK first with trial of hydrogen-powered tractor unit | Yorkshire Post

? Key takeaways:

  • The prototype Royal Terberg Group tug unit - which doesn't produce any #exhaustemissions - is being used to move containers arriving on vessels at Immingham, which is the UK’s largest port by tonnage ??
  • Maritime Minister Baroness Charlotte Vere said the initiative showed the UK was "serious about cleaning up the sector" and that "Decarbonising the maritime sector goes beyond #cuttingemissions at sea, and this trial demonstrates that hydrogen will play a significant part in UK's port operations and shed their dependence on #fossilfuels " ??
  • Next week, a public consultation will be launched regarding the first #largescale, green hydrogen production facility being sited at the port in a partnership by 空气化工产品公司 and ABP ??
  • A new #jetty will be built as part of the facility to receive #ammonia imports which will be stored and processed to produce #greenhydrogen , to fuel vehicles like buses and HGVs ??

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