Weekly News Round Up 17/03

WEEKLY NEWS ROUND UP

Welcome to our St Patrick's Day edition of our Weekly News Round Up! ??

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

1. What's in the EU's green industrial plan? -?Factbox: What's in the EU's green industrial plan? | Reuters

? Key takeaways:

• Many in the EU are worried that U.S. President Joe Biden's #inflationreductionact , which offers $369 billion of #greensubsidies that often only apply to products made in North America, could lure companies out of Europe, allowing the United States to grow into a clean tech giant at Europe's expense ??
• The bloc wants to reduce its reliance on China in the many #greentech supply chains that China currently dominates, such as solar and in processing critical #rawmaterials ??
• The EU act's goal is to ensure that by 2030, EU manufacturing capacity is sufficient to meet 40% of its needs of equipment for #solar or #wind power, #electrolysers and fuel cells ??
• The act proposes streamlining the granting of permits for green projects, such as solar parks and #fuelcells, limiting to 18 months a process that can currently take many years. EU countries would need to designate one national authority to coordinate the granting of #permits and give priority to #netzero projects ??
• The Commission also outlined plans to boost production of #cleanhydrogen with an EU-funded subsidy scheme. Investments in electrolysers and renewable energy capacity to power them could cost up to 471 billion euros, it said ??

2. Ceres collaborates with Bosch and Linde Engineering on green hydrogen demo - Ceres collaborates with Bosch and Linde Engineering on green hydrogen demo – Financial News (financial-news.co.uk)

?? Key takeaways:

• Ceres Power Holdings plc, a provider of fuel cell and electrochemical technology, has signed contracts with Linde Engineering and Robert Bosch GmbH to form a collaboration to validate the performance, cost and operational functionality of its solid oxide electrolysis (SOEC) technology ??
• A two-year demonstration of a one-megawatt SOEC system at a Bosch site in Stuttgart, Germany will aim to showcase that the technology provides a highly efficient pathway to #lowcost green hydrogen, which could play a significant role in harder-to-decarbonise industrial sectors ??
• Initial results of testing are providing confidence that the #technology can deliver green hydrogen at <40kWh/kg ??

3. Budweiser and Protium to decarbonise UK brewing with green hydrogen - Budweiser and Protium to decarbonise UK brewing with green hydrogen (h2-view.com)

? Key takeaways:

• The Samlesbury #NetZero project, coupled with other initiatives, aims to help Budweiser Brewing Group (AB InBev) ’s Samlesbury brewery to meet its thermal, heating and transport needs through #greenhydrogen energy ??
• Protium has said it will build a new hydrogen production facility with associated plant and #refuelling infrastructure net to the #brewery, just off the A59 between Preston and Blackburn, on a site the size of one and a half fill-size football pitches ?
• Protium believes the project could save the Lancashire brewery up to 11,000 tonnes of #carbondioxide emissions each year, as well as reducing vehicle noise with hydrogen-powered heavy goods vehicles (HGVs) ??
• Luiz Brandao, Head of Procurement and Sustainability at Budweiser Brewing Group, said “Innovative solutions like hydrogen have huge potential for reducing our carbon footprint in the UK and moving us towards our sustainability goals.” ??

4. Push for carbon-free hydrogen accelerates in US - Push for carbon-free hydrogen accelerates in US (yahoo.com)

? Key takeaways:

• Hydrogen is experiencing a breakthrough in the United States after years of sluggish growth as Biden administration climate policies spark major #investments ??
• The new US #funding pots are massive, including $8 billion dedicated to building a network of "clean" #hydrogen hubs around the country. The IRA also provides tax credits of up to three dollars per kilogram of green hydrogen, a big share for a #fuel that normally costs between $4 and $5 to produce ??
• "The IRA has fundamentally changed the economics of hydrogen from #renewable power," said Catherine Robinson , Executive Director, Gas, Power and Energy Futures at S&P Global Commodity Insights . It "allows it to compete with other forms of hydrogen." ?
• Andy Marsh, CEO of Plug Power said he sees hydrogen as "the Swiss Army knife of this transition," offering "many, many mobility applications, where hydrogen is really the only #solution." ??

5. BMW to make hydrogen-fuelled cars as it admits EVs won’t work for everyone - BMW to make hydrogen-fuelled cars as it admits EVs won’t work for everyone (msn.com)

? Key takeaways:

• 宝马 has thrown its weight behind #hydrogenpowered vehicles as it said that #electric cars will not work in some parts of the world ??
• The company wrote in its annual report, published on Wednesday: “Our world is full of diversity and individuality – why should #mobility be any different? No one can stand on one leg for an extended period of time – never mind trying to walk like that. We firmly believe that the mobility of the #future also needs at least one more leg to stand on, in addition to battery-electric drivetrains. We see hydrogen-electric vehicles as a meaningful complement to e-mobility.” ??
• Hydrogen is an attractive #energy source for a car since refuelling can be done in a few minutes and 6kg of fuel will take a car about 300 miles ?
• The fuel is also seen as a better bet for trucks and #commercial vehicles, which need to cover long distances with as few stops as possible ??

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