Weekly News Round Up 21/06

WEEKLY NEWS ROUND UP

Welcome to our Weekly News Round Up of interesting articles in the sustainability space!

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

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1. NewHydrogen, Inc. CEO discusses the potential of green hydrogen with economist Dr. Gordon Rausser

NewHydrogen, Inc. CEO discusses the potential of green hydrogen with economist Dr. Gordon Rausser | World Fertilizer

? Key takeaways:

• NewHydrogen , the developer of ThermoLoop?, a technology that uses water and heat rather than electricity to produce more affordable #greenhydrogen, has announced that the company’s CEO Steven Hill, MBA recently hosted a conversation on the future of green hydrogen with economist Dr. Gordon Rausser, shedding light on pivotal areas of growth, policy, and #innovation in the clean energy sector ??
• The discussion highlighted the surge in global #investments in green hydrogen, reaching nearly US$12 trillion by 2050. Dr. Rausser, an American economist known for his contributions to #environmental economics and sustainable development, emphasised the significance of technological breakthroughs in driving down production costs to make green hydrogen competitive with fossil fuels ??
• The conversation delved into the transformative potential of green hydrogen in diverse sectors, including #agriculture, energy production, and space exploration. Dr. Rausser highlighted the opportunities presented by green ammonia as a hydrogen derivative in #fertilizer production, emphasising the need to drive down costs to unlock its full potential ??
• Dr. Rausser said, “I would like to underscore the importance of creating the right policy landscape and incentives to accelerate the adoption of green hydrogen, and its potential to mitigate the adverse impacts of fossil fuel usage on #climatechange.” ???
• Addressing geopolitical and #economic implications, Dr. Rausser said, “Regional hydrogen production is essential in enhancing #energysecurity and promoting economic resilience, particularly in regions vulnerable to supply disruptions.” ??

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2. KfW IPEX-Bank provides financing for energy security and future hydrogen infrastructure in Germany

KfW IPEX-Bank provides financing for energy security and future hydrogen infrastructure in Germany - Hydrogen Central (hydrogen-central.com)

? Key takeaways:

• Transmission system operator bayernets GmbH is #investing EUR 210 million in the energy infrastructure in Bavaria, which will also improve Baden-Württemberg’s technical connection. KfW IPEX-Bank , Commerzbank AG and DZ BANK AG are each contributing a third of the sum ??
• The #investments will be used for the construction of the 40.5 kilometre-long gas pipeline, AUGUSTA, which will connect the Wertingen network node in the district of Dillingen an der Donau, located on the Danube, to the K?tz network node in the district of Günzburg. Right from the outset, the pipeline will meet the basic requirements for the #transportation of hydrogen, which will flow through the pipeline in the medium and long term ??
• AUGUSTA will be linked to the planned SoutH2 Corridor, which is a joint initiative of four European #transmission system operators from Germany, Austria and Italy. From 2030, green hydrogen will be transported from Algeria and Tunisia in North Africa to the Austrian-German border point at Burghausen via this conductor and then distributed in Germany via HyPipe Bavaria ??

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3. Canada’s clean hydrogen investment tax credits passed into law

Canada’s clean hydrogen investment tax credits passed into law | Policy | H2 View (h2-view.com)

? Key takeaways:

• Clean hydrogen investment #taxcredits proposed as part of Canada’s budget have been passed into law ??
• The CAD $5.6bn Clean Hydrogen Investment Tax Credit (ITC) was revealed last March. Now the Budget Implementation Act, 2024, has received Royal Assent, seeing the ITC and other measures pass into #law ?
• Offering between 15 and 40% of the investments for eligible #hydrogen projects, using a carbon intensity-based tier structure, the ITC is hoped to supercharge Canada’s hydrogen development. The rules also extend a 15% tax credit for equipment to convert clean hydrogen into ammonia for #transportation ??
• For green hydrogen producers looking to secure #support from the ITC, power purchase agreements (PPAs) allowing project owners to purchase #cleanelectricity from the grid will be eligible ?
• Trent Vichie founder and CEO of EverWind , which is developing a large-scale green ammonia project in Newfoundland, said the ITC’s passage was a “major step forward” Canada. “Having these incentives in place before US measures sends a signal to the world to choose Canada, which is exactly what we’ve done,” he said ??

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4. Energy Observer ends 68,000-mile global voyage at French home port

Energy Observer ends 68,000-mile global voyage at French home port | Mobility | H2 View (h2-view.com)?

? Key takeaways:

• The hydrogen-powered Energy Observer has returned to its home port of Saint-Malo, France, marking the end of its seven-year Odyssey around the #world ??
• Having set off in 2017, the #vessel sailed over 68,000 nautical miles throughout the Mediterranean, around Northern Europe, across the Atlantic, crossing the Pacific into Asia, around Africa and over to North America ??
• Seen as a floating lab, the Energy Observer is powered by #renewable energy, using solar panels, wind turbines, #electrolysis and fuel cells to generate and store energy ??
• Making 101 stopovers in 50 different companies, the company behind the vessel said the Odyssey demonstrated the viability of clean, renewable #technologies in “all possible conditions, from the cold of the Arctic to the heat of the tropics.” ??
• As this Odyssey comes to close, Energy Observer is already looking ahead to new adventures. Building on the initial developments, Energy Observer 2 will develop a liquid hydrogen-fuelled carbon #ship, to allow for “zero-emission navigation, while offering very high transport capacities and great autonomy.” ??

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5. Hydrogen fuel cell ebikes can be ‘recharged’ in seconds – New Atlas

Hydrogen fuel cell ebikes can be 'recharged' in seconds - New Atlas - Hydrogen Central (hydrogen-central.com)

? Key takeaways:

• While most #ebikes on the road today will come with a battery pack, some are riding down the hydrogen #fuelcell cycle path. HydroRide not only has fuel-cell ebikes available, but also a compact refill station to top up H2 canisters ??
• Swiss tech company HydroRide Europe AG is hoping to tempt e-cyclists over to the hydrogen fuel cell camp with the promise of super-fast top-ups for its range of city ebikes, and even has a compact hydrogen #generator in its product portfolio, which can produce 20 g of hydrogen from 200 ml of purified #water in around five-to-six hours ??
• The company says that its refill station can even be powered by #solar panels instead of the grid to produce green hydrogen ??
• Hydrogen is transferred to a 25-cm-tall (9.8-in) bottle-like container at an internal pressure of 1 MPa. Popping one of these containers into the frame of one of the company’s HYRYD ebikes feeds the onboard 180-W fuel cell and offers up to 60 km (37 miles) of range. Then it’s just a case of removing a spent container and replacing it with a fresh one, which is said to take just 3-10 seconds ??
• HydroRide currently has a low-step commuter ebike in its range, along with a sport model and a compact three-step folding city bike that weighs in at 19.5 kg (43 lb). Each features a rear hub #motor to provide pedal-assist to 23 km/h (14 mph) and reliable stopping power is provided by disc braking ??

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ATOME in the press ??

You can view ATOME announcements on our website here ?? : Regulatory News & Alerts - ATOME - The Commodities Of The Future, Today (atomeplc.com)

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