Weekly News Round Up 27/10

WEEKLY NEWS ROUND UP

Welcome to our Weekly News Round Up! Hopefully you have some spooky activities planned this weekend! ??????

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

1. UK Hydrogen – Energy Act – New laws passed to bolster energy security and deliver net zero -

UK Hydrogen - Energy Act - New laws passed to bolster energy security and deliver net zero - Hydrogen Central (hydrogen-central.com)

?? Key takeaways:

• The biggest piece of energy #legislation in the UK’s history became law on Thursday 26 October, laying the foundations for an #energy system fit for the future ??
• The Energy Act 2023 has received Royal Assent and will transform the UK’s energy system by strengthening #energysecurity, supporting the delivery of #netzero and ensuring household bills are affordable in the long-term ??
• The Act will help the government deliver net zero by 2050 in a pragmatic, proportionate and realistic way. It updates Ofgem ’s remit so that it considers net zero targets as part of its everyday decisions and facilitates the first large village #hydrogen heating trial – providing crucial evidence on the technology’s role in #decarbonising heat ??
• Andrew Bowie , Minister for Nuclear and Networks, said: “The Energy Act is a statement of intent to support a flourishing British nuclear and low-carbon energy sector” ??
• The passing of the Bill has been a priority for the hydrogen industry as it will lay the foundations for the UK’s future #hydrogeneconomy, by creating provisions for a Hydrogen Production Business Model, and Hydrogen Transport and Storage Business Models.? This firmly indicates to the global hydrogen economy and international #investors that the UK is serious about its net zero future, and the role hydrogen can play in it. ??
• Clare Jackson , CEO of Hydrogen UK , said: “Today’s news is warmly welcomed by the UK’s low carbon hydrogen industry, and adjacent sectors who rely on hydrogen for their own decarbonisation journey” ??

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2. Up-to-2.5GW green hydrogen hub in Australia ‘to begin construction early next year’ after $45m federal grant

Up-to-2.5GW green hydrogen hub in Australia ‘to begin construction early next year’ after $45m federal grant | Hydrogen news and intelligence (hydrogeninsight.com)

? Key takeaways:

• The Australian government says it has “reached agreement” to invest A$69.2m ($43.7m) in a hydrogen hub that will see #greenH2 produced, stored underground and piped to a local port, with a view for export to Japan and Singapore ??
• In a pre-recorded speech shown to delegates at the Asia-Pacific Hydrogen Summit in Sydney today, federal #climatechange and energy minister Chris Bowen said that #construction on the first phase would now begin on the Central Queensland Hydrogen Hub (CQ-H2) “early next year” ??
• Bowen said that the hub will produce 36,000 tonnes of #greenhydrogen annually by 2027, and 292,000 tonnes by 2031 for export. “This is the equivalent of fuelling more than double Australia’s heavy-vehicle fleet,” he said ??
• The project is being led by Queensland’s government-owned power company Stanwell Corporation Limited , and co-developed by Japanese companies Iwatani Corporation , Kansai Electric Power Co., Ltd , Marubeni Corporation , and Singapore headquartered Keppel Infrastructure ??
• “Australia’s hydrogen industry is projected to generate A$50bn in additional GDP by 2050, creating tens of thousands of #jobs in regional Australia as Australia transforms to a #renewable energy superpower,” said a federal government press release ??

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3. Solaris agrees to deploy hydrogen-powered Urbino 12 buses in Krefeld

Solaris agrees to deploy hydrogen-powered Urbino 12 buses in Krefeld | Mobility | H2 View (h2-view.com)

? Key takeaways:

• Solaris has announced it will supply German-based public transport operator SWK MOBIL GmbH Krefeld with 10 Urbino 12 hydrogen-powered buses ??
• The #zeroemission vehicles will be deployed in the city of Krefeld by May, 2025, with the first three being delivered by the end of 2024 and the remaining seven in 2025 ??
• Olivier Michard , Member of Solaris Board responsible for Sales and Marketing, said, “The development of hydrogen-powered buses is gaining momentum, and Solaris proudly stands as a leader in driving this change. I congratulate SWK Mobil Krefeld on their #strategic decision to invest in a cleaner and better future for the region’s residents.” ??

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4. Wales & West Utilities secures funding to develop the next generation of green hydrogen electrolyser prototypes

Wales & West Utilities secures funding to develop the next generation of green hydrogen electrolyser prototypes - Hydrogen Central (hydrogen-central.com)

? Key takeaways:

• Wales & West Utilities is partnering with global hydrogen company, HydroStar, to produce the innovative #electrolyser prototypes, which use unpurified #wastewater from processes or rooftops to reduce the cost and impact of green hydrogen. The technique will remove rare metals from the design and use a green, non-corrosive electrolyte which can be adjusted to suit specific types of wastewater ??
• These prototypes will allow less pure water, like rainwater, storm overflow and industrial process wastewater to be used as feedstock, reducing input costs and widening the potential locations where #greenhydrogen could be produced ?
• Using industrial process wastewater could also encourage colocation of production sites, using wastewater to generate hydrogen that powers the onsite process itself. This offers a closed-loop solution, further enhancing the #environmental and financial benefits ??
• Matthew Hindle , Head of Net Zero and Sustainability at Wales & West Utilities, added: “This technology has huge potential to support our plans to deliver low-carbon hydrogen for industry, power generation and homes in Wales and the south-west of England, and delivering a cost effective net zero system for customers.” ?
• This phase of the project will run until the end of March 2024. This project is funded by energy network users and consumers through the Strategic Innovation Fund, a programme from the UK’s independent #energy regulator Ofgem managed in partnership with Innovate UK ??

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5. A single developer sweeps 80% of budget from Denmark’s first green hydrogen and derivatives tender

A single developer sweeps 80% of budget from Denmark’s first green hydrogen and derivatives tender | Hydrogen news and intelligence (hydrogeninsight.com)

? Key takeaways:

• The Danish government has today announced six #projects nearly 280MW in combined capacity have won #subsidies from its first DKK 1.25bn ($177m) tender for green hydrogen and derivatives ??
• This includes a combined DKK 1bn towards three projects by a single developer, European Energy , accounting for more than 80% of the cash awarded ??
• Once the developers have accepted the subsidies, the developers have four years to start operations, although the Energistyrelsen anticipates most of these to start #production sooner ?
• The largest of these is European Energy’s 150MW green hydrogen-based e-fuels plant in Padborg, which received a ten-year fixed subsidy of DKK 46/GJ (equivalent to DKK 5.52/kg or $0.78/kg), or a total of DKK 910m from the budget ?
• European Energy has also received subsidies towards smaller scale projects, such as a 9MW second phase of its green hydrogen project in M?de and a 10MW expansion of its planned, now-60MW e-methanol facility in Kass?, which is set to be opened next year with offtake lined up from shipping giant 马士基 , pharmaceuticals firm 诺和诺德 , toymaker the LEGO Group , and retailer Circle K ??

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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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