Big Moves
Plug Power and AGA sign 3 GW electrolyser supply deal
Plug Power has signed a memorandum of understanding (MOU) with Allied Green Ammonia (AGA) to deliver up to 3 GW of Plug electrolyzer capacity for AGA’s upcoming hydrogen to ammonia facility planned for the Northern Territory of Australia. AGA’s production facility is set to run a green ammonia process with a capacity of 2,500 metric tons per day. The gradual delivery of the 3 GW electrolyzer supply is planned to commence in the first quarter of 2027.
News
EGAT and Gulf Energy to develop 25 solar farms in Thailand
Gulf Energy Development Private Limited has finalised 25-year-long power purchase agreements (PPAs) with the Electricity Generating Authority of Thailand (EGAT) for the construction of 25 solar farms in the country. The planned solar farms will generate a combined capacity of 1,353 MW and are expected to offer a cost-effective solution compared to the current power tariff.
Interviews
The IRA is a historic legislation within the US and globally: Laura Lochman
We are now 18 months into the implementation of the IRA. We are able to assess it with more granularity now and observe how it is actually being implemented. Approximately 210,000 jobs have been created as a result of the IRA and the activities associated with it. We have also seen the announcement of investments exceeding $220 billion. There cannot be an energy transition without critical mineral inputs, and thus, it is a point of focus for us and for our partners and allies as well. We are planning to diversify the supply chains for clean energy technologies and critical minerals.
Opinion & Perspective
The G7 should set a goal to triple their renewable capacity
G7 members signed on to the pledge to triple renewable capacity at COP28. However, their collective targets would only deliver a doubling. This briefing shows what steps the G7 Ministerial Meeting on Climate, Energy and Environment should take to translate the high-level COP28 language into action. The 2024 G7 Ministers’ Meeting on Climate, Energy and Environment being held from 28-30 April, 2024 in Italy presents an opportunity for G7 leaders to set an example and build momentum for raised action worldwide.
Mega Trends & Analysis
Renewables to keep rising and coal to peak by 2030 in China: CEF
China will peak coal-use in 2023. CEF forecasts that China can peak then plateau in coal use over the six years to 2030, followed by a slow continued decline of 2% p.a. in coal use in absolute terms in China from 2030-2040, giving a 20% decline over the next decade. China’s electricity market is at the forefront of a transformative journey from traditional thermal power generation to robust expansion of renewable energy installations. China’s shift towards greener energy sources holds immense significance not only domestically but also in the global energy transition landscape.
Policy Watch
European Hydrogen Bank Pilot Auction Results
The first EU-wide auction (IF23 Auction) for the production of RFNBO (renewable fuel of non-biological origin) hydrogen was launched on 23 November 2023 and closed on 8 February 2024. The auction attracted 132 projects bids from 17 European countries. After evaluation, seven renewable hydrogen projects were selected and will receive nearly €720 million in project support from the Innovation Fund. Altogether, the selected projects will cover 1.5 Gigawatts electric (GWe) of electrolyser capacity, and produce a total volume of 1.58 million tonnes of RFNBO hydrogen over ten years.
Tech Talk
Clean flexibility is crucial to Europe’s energy transition
Clean flexibility will unlock system-wide decarbonisation as more wind and solar is deployed across the EU. As renewables grow rapidly in the EU, system flexibility needs are increasing. Flexibility is needed to balance the grid when weather dependent generation, such as wind and solar, exceeds or falls short of the amount of power being used. Making sure that flexibility is supplied by clean sources, rather than fossil fuels, is an essential part of keeping decarbonisation on track for EU targets.
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Webinars & Videos
Critical Materials for Scaling Up Hydrogen
Hydrogen is expected to grow sevenfold to support the global energy transition, eventually accounting for 10 percent of total energy by 2050. A scale-up of this magnitude will affect demand for critical materials, including minerals and metals, needed for hydrogen technologies— electrolyzers for renewable hydrogen, carbon storage for clean hydrogen, or fuel cells using hydrogen to power transport.
Knowledge Centre
Europe and Africa can become Green Partners: Brief
This brief concludes: Europeans are searching for secure sources of critical raw materials as global supply chains become increasingly contested. Some African governments wish to obtain greater benefit from this growing demand and are restricting the export of raw materials to force local value-addition, such as in-country processing and manufacturing.
Finance
State-Level Energy Storage Incentives in the US
As is often the case when new, clean energy technologies enter the market, those communities most in need of energy storage benefits are typically the communities that will find it hardest to access these benefits. For this reason, states are increasingly prioritising equity considerations when developing storage incentive programs. Although this may seem challenging from an economic perspective, examples of successful energy storage equity programs do exist, and best practices are beginning to emerge.
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This space is reserved for sponsored content and advertising banners. Sponsored content can include white papers, webinars, case studies, research reports and other relevant content. The advertising can be in the form of banners with links to the advertiser’s landing page. If you would like to promote sponsored content or advertise, please write to us at: marketing@reglobal.co