The Ministry of New and Renewable Energy (MNRE) under its National Green Hydrogen Mission has announced the ‘green hydrogen standard for India’. This has been marked as a crucial step for the advancement of the Mission. The Indian government has defined green hydrogen as hydrogen generated by utilising renewable energy sources, such as electrolysis or biomass conversion.
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FI Group Portugal has announced its support for six applications through a total financing of €90,555,270. The funding has been raised as part of government support for subsidising green hydrogen generation projects. The funding will account for more than 15 per cent of the chosen efforts designated for public finance.
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EDF Renewables has signed a MoU with the Ceará Government for boosting green hydrogen industry. This partnership intends to stimulate the green hydrogen production chain and propel solutions for sustainable energy. As a part of the MoU, EDF Renewables Brazil will conduct extensive research and analysis with the aim of building a green hydrogen generation plant.
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Copenhagen Infrastructure Partners (CIP), a Danish investment company, has confirmed plans to set up a large-scale green hydrogen plant in Mexico’s south-eastern Oaxaca region. This announcement was made just two days after President Andrés Manuel López Obrador revealed the initiative in a letter to US President, Joe Biden.
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The UK Government has chosen two green hydrogen projects being developed by SSE to advance to the last phase of its Net Zero Hydrogen Fund. The fund’s goal is to support the development and implementation of innovative low-carbon hydrogen production in order to lower investment risk and overall costs. The Department for Energy Security and Net Zero will commence negotiations.
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Advanced Ionics, a US-based provider of next-generation industrial electrolysers, has raised $12.5 million in Series A from bp and other investors. Some of the other investors include Mitsubishi Heavy Industries, GVP Climate, and Clean Energy Ventures. The funding will aid in the growth of Advanced Ionics, facilitating initial implementation of its Symbion water vapour electrolyser for heavy industry.
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Walmart has announced the opening of a green hydrogen plant in Santiago, Chile, at its Quilicura Distribution Centre. The project has been developed in collaboration with power generation company, Engie. The project considered an investment of around $15 million. The distribution centre will be allowed to use hydrogen energy cells in place of lead-acid batteries of 200 forklift cranes in its first phase.
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Australia does not have any federal laws in place that deal directly with hydrogen. There are existing funding mechanisms in place, as well as new announcements from the Labor government aimed at encouraging renewables development. The federal government has also taken the lead in trying to achieve harmonisation across the states in the regulation of hydrogen. This Legal Update provides a brief overview of the existing and planned legislation for hydrogen in Australia’s six states and two territories.
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In Denmark, Eurowind Energy intends to build five big land based energy facilities. The overall capacity of all the centres will be around 2.5 GW. According to the business, all five projects will include wind turbines, solar PV, batteries, and PtX hydrogen synthesis. In addition, the business intends to focus on integrating biogas and hydrogen refining into the centres.
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A recent White Paper found that industrial demand centres in Germany and the EU are ready to offtake five million tonnes of green hydrogen per year at present, with an addressable market of up to 27 million tonnes annually in the long term. In May (2022), the European Commission unveiled its REPowerEU plan which had ambitions of producing 10 million tonnes of renewable hydrogen annually, while importing a further 10 million tonnes.
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The private sector has played an important role in facilitating investment into the budding industry – last year, five South Korean conglomerates jointly announced plans to invest over $US38 billion into the hydrogen economy by 2030 and that is set to continue, not just in terms of financing, but through the provision of critical knowhow and technical guidance.
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The paper outlines how an expanded renewable energy sector within Europe is fundamental for energy security, and the need to speed up and scale up onshore and offshore wind production across Europe. It reaffirms green hydrogen as the backbone for a decarbonized and more secure European energy supply.
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Governments around the world are looking to accelerate and broaden the scope of their renewables programs to help reduce their reliance on imported energy at this volatile and unpredictable time. Here, key developments within 10 markets that are taking interesting and varied approaches to trying to secure their energy supplies are explored — from the tripling of onshore wind and solar in Germany to green hydrogen investment in India.
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Masdar has inked two agreements with Azerbaijan to develop 4 GW of clean and renewable energy projects. The company’s agreements with the Ministry of Energy of Azerbaijan offer the possibility of developing an additional 6 GW in a second phase, raising the total production capacity of the projects to 10 GW.
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RWE, a German energy company, has agreed to acquire the 1.4 GW Magnum gas-fired power plant in the Netherlands from Vattenfall for $534 million. Magnum has been in operation since 2013 at Eemshaven, in the Dutch province of Groningen. Reportedly, the power plant is ‘hydrogen-ready,’ which means it can run on hydrogen partially or completely.
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This paper sets out key policy recommendations to accelerate this transition, tackling key challenges of the transition including methane leakage and gas blending. This paper also examines the role of hydrogen in this transition, how to grow the hydrogen sector to meet the needs of a net zero economy and prioritise its use to deliver rapid emissions reductions.
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ADNOC, a UAE-based energy company, announced its acquisition of a 25 per cent share in bp’s blue hydrogen project, H2 Teesside, during the design stage. Masdar, the Abu Dhabi-based renewable energy company, signed a Mou to acquire a stake in bp’s proposed green hydrogen project, HyGreen Teesside. The project will now be advanced by ADNOC’s first investment in the UK, initially to the next level of design, the pre-FEED stage.
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Iberdrola, a Spanish energy company, has committed to invest €3 billion in green hydrogen as part of its initiatives to speed up the European Green Deal. The European Green Deal, first agreed upon in 2020, aims for a 55 per cent reduction in greenhouse gas emissions by 2030 and for Europe to achieve climate neutrality by 2050. At the World Economic Forum in Davos, Switzerland, Iberdrola’s chairman announced the investment plan.
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Copenhagen Infrastructure Partners (CIP), a Danish energy investment company, has announced plans to develop an artificial hydrogen island in the Danish North Sea by 2030. The BrintØ hydrogen island will be used primarily for large-scale green hydrogen production from offshore wind. The project will be developed on the Danish part of Dogger Bank in the North Sea and will be connected to a 10 GW offshore wind power project.
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Hydrogen is expensive to distribute via shipping and pipeline, which is why today the large majority of it is manufactured at the point of consumption. Realistically, is Europe going to be willing to pay that very significant price difference? North African governments and firms should therefore be wary of promises of large export markets for expensive to manufacture and ship green hydrogen, and the synthetic fuels made from it.
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