More than 1.5GW of green hydrogen projects will be built in Europe by the end of 2023 on the back of government incentive schemes that will be launched this year, according to UK-based energy analyst Delta-EE.
Verdagy, a green hydrogen developer with electrolyzer technology, has raised US$25 million to scale its technology from TDK Ventures who led the funding with participation from Orbia Ventures, BHP Ventures, Doral Energy Tech Ventures, Khosla Ventures, Shell Ventures, and Temasek.
In producing green hydrogen, alkaline electrolyzer and proton exchange membrane (PEM) electrolyzer are the two dominant technologies. Researchers at the Korea Institute of Science and Technology (KIST) claimed to have made a huge breakthrough with an anion exchange membrane that’s not only much cheaper than current proton exchange technology but offers some 20% better performance.
The rapid growth of the global hydrogen economy as part of the worldwide energy transition is set to reshape global trade and redefine bilateral energy relations as the emergence of new hydrogen exporters and users change the geopolitical landscape, according to a new analysis by the International Renewable Energy Agency (IRENA).
Dramatic drops in the price of electrolysers, combined with low-cost renewable energy, can enable green H2 to be the cheapest form of hydrogen (US$1/kg, with sub-US$2/kg in many countries) by 2030, the analyst Wood Mackenzie says in a new report.
French energy company Engie and Abu Dhabi-based renewable energy business Masdar have established a strategic alliance focused on developing projects related to green hydrogen.
Namibia – Hyphen to build US$9.4 billion complex producing 300,000 tonnes green hydrogen annually [Full subscriber]
The government of Namibia intends to appoint Hyphen Hydrogen Energy (Pty) Ltd as the preferred bidder to develop a USD-9.4-billion (EUR 8.1bn) large-scale vertically integrated green hydrogen project in the Tsau //Khaeb national park.
The oil giant Shell has started operations at what it claims is Europe’s largest polymer electrolyte membrane (PEM) electrolyser, producing “green” hydrogen at its Energy and Chemicals Park Rheinland, in Germany.