Tag: blue hydrogen

Hydrogen Development and Collaboration between Saudi Arabia and Germany

Saudi Arabia’s Energy Minister and Germany’s Minister for Economic Affairs and Energy signed a Memorandum of Understanding (MoU) in March 2021 to encourage bilateral cooperation in the production, processing, application, and transportation of renewable and low-carbon hydrogen. These efforts should help Saudi Arabia develop a hydrogen-based energy sector, promote the use of German technologies, and facilitate the development of a hydrogen market in Germany and elsewhere.

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ADNOC and Masdar to join bp’s UK hydrogen projects

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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 The Risks of Investing in Blue Hydrogen for Europe

Elevated gas prices and a future tight market means blue hydrogen is no longer a low-cost solution; IEEFA estimates that blue hydrogen costs published by the UK government last year are now 36% higher, calling into question continued policy support for development of the technology. Blue hydrogen is an extension of the gas value chain and does not make sense as an investment during a gas price crisis.

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Hydrogen – 10 Predictions for 2022

If 2021 was a defining year for clean hydrogen, hold on to your hats for 2022. Electrolyzer sales are projected to quadruple this year — driven by the Chinese, U.S. and European markets — and clean hydrogen demand from industry is set to exceed use in cars several times over. Meanwhile, capitalizing on investor enthusiasm, a flurry of hydrogen companies will go public this year, and more than 20 countries are expected to release a national hydrogen strategy.

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Global Hydrogen Review 2021

The time is ripe to tap into hydrogen’s potential contribution to a sustainable energy system. Today, 17 governments have released hydrogen strategies, more than 20 governments have publicly announced they are working to develop strategies, and numerous companies are seeking to tap into hydrogen business opportunities. Such efforts are timely: hydrogen will be needed for an energy system with net zero emissions.

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Four gas TSOs plan a hydrogen corridor in Europe

Four gas transmission system operators (TSOs) across Europe will be collaborating on establishing a hydrogen highway through Central Europe, known as the Central European Hydrogen Corridor. The corridor network is expected to facilitate the movement of up to 120 GWh of pure hydrogen per day from Ukraine to Germany by 2030. The participating firms include Eustream, a Slovak gas TSO, Gas TSO of Ukraine, the Czech gas TSO Net4gas and the German TSO, Open Grid Europe GmbH.

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If data is the new oil, is Hydrogen the new gas?

Reducing the cost of green H2 depends crucially on two inputs: A combination of cheap RE and large-scale electrolysers reduces the cost of H2 by 75 per cent. Add in the potential for cheap financing via green bonds, expected to grow from issue volume of US $2 trillion this year to US $50 trillion by 2030, the possibility of government subsidies and the dream becomes an achievable tech-play.

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The way forward for hydrogen in ASEAN

The ASEAN Centre for Energy has published a report titled, “Hydrogen in ASEAN: Economic Prospects, Development and Applications”. The report analyses the need, potential, economics, roadmap and policy implications for the hydrogen sector in ASEAN. REGlobal provides an extract from the report.

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BP plans 1 GW hydrogen production facility in the UK

bp has proposed a large blue hydrogen production facility with a targeted capacity of 1 GW by 2030. The project, H2Teesside, would capture and send for storage up to two million tonnes of carbon dioxide per year. The project would be located in Teesside in north-east England which is in close proximity to North Sea storage sites, pipe corridors and existing operational hydrogen storage and distribution capabilities.

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Strategies for cost reduction of green hydrogen

Gaps in cost and performance are expected to narrow over time as innovation and mass deployment of different electrolysis technologies drive convergence towards similar costs. The wide range in system costs is expected to remain, however, as this is very much dependent on the scale, application and scope of delivery.

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