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H2 Green Steel has raised billions in 3 years: a case study of Industrial Project Finance

October 2, 2023 by Shravan Bhat and Asia Salazar

The financing of H2 Green Steel (H2GS), founded in 2020, can be taken as a template for capital intensive industrial first-of-a-kind projects that must raise billions quickly to build from scratch and go live. Shravan Bhat and Asia Salazar at RMI describe H2GS’s financing journey to reveal five key lessons for raising funds. Against the usual logic, large, diverse, equity investor pools can work (H2GS counts over 20 different equity investors). … [Read more...]

Filed Under: Energy, Hydrogen, Investment Tagged With: Boden, financing, H2GreenSteel, hydrogen, industry, investment, steel, Sweden

Could big U.S. subsidies for Hydrogen create perverse incentives, raise emissions?

September 29, 2023 by James Sallee

There is a danger that the U.S. Inflation Reduction Act (IRA) subsidies for hydrogen production (defined in provision 45V) may create perverse incentives that do not reduce emissions and may increase them. James Sallee at the Energy Institute at Haas explains why. The goal is to make “green” hydrogen powered by newly built clean energy. But what if the generously subsidised hydrogen is made from clean energy (new or not) that should be powering … [Read more...]

Filed Under: Energy, Hydrogen Tagged With: carbon, emissions, gray, green, grey, hydrogen, industry, IRA, subsidies, transport, US

Iron and Steel: how can Hydrogen and Direct Electrification replace fossil-based production?

September 4, 2023 by Karan Kochhar, Luis Janeiro and Francisco Boshell

Karan Kochhar, Luis Janeiro and Francisco Boshell at IRENA look at the decarbonisation of iron and steel. They account for about 7% of global energy–related carbon emissions. The authors explain what’s needed for green hydrogen and direct green electrification to take over from traditional fossil-based production. Many projects are in the pipeline, and the authors reference case studies like H2 Green Steel, SIDERWIN and Boston Metal. Though that … [Read more...]

Filed Under: Energy, Hydrogen, Industry Tagged With: BostonMetal, buildings, direct, electrification, H2GreenSteel, hydrogen, indirect, industry, innovation, IRENA, iron, SIDERWIN, steel, transport

Carbon Capture rates of 60% sound impressive. But rising carbon prices could still make you commercially unviable

July 4, 2023 by Chris Bataille

Mainstream scenarios state the unavoidable need for continued use of fossils through to 2050. For the world to stay within its carbon budget, that means the unavoidable need for carbon capture and plugging “fugitive” leaks. Chris Bataille at the Center on Global Energy Policy flags up the danger that new CCS projects with seemingly impressive capture rates of up to 60% may nevertheless become commercially unviable as carbon prices rise: that … [Read more...]

Filed Under: Carbon Capture, Energy Tagged With: abatement, CCS, CCUS, CDR, cement, chemicals, CO2, coal, emissions, Exxon, fertilisers, gas, hydrogen, IEA, investment, IPCC, iron, leaks, methane, Nucor, oil, Paris2050, steel

Russia’s war has exposed France and Germany’s energy policy differences. Can it also bring them together?

July 3, 2023 by Camille Lafrance and Benjamin Wehrmann

France and Germany combined account for 45% of EU GDP and 40% of energy consumption. No wonder they are the most influential EU members. But the Russia-induced energy crisis has forced both Paris and Berlin to expose and admit the differences in their national energy strategies, and that has made a search for a unified voice for Europe’s ambitious climate targets much harder to achieve, explain Camille Lafrance and Benjamin Wehrmann at CLEW. … [Read more...]

Filed Under: Energy, Policies Tagged With: electricity, Energy, EU, fossilfuels, France, Germany, hydrogen, interconnections, jobs, markets, Nuclear, policies, power, renewables, Russia, strategies, Ukraine

Clean Energy Innovation: investment continued to rise despite a turbulent 2022

June 29, 2023 by Simon Bennett

In a turbulent year, financially and geopolitically, investment in energy innovation still rose. Public spending on energy R&D grew by 10% in 2022 (estimated at $44bn), with 80% devoted to clean energy. Listed energy-related companies saw a similar rise. And early-stage venture capital investment reached a new high of $6.7bn. But risks remain, explains Simon Bennett at the IEA who summarises the innovation chapter in their latest “World … [Read more...]

Filed Under: Energy, Innovations Tagged With: automotive, CCS, Energy, finance, geopolitics, hydrogen, IEA, investment, private, public, renewables, Russia

Ammonia from water microdroplets: lab demonstrates cheap, low-tech production

June 14, 2023 by Adam Hadhazy

Very early stage research has discovered a new way of making ammonia cheaply, on a small scale (or large, if you want!), and with no harmful emissions, explains Adam Hadhazy writing for Stanford University. The process uses a cocktail of water, nitrogen gas, and a solid catalyst sprayed through a simple, low-tech instrument to make the ammonia. In contrast, the existing industry-standard Haber-Bosch process is energy intensive, large scale, and … [Read more...]

Filed Under: Energy, Hydrogen, Innovations Tagged With: ammonia, CO2, droplets, Energy, fertilisers, HaberBosch, hydrogen, innovation, nitrogen, water

EU’s 40% domestic Cleantech ambition: same target for Wind (easy) and Solar (hard) doesn’t make sense

June 12, 2023 by Giovanni Sgaravatti, Simone Tagliapietra and Cecilia Trasi

The proposed Net Zero Industry Act includes a target for the EU to manufacture domestically at least 40% of its cleantech deployment needs by 2030. That includes the key technologies of solar PV panels, wind turbines (onshore and offshore), EV batteries, heat pumps and hydrogen electrolysers. But it doesn’t make sense to have the same 40% target for all, explain Giovanni Sgaravatti, Simone Tagliapietra and Cecilia Trasi at Bruegel. The main … [Read more...]

Filed Under: Energy, HVAC, Hydrogen, Renewables, Storage Tagged With: batteries, cleantech, electrolysers, EU, EVs, GreenDeal, HeatPumps, hydrogen, NetZeroIndustryAct, offshore, onshore, panels, PV, solar, turbines, wind

U.S. EPA: new rules proposed for cutting Fossil Fuel-Fired Power Plant emissions

May 30, 2023 by Cy McGeady, John Larsen, Kyle Danish and Mathias Zacarias

In May the U.S. Environmental Protection Agency proposed new rules regulating carbon emissions from fossil fuel-fired power plants. Here, four experts from the Center for Strategic and International Studies – Cy McGeady, John Larsen, Kyle Danish and Mathias Zacarias – make their assessment and point at the wide-ranging implications. The main issues covered include CCS, hydrogen-fuelled generation, state clean energy standards, carbon pricing, … [Read more...]

Filed Under: Energy, Oil, Gas & Coal Tagged With: CCS, coal, costs, emissions, EPA, exemptions, fossils, gas, hydrogen, peaker, plants, prices, regulations, US

Financing Renewable Hydrogen globally: ramp up to 2030 only needs $150bn/year

May 26, 2023 by Dolf Gielen, Priyank Lathwal and Silvia Carolina Lopez Rocha

Dolf Gielen, Priyank Lathwal and Silvia Carolina Lopez Rocha at the World Bank present a thorough review of the pathway to financing global clean renewable hydrogen over the coming decades. The wind and solar that powers production will continue to get cheaper, and so will electrolyser costs as they scale up. Nevertheless, the total financing will still be considerable. World Bank analysis shows around $30tn between now and 2050 will be needed … [Read more...]

Filed Under: Energy, Hydrogen Tagged With: China, COP28, costs, electrolysers, EMDCs, EU, financing, Germany, green, H2Global, hydrogen, investment, NEOM, offtake, production, risks, US

Making Hydrogen direct from seawater using double-membrane electrolysis

May 24, 2023 by David Krause

Can hydrogen be produced from seawater? The standard method requires water to be purified, which is expensive to do and adds complexity to the device. David Krause at the SLAC National Accelerator Laboratory, Stanford University describes new research there that uses electrolysis and a double membrane directly on the seawater to separate out the chloride and isolate the hydrogen and hydroxides. The system operates without generating toxic … [Read more...]

Filed Under: Energy, Hydrogen Tagged With: chloride, chlorine, electrodes, electrolysis, hydrogen, hydroxides, membrane, seawater

Oil & Gas can meet 2030 net-zero target for only $600bn, quickly recouped. But it’s still not happening, warns IEA

May 22, 2023 by IEA

The IEA summarises its 33-page report “Emissions from Oil and Gas Operations in Net Zero Transitions”. The IEA says the oil and gas sector needs ÂŁ600bn up front to meet its 2030 target of a 60% reduction in emissions. That’s only 15% of the sector’s record 2022 energy-crisis windfall income. A small price increase and savings should recoup that money “quickly”, says the IEA. The IEA not only maps a way to limit the global average temperature rise … [Read more...]

Filed Under: Energy, Oil, Gas & Coal Tagged With: CCUS, CDR, electrification, emissions, flaring, gas, hydrogen, IEA, intensity, methane, NZE, offsets, oil, scenarios

4 CEOs explain their innovations: EV charging, aviation fuel, hydrogen fuel cells, nuclear waste-to-energy

April 26, 2023 by Robin Pomeroy and Kate Whiting

To meet our global climate targets, new solutions, technologies and pathways will be needed. Existing technologies, on their own, can’t be scaled up fast enough to do it. Robin Pomeroy and Kate Whiting at the World Economic Forum pick out highlights from their podcast that hears from four CEOs of innovative companies, covering EV charging, aviation, hydrogen fuel cells, and new nuclear. Today’s millions of EV charging points needs to rise to 450m … [Read more...]

Filed Under: Energy, Innovations Tagged With: aviation, charging, costs, EVs, fuel, fuelcells, hydrogen, innovation, Nuclear, SAF, waste

Should U.S. DOE risk funding methane-based Hydrogen production when CCS is still not proven?

March 27, 2023 by Suzanne Mattei, David Schlissel and Dennis Wamsted

The U.S. Department of Energy (DOE) is allocating $8bn for building regional clean hydrogen hubs. Decisions on who to fund are being made now and will be completed by the end of this year. Any methane-based hydrogen project that achieves a 95% carbon capture rate will be sufficiently “clean” to qualify for the federal funding. But, as Suzanne Mattei, David Schlissel and Dennis Wamsted at IEEFA explain, the few “at scale” CCS projects now running … [Read more...]

Filed Under: Carbon Capture, Energy, Hydrogen Tagged With: CCS, CDR, commercialisation, funding, hubs, hydrogen, methane, US

Hydrogen’s innovation pipeline: signals strong ahead of World Hydrogen Summit in Rotterdam, May 9-11, 2023

March 21, 2023 by Ian Shine

The IEA and the European Patents Office have, for the first time, reported on patents filed worldwide to get a measure of the innovations we’re seeing in the hydrogen sector, summarised here by Ian Shine. Overall, Europe and Japan are leading. Although the U.S. is a close third, with 20% of the total, their filings have declined compared to the previous decade. The fastest growth is in China (15.2%) and South Korea (12.2%). There has been a … [Read more...]

Filed Under: Energy, Hydrogen Tagged With: automotive, aviation, China, Distribution, electrolysis, Europe, hydrogen, IEA, industry, iron, Japan, patents, rail, shipping, SouthKorea, steel, storage, transport, US

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  • EU Energy Outlook to 2060: how will power prices and revenues develop for wind, solar, gas, hydrogen + more by Alex Schmitt | posted on December 6, 2022
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  • Belgium: commercially viable Rooftop Solar for social housing. No installation subsidies, lower bills
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      Recent Posts

      Scaling up global grid-scale Storage to 80GW/year (it was 16GW in 2022)

      H2 Green Steel has raised billions in 3 years: a case study of Industrial Project Finance

      Could big U.S. subsidies for Hydrogen create perverse incentives, raise emissions?

      Belgium: commercially viable Rooftop Solar for social housing. No installation subsidies, lower bills

      Concrete supercapacitor: works like a battery, much cheaper, easy to make

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