Hydrogen

• [New] In the UK, the National Grid is currently testing the conversion of the gas network to hydrogen, possibly completing the transition by 2035.
• [New] ESB plans to invest in a green hydrogen production, storage and generation facility at the Co Clare site towards the end of the decade.
• [New] Volvo will start manufacturing the first concept vehicles and machines with steel from SSAB using hydrogen already in 2021.
• [New] Volvo plans in 2021 to start the production of concept vehicles and components from steel made by SSAB using hydrogen.
• [New] In partnership with Wood, a global consulting and engineering company, Honeywell UOP will integrate Wood's hydrogen plant technology with the Ecofining unit design to produce hydrogen from renewable feedstocks.
• [New] On logistical grounds, LNG currently looks a better bet than hydrogen, but big projects are planned in northwest Europe that will produce hydrogen using power from offshore wind farms.
• [New] Increasing awareness of hydrogen in the Middle East and development of long term energy plans will favor the product adoption in Latin America.
• [New] Announcement of subsidies on fuel cell vehicles in countries including China will support increase the production of hydrogen powered vehicles, fueling it as a major energy source.
• [New] Plug Power intends to commit €160 million ($200 million), and Chart Industries and Baker Hughes each intend to commit €50 million respectively ($60 million), recognising the unique value proposition that FiveT will bring to the hydrogen sector.
• [New] Well before 2050, zero-carbon steel could be produced by using hydrogen as the reduction agent rather than coking coal, or by adding carbon capture and storage to traditional blast furnaces.
• [New] The International Renewable Energy Agency, for its part, said in December that it could take another 10 years for green hydrogen to compete with the cost of fossil fuel alternatives.
• [New] The question of the decade is whether the development of hydrogen will result in a decentralisation or a new set of dependencies like with oil exporting and consuming nations.
• [New] The European Union is aiming to push hydrogen's share of its energy supply from two percent currently to 12-14 percent by 2050 and is encouraging cooperation.
• [New] Governments are racing to incentivise projects for domestic and export green hydrogen markets-working hard to attract the billions of dollars expected to be invested over the coming years.
• [New] Combined heat and power systems (CHP), for example, could supply clean power and heat energy to individual building complexes.
• [New] The research team presents the results of case studies for green hydrogen, hydrogen produced by electrolysis powered by renewable electricity, deployment in Northern Ireland in 2030.
• [New] Kinder Morgan sees opportunities in developing its ability to move what it calls the fuels of the future - renewable natural gas and hydrogen.
• [New] Spending $15 billion in demonstration projects that will be key for tackling climate, like utility-scale energy storage, carbon capture and storage, hydrogen, advanced nuclear, rare earth element separations and floating offshore wind.
• Based on projected power and energy capacity capital costs for 2050, hydrogen storage with up to 2 weeks of discharge duration is expected to be cost-effective in future power systems.
• The cost of green hydrogen could be about 50% lower than current rates for use as a fuel by 2050.
• The cost of green hydrogen could be less than $ 2/kg by the end of the decade, making it competitive against other fuels.

Last updated: 11 April 2021