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TECO 2030 aims to build hydrogen fuel cell gigafactory in Norway

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This will be the first volume production of fuel cells in Norway and a hub for the Norwegian hydrogen industry. We combine a best-in-class fuel cell solution with a long history of being a trusted engineering partner to leading companies in the global maritime industry. —Tore Enger, CEO of TECO 2030 ASA.

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EIA expects record global petroleum consumption in 2024, with lower crude oil prices

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The US Energy Information Administration (EIA) expects global consumption of liquid fuels such as gasoline, diesel, and jet fuel, to set new record highs in 2024. EIA also expects oil production in Canada, Brazil, and Norway collectively to grow 12% from 2022 to 2024, and also expects growth from new sources such as Guyana.

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Statoil to build the world’s first floating wind farm: Hywind Scotland

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Statoil has made the final investment decision to build the world’s first floating wind farm: The Hywind pilot park offshore Peterhead in Aberdeenshire, Scotland. The decision triggers investments of around NOK 2 billion (US$238 million), realizing a 60-70% cost reduction per MW from the Hywind demo project in Norway.

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EU investing €1.8B in 17 large-scale clean tech projects

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The selected projects are located in Bulgaria, Finland, France, Germany, Iceland, the Netherlands, Norway, Poland and Sweden. capture facilities at a cement plant with offshore permanent storage in a depleted gas field in the Black Sea, through an onshore and offshore pipeline system.

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FREYR and 24M sign licensing and services agreement for mass production of Li-ion battery cells; Glencore for raw materials

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FREYR AS and 24M Technologies signed a definitive License and Services Agreement to use 24M’s SemiSolid lithium-ion battery platform technology ( earlier post ) in FREYR’s planned facilities in Mo i Rana, Norway.

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Alcoa investing $51M to boost aluminum production at Mosjøen Smelter in Norway

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Alcoa Corporation announced a $51-million project to increase the production capacity at its Mosjøen smelter in Norway by 14,000 metric tons per year (mtpy). Amperage to the site’s two potlines will be increased via improved electrical infrastructure, including the installation of new high voltage cabling and switching equipment.

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What is Decarbonization?

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Decarbonization (or decarbonisation) is reducing the amount of carbon dioxide (CO2) released into the atmosphere as a component of greenhouse gas (GHG) emissions. The intent of decarbonization is to reduce the impact of human activity on our planet’s climate in order to slow global warming. Why is Decarbonization Critical?

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