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The Metals Company and Low Carbon Royalties form strategic partnership

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Deepsea mining company TMC The Metals Company ( earlier post ) announced a strategic partnership with Low Carbon Royalties Inc. to finance the development and production of low-carbon fuels and energy transition metals. NORI and Low Carbon Royalties are a great fit.

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Study finds limiting warming to 2 °C would require at least a $200/t carbon tax globally

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Lloyd Distinguished Service Professor in Economics, and José-Luis Cruz of Princeton University assesses the local social cost of carbon (LSCC) and how that cost aligns with the carbon reduction pledges countries made under the Paris Agreement. The price of carbon should then be set at this price, everywhere.

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DOE awards $22.1M to 10 nuclear technology projects including clean hydrogen production

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million to 10 industry-led projects to advance nuclear technologies, including two aimed at expanding clean hydrogen production with nuclear energy. A well-established downstream syngas-to-synfuel conversion process, such as Fischer-Tropsch synthesis, converts the syngas to liquid synfuel for a total projected cost of less than $4/gallon.

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DOE awards $125M to bring clean energy technologies to market

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The US Department of Energy (DOE) is awarding a total of $125 million to support 110 clean energy technology projects (DE-FOA-0002381). Low Total Cost of Hydrogen by Exploiting Offshore Wind and PEM Electrolysis Synergies. Within that total, DOE’s Office of Energy and Efficiency and Renewable Energy (EERE) will award $57.6

Clean 334
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UK awards £28M for 5 demonstration-phase low-carbon hydrogen production projects

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As part of a larger £90 million (US$117 million) package of awards to cut carbon emissions in industry and homes, the UK is awarding £28 million (US$36.5 million) to five demonstration phase projects for low-carbon hydrogen production. HyNet – low carbon hydrogen plant. Contract value: £3.12 million (US$4.1 Contract value: £2.7

Hydrogen 386
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RUSAL opens new low-carbon aluminum smelter in Taishet

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Russia-based RUSAL, a global aluminum producer, opened the first phase of its low-carbon aluminum production plant, Taishet Aluminum Smelter (TaAZ), in Taishet, Siberia. TaAZ is the third low-carbon aluminum smelter to be built by RUSAL, with an overall cost of more than $1.69 Pre-operation verifications and testing have begun.

Carbon 186
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BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

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Steel production could be made with almost no carbon emissions through $278 billion of extra investment by 2050, according to a new report from research firm BloombergNEF (BNEF). Producing green steel from hydrogen and electric furnaces will require massive amounts of clean energy, and a shift to higher grades of iron ore.

Hydrogen 221