Remove Carbon Remove Financing Remove Germany Remove Wind
article thumbnail

RWE and ArcelorMittal intend to build and operate offshore wind farms and hydrogen facilities for low-emissions steelmaking

Green Car Congress

Energy company RWE and steel producer ArcelorMittal have signed a memorandum of understanding to work together to develop, build and operate offshore wind farms and hydrogen facilities that will supply the renewable energy and green hydrogen required to produce low-emissions steel in Germany.

Wind 195
article thumbnail

BNEF: wind and solar boost cost-competitiveness versus fossil fuels

Green Car Congress

This year has brought a significant shift in the generating cost comparison between renewable energy and fossil fuels, according to detailed analysis by technology and region, published this week by Bloomberg New Energy Finance. In the US, coal and gas are still cheaper, at $65 per MWh, against onshore wind at $80 and PV at $107.

Wind 150
article thumbnail

“Project Volt Gas Volt” proposes long-term financing plan to support widespread implementation of power-to-gas systems

Green Car Congress

Project Volt Gas Volt is based on a long-term financing plan and the use of existing technologies for the large-scale conversion of surplus renewable electricity to methane, with subsequent reuse. ETOGAS (formerly SolarFuel) in Stuttgart, Germany, has built a 250 KW demonstration plant for this method. Diagram: Isabelle Plat.

Volt 334
article thumbnail

TECO 2030 aims to build hydrogen fuel cell gigafactory in Norway

Green Car Congress

Financing alternatives are being evaluated. TECO 2030 is a partner in the project Green Hydrogen @ Blue Danube, together with players such as Siemens, Bosch, AVL and Verbund, where hydrogen generated from solar and wind power will be produced in Romania and transported on barges along the Danube to industrial buyers in Austria and Germany.

Norway 468
article thumbnail

Siemens presents three-point plan for implementing cost-efficient energy transition in Germany

Green Car Congress

Relying on a higher share of efficient, low-emission combined cycle power plants and wind energy could save €150 billion (US$200 billion) by 2030 while attaining the same CO 2 targets, Siemens says. The country should give greater priority to high-efficiency combined cycle power plants and wind power, the company suggests.

Germany 239
article thumbnail

Haldor Topsoe and Aquamarine enter MoU for green ammonia facility based on SOEC electrolysis

Green Car Congress

Driven by our vision to be recognized as the global leader in carbon reduction emission technologies by 2024, we are excited by our low-carbon solutions and attractiveness for our customers. The company is built upon decades of experience across many industries including energy transactions, infrastructure finance, and banking.

Green 186
article thumbnail

Vattenfall may provide hydrogen for Preem large-scale biofuel project

Green Car Congress

Preem’s objective is to produce three million cubic meters (793 million gallons US) of renewable fuel yearly by 2030, which would account for the bulk of the reduction in carbon dioxide emissions in the Swedish transport sector. Preem and Vattenfall will set up a work group and pilot study which are financed by both parties.

Hydrogen 150