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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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Government and corporate net-zero commitments are pushing the steel industry to cancel out its emissions by 2050. Another 45% could come from recycled material, and the rest from a combination of older, coal-fired plants fitted with carbon capture systems and innovative processes using electricity to refine iron ore into iron and steel.

Hydrogen 221
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DOE to award $4M to 9 projects to recover rare earth elements from coal and by-products

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The Department of Energy (DOE) has selected nine projects to receive approximately $4 million in cost-shared federal funding to improve the technical, environmental, and economic performance of new and existing technologies that extract, separate, and recover rare earth elements (REEs) from domestic US coal and coal by-products.

Coal 150
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GE and Shenhua form coal gasification JV in China

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GE and Shenhua have agreed to form an industrial coal gasification joint venture to advance the deployment of “cleaner coal” technology solutions in China. The new company combines GE’s expertise in industrial gasification technologies with Shenhua’s expertise in coal gasification and coal-fired power generation.

Coal 186
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Nikola and KeyState partner to create low-carbon hydrogen value chain in PA

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Nikola Corporation and KeyState Natural Gas Synthesis , a clean hydrogen and chemicals production facility under development, are working together to create Pennsylvania’s first low-carbon hydrogen production value chain, which includes full integration of commercial carbon capture and storage.

Hydrogen 199
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China Energy invests $83.8M in Synthesis Energy Systems; 43.5% ownership

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China Energy, a Hong Kong-based limited liability corporation, has been formed by Zhongjixuan Investment Management Ltd. ZJX will assist SES in the development of new joint venture businesses to deliver energy based on lower cost/lower grade coals such as lignite. ZJX) of Beijing for the purpose of investing in SES.

China 218
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Australia Goes All-in on Green Hydrogen

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A few months later and some 800 kilometers up Queensland’s coast, Grand Prix corporate cosponsor Ark Energy aims to apply the same basic hydrogen and fuel-cell components—albeit scaled up more than 3,500 times. And while coal plants still supplied over half of Australia’s power in 2021, change is afoot. Why a hydrogen truck?

Australia 145
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GE and CPECC Sign Agreements with USTDA to Advance Commercial Scale IGCC in China

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This follows the memorandum of understanding signed between CPECC and USTDA in November as part of the US-China Clean Energy Announcements made by President Obama and President Hu in November 2009. The United States and China are two of the largest consumers of coal for industrial applications and power generation.