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EIA expects significant increases in US wholesale electricity prices this summer

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The US Energy Information Administration (EIA) forecasts that prices in US wholesale electricity markets this summer will significantly increase over last summer’s prices. EIA forecasts summer electricity prices will average $98/MWh in California’s CAISO market and $90/MWh in the ERCOT market in Texas. MMBtu in May 2021.

Price 476
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Mercedes-Benz AG and H2 Green Steel secure supply deal and an MoU to establish N American supply chain

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Mercedes-Benz has signed a supply agreement with Swedish start-up H2 Green Steel (H2GS) ( earlier post ) over approximately 50,000 tonnes almost CO₂-free steel per year for its European press shops and deepened its partnership through a Memorandum of Understanding (MoU) with the aim to establish a sustainable steel supply chain in North America.

Supplies 170
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Kawasaki’s liquefied hydrogen carrier departs to pick up first cargo

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Kawasaki Heavy Industries’ Suiso Frontier , the world’s first liquefied hydrogen carrier, has left Japan to pick up its first hydrogen cargo in Australia. Supply chain demonstration framework. J-POWER) to form the CO 2 -free Hydrogen Energy Supply-chain Technology Research Association (HySTRA). IMO) standards, in early December.

Hydrogen 532
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Bosch to receive €160.7M in funding to support scale-up of solid-oxide fuel cell system production

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million from the federal government of Germany and the states of Baden-Württemberg, Bavaria, and Saarland for its project for the initial industrialization of stationary solid-oxide fuel cell (SOFC) systems:“Bosch Power Units”. The heart of the system is the SOFC stack, where chemical energy is converted into electrical energy.

Fuel 360
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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 is responsible for around 7% of man-made greenhouse gas emissions every year and is one of the world’s most polluting industries. Government and corporate net-zero commitments are pushing the steel industry to cancel out its emissions by 2050. The steel industry cannot afford to wait for the 2040s to start its transition.

Hydrogen 221
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ENEOS begins joint study with Origin on Japan-Australia green hydrogen supply chain; MCH as transport medium

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ENEOS Corporation and Origin Energy signed a memorandum of understanding to conduct a study on a potential business collaboration for the development of a CO 2 -free hydrogen supply chain between Japan and Australia. Specifically, Origin will focus on use of renewable energy supply and water electrolysis cells for hydrogen production.

Australia 221
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Electra raises $85M to advance Low-Temperature Iron process; electrochemical refining at 60?C

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Electra has raised $85 million to produce Low-Temperature Iron (LTI) from commercial and low-grade ores using zero-carbon intermittent electricity. By comparison, 69% of steel today is made at approximately 1,600 degrees Celsius (2,912 degrees Fahrenheit) using coal, emitting about two tons of carbon dioxide for every ton of steel produced.

Coal 360