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Equinor and RWE to develop hydrogen-fired power plants in Germany, Norway-to-Germany hydrogen pipeline

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Norwegian state-owned energy company Equinor and Germany-based energy company RWE have agreed to work together to develop large-scale value chains for low carbon hydrogen. The cooperation has these main building blocks: Construction of new gas power plants (CCGTs), contributing to Germany’s phase-out roadmap for coal.

Norway 468
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BloombergNEF reports 11% year-on-year rise in renewable energy financing in the first half of 2022, for a total of $226B

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Global investment in renewable energy totaled $226 billion in the first half of 2022, setting a new record for the first six months of a year, according to Renewable Energy Investment Tracker 2H 2022, a new report published by research firm BloombergNEF (BNEF). billion raised—up 63% on the previous year.

Financing 243
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RWE and ArcelorMittal intend to build and operate offshore wind farms and hydrogen facilities for low-emissions steelmaking

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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
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Calor introduces Neste BioLPG to the UK market; targeting fully renewable by 2040

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Propane-rich off-gas is produced during Neste’s NExBTL renewable diesel process; the gas is usually recovered during the Stabilization and Recycle stages of the process. BioLPG is Calor’s first renewable product offering that sees the company commit to reducing its carbon footprint and to become fully renewable by 2040.

Renewable 170
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bp and thyssenkrupp Steel to advance the decarbonization of steel production; low-carbon hydrogen and renewable power

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bp and thyssenkrupp Steel have signed a memorandum of understanding (MoU) focused on the development of long-term supply of low-carbon hydrogen and renewable power in steel production, helping accelerate the steel industry’s wider energy transition. This will increasingly require the use of electricity from renewable sources.

Hydrogen 170
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Wolfspeed and ZF partner for future SiC semiconductor devices; new R&D center, new 200mm fab

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The partnership also includes a significant investment by ZF to support the planned construction of the world’s largest 200mm Silicon Carbide device fab in Ensdorf, Germany. The strategic partnership includes a joint research facility in Germany that will focus on real world e-mobility and renewable energy system level challenges.

Future 259
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BASF co-locates battery materials plant and recycling center in Schwarzheide

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BASF has opened Europe’s first co-located center of battery material production and battery recycling in Schwarzheide, Germany. The new plant is not only the first production facility for high-performance cathode active materials in Germany, but also the first fully automated large-scale cathode active materials production facility in Europe.

Battery 195