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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. The 2Q figure, at $3.9

Financing 243
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Mercedes-Benz Cars plants in Germany to be supplied with CO2-neutral energy from 2022

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In Germany, all Mercedes-Benz plants will be supplied with CO 2 -neutral energy. From 2022, the production of our Mercedes-Benz plants in Germany will operate CO 2 -neutral. Thereby, we completely forego coal-based electricity and obtain our electrical energy from only renewable sources.

Germany 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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Rolls-Royce makes Duisburg container terminal climate-neutral with mtu hydrogen technology

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A microgrid based on renewable energies with hydrogen-powered fuel cells for emergency and peak power as well as hydrogen combustion engines can meet the special energy requirements of port facilities. It will not only set new standards in cargo handling, but also in climate-friendly energy supply.

Hydrogen 459
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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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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

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Oil demand grew by less than 1%—the slowest rate amongst fossil fuels—while gas grew by 2.2%, and coal was the only fossil fuel with above average annual consumption growth at 5.4% The report also highlighted supply disruptions as one of the major energy events of the year. globally, and 8.4% in the emerging economies.

Coal 261