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IRENA sees renewable hydrogen at least cost-possible within decade

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Hydrogen produced with renewable electricity could compete on costs with fossil fuel alternatives by 2030, according to a new report from the International Renewable Energy Agency (IRENA). The report— Green Hydrogen Cost Reduction: scaling up electrolyzers to meet the 1.5 Source: IRENA.

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Cepsa to invest €3B in Andalusia to build the largest green hydrogen hub in Europe; additional €2B for renewable power

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Cepsa—the Spain-based multinational oil and gas company—will invest more than €3 billion to establish the Andalusian Green Hydrogen Valley, creating the largest green hydrogen hub in Europe in southern Spain. The company will build two plants with a total capacity of 2 GW to produce green hydrogen.

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ABB and Hynamics collaborate to lower green hydrogen production cost

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Hynamics, the hydrogen subsidiary of EDF group, has signed an agreement to collaborate with ABB and test the ABB Ability OPTIMAX for Green Hydrogen energy management system (EMS), which was launched to market in November 2022, across Hynamics’ plants to help optimize electrical costs of hydrogen production by up to 16%, according to ABB modeling.

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Honeywell develops new catalyst-coated membranes for more efficient and lower cost green hydrogen production

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Honeywell has developed new catalyst-coated membrane (CCMs) technology for green hydrogen production and will further test the technology with electrolyzer manufacturers.

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India-based ReNew Power, Egypt to invest $8B in green fuels production in Suez Canal zone

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The first phase will be in 2023-2025, with about $710 million targeted to produce 100,000 tons of green ammonia and 20,000 tons of green hydrogen. The site initially will be set on an area of 600,000 square meters in the Sokhna integrated Zone , bringing the production capacity of the two phases of green hydrogen to 220,000 tons and 1.1

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Diamond Green Diesel to boost renewable diesel capacity to 1.2B gallons/year; $1.45B expansion project

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Darling and Valero jointly announced that their 50/50 joint venture, Diamond Green Diesel (DGD), has received approval from both companies’ Boards of Directors to proceed with the construction of the renewable diesel production facility to be located at Valero’s Port Arthur, Texas refinery. billion gallons per year.

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Heliogen and Bloom Energy demonstrate production of low-cost green hydrogen; concentrated solar and high-temp electrolysis

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Heliogen and Bloom Energy have successfully demonstrated the production of green hydrogen by integrating the companies’ technologies: Heliogen’s concentrated solar energy system and the Bloom Electrolyzer. Electricity accounts for nearly 80% of the cost of hydrogen from electrolysis. Source: Heliogen.

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