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Study finds future-fuel demand for shipping industry equal to entire current global production of renewables

Green Car Congress

Huge and immediate need for renewable-based fuels in shipping represents opportunity for investors, according to ‘Fuelling the Fourth Propulsion Revolution’ report released today. Particular opportunity for the Global South identified as net-zero fuel production costs expected to be up to 20% lower in Latin America and Africa.

Renewable 210
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Monash study on solar-driven electrolysis for green hydrogen production cautions on life-cycle emissions and EROI

Green Car Congress

Researchers at Monash University in Australia have conducted a lifecycle analysis and net energy analysis (LCA/NEA) of a hypothetical large-scale solar-electrolysis plant for the production of green hydrogen. of hydrogen is currently produced via water electrolysis and only a fraction of this production is powered by renewable energy.

Solar 459
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bp and Oman form strategic partnership to progress significant renewable energy and hydrogen development

Green Car Congress

bp and the Ministry of Energy and Minerals in Oman signed a Strategic Framework Agreement (SFA) and a Renewables Data Collection Agreement which will support the potential development of a multiple gigawatt, world-class renewable energy and green hydrogen development in Oman by 2030.

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3 Oil Majors That Bet Big On Renewables

Green Car Congress

Despite the much-vaunted megatrend involving the global electrification drive and shift to renewable energy , the most ambitious pledges by Big Oil to pursue net-zero agendas remain weak at best. But Total is not just content to compete in the traditional renewable energy arena of wind and solar but is also giving Tesla Inc.

Oil 418
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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. Because it operates at high temperatures, the Bloom Electrolyzer requires less energy to break up water molecules and produce hydrogen.

Low Cost 397
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Solar to meet half of global electricity demand growth in 2024 and 2025

Baua Electric

Photo: Cypress Creek Renewables Global electricity demand is rising at its fastest rate in two decades, but solar is on course to meet half of demand growth, says the IEA. Global electricity demand is forecast to grow by around 4% in 2024, up from 2.5%

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

Green Car Congress

To generate the renewable electricity needed to feed production of green hydrogen, Cepsa will develop a 3GW portfolio of wind and solar energy projects with an additional €2-billion investment. It also has one of the highest wind and solar photovoltaic power generation and production capacity in Europe, and at the lowest cost.

Hydrogen 397