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Volkswagen Group and SEAT will invest €10B in electrification in Spain given PERTE VEC acceptance

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will invest €10 billion, together with their partners in the Future: Fast Forward project, in the event of a positive resolution of their application to PERTE VEC. This is the biggest industrial investment ever made in Spain. Volkswagen Group will locate Spain’s first Gigafactory in Parc Sagunt II (Valencia).

Spain 150
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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.

Hydrogen 397
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BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

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This trend was already underway before the pandemic, due to cost-competitive gas in key sectors including power, industry and transport, and major regions including Europe, North America and Asia. The development of an international hydrogen market could also accelerate adoption. —Jon Moore, CEO of BNEF. MMbtu in Russia, $8.7/MMbtu

Gas 243
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Wärtsilä in US customer collaboration to test hydrogen blended fuel as a step towards decarbonized power plant operations

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The 55 MW plant currently operates with three Wärtsilä 50SG reciprocating internal combustion engines (RICE) running on natural gas. These hydrogen tests reinforce the viability of the internal combustion engine as a future-proof technology that plays a key role in decarbonizing the power industry. In addition to the A.J.

Hydrogen 170
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EEA: small increase in EU’s total greenhouse gas emissions in 2017, with transport emissions up for the fourth consecutive year

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Less coal was used to produce heat and electricity but this was offset by higher industrial and transport emissions, the latter increasing for the fourth consecutive year. Energy efficiency and renewable energy will continue to play a key role in cutting future emissions and helping the EU achieve its 40% reduction target by 2030.

2017 191
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Snam invests €33M in electrolyzer manufacturer ITM Power

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Within its strategy, focused on the development of the hydrogen value chain, Snam will be able to include ITM Power in projects for the development of green hydrogen through the use of PEM electrolyzers up to 100MW, also in collaboration with other operators at the Italian and international levels.

Power 243
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AIC Next Event to Explore Future of Automotive Sector

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AIC —Automotive Intelligence Center—in Bilbao, Spain is launching “AIC Next”, the objective of which is to analyze the future of the automotive sector in a different way. The automotive industry is facing one of the most dramatic periods of transformation in its history. always with an eye to the long term.

Future 186