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

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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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Mercedes-Benz to source CO2-free electricity in Germany from solar, wind and hydropower from 2022 onwards

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From 2022 onwards, the company will purchase electricity in Germany which comes exclusively from renewable sources. A green power supply contract ensures the purchase of electricity from renewable energy sources at all times. A green power concept of this type and scale is so far unique in Germany.

Wind 418
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First carbon-neutral lithium extraction project to start in Germany

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EIT InnoEnergy, the European innovation engine for sustainable energy, announced a partnership with Vulcan Energy Resources Limited (Vulcan), a start-up lithium exploration company, to produce the world’s first completely carbon-neutral lithium in Germany. —CEO of EIT InnoEnergy Germany, Christian Müller.

Germany 491
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Germany and Namibia form partnership for green hydrogen

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Kandjoze of Namibia’s National Planning Commission agreed to establish a hydrogen partnership between Germany and Namibia and signed a Joint Communiqué of Intent (JCoI). The global race for the best hydrogen technologies and the best sites for hydrogen production is already on. This is almost twice as much as Germany has to offer.

Namibia 337
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RWE and H2U partner to develop global hydrogen trading between Australia and Germany

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RWE Supply & Trading and Australian hydrogen project developer The Hydrogen Utility Pty Ltd (H2U) have joined forces to develop hydrogen trading between Australia and Germany. Furthermore, the planned LNG Terminal in Brunsbüttel, where RWE intends to book capacity, can be a location for the future import of hydrogen into Germany.

Australia 199
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UNSW Sydney to lead hydrogen supply chain study with Germany

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Australia and Germany have released national hydrogen strategies to help grow the development of renewable hydrogen as a clean source of energy. Rahman Daiyan, from the ARC Training Center for The Global Hydrogen Economy (GlobH2E), with local and global industry partners including Deloitte, Baringa Partners and MAN Energy.

Germany 210
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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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After growing by more than 2% in 2019, global gas use is set to fall by around 4% in 2020, as the COVID-19 pandemic reduces energy consumption across the global economies. The report shows that medium-term growth will come from increasing cost-competitiveness and increased global access to gas.

Gas 243