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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. Due to the abundance of sun and wind in the Iberian Peninsula, the International.

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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. —Snam CEO Marco Alverà.

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Volkswagen Group’s PowerCo breaks ground on second cell gigafactory

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Gigafactory Valencia will start production of the unified cell in 2026 and will directly employ more than 3,000 people in the future, with a further up to 30,000 indirect jobs potentially being created at suppliers and partners in Spain according to a recent study. PowerCo is aiming to manufacture sustainable batteries in Valencia.

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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. Steel accounts for 8 to 11% of global CO 2 emissions.

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Rystad Energy expects strong growth in hydrogen pipelines through 2035

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Hydrogen pipelines are already used to supply industrial hubs (at petrochemical plants for example). Globally, Europe is at the forefront of efforts to produce and import green hydrogen and its attention is now turning to building the necessary infrastructure to get it to demand centers. France, Spain, and Germany.

Hydrogen 531
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Global Wind Power Capacity Grew 28.8% in 2008; 120.8 GW Total

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Global wind energy capacity grew by 28.8% last year, even higher than the average over the past decade, to reach total global installations of more than 120.8 GW at the end of 2008, according to the Global Wind Energy Council. The US has now officially overtaken Germany (23,902 MW) as number one in wind power.

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7 companies launch Green Hydrogen Catapult to increase green H2 production 50-fold over next 6 years

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Green hydrogen is produced by using renewable energy (wind and solar) to power electrolysis that splits water into its constituent parts. It is now estimated that green hydrogen could supply up to 25% of the world’s energy needs by 2050 and become a US$10-trillion addressable market by 2050. degrees Celsius.

Green 321