Hydrogen

In other news, Alstom tested its hydrogen train for long-distance transportation and the IEA released a report suggesting that hydrogen development may require an annual investment of around $60-130 billion through 2030.

Mahindra Group has agreed to sell a 30% equity stake in Mahindra Susten to the Ontario Teachers’ Pension Plan for around $300 million. The two parties have also agreed to set up an infrastructure investment trust so Mahindra Susten can strengthen its solar, hybrid energy, and integrated storage businesses, as well as its round-the-clock green energy plants.

As Siemens commissions Germany’s second largest electrolyzer at the Energy Park in Wunsiedel, Engie has taken the Final Investment Decision for a project in Western Australia, scheduled for completion in 2024. Meanwhile, two reports shed light on the future of green hydrogen: on the demand side, the MENA region could use it to become the global leader of green steel; on the supply side, BNEF welcomes the support commitments coming from Europe and the United States.

European Commission President Ursula Von der Leyen has announced a mandatory electricity usage reduction of at least 5% during peak price hours. Electricity market restructuring measures and a €3 billion ($2.9 billion) investment for a new green hydrogen bank were also on the agenda.

Australia’s ambitions to become a major player in global green hydrogen production have received a boost with a new report from Geoscience Australia confirming the potential for large-scale, underground storage of hydrogen in salt caverns across the country.

HydrogenPro is set to install the world’s largest electrolyzer in Norway, while Siemens is preparing to commission Germany’s second biggest electrolyzer.

Spain’s Desigenia has developed a hybrid system that makes it possible to replace diesel generators with solar energy, battery storage, and hydrogen fuel cells.

Mining magnate Andrew Forrest’s Fortescue Future Industries continues its campaign to be one of the world’s largest clean energy companies, with new plans to develop a 9.2 GW wind and solar facility in Egypt to power green hydrogen production.

SunHydrogen has provided a first look at the prototype design for its forthcoming nanoparticle-based green hydrogen technology, and Plug Power has secured a 5 MW electrolyzer order from Lhyfe. A Chinese-US research group, meanwhile, claims to have achieved a highly stable saline water electrolysis using Rhodium nanocrystals.

Scientists in Australia have developed a new way to produce hydrogen using water from the atmosphere. They claim their new module can ensure stable performance and provide green hydrogen for remote areas.