With strong government backing; a systems approach to development that views each component of hydrogen production and delivery as a whole; and growing demand, Australia could be on track for a commercially viable green hydrogen industry by 2030.
Danish renewable energy developer European Energy has acquired a majority stake in a 3.6 GW integrated solar and battery energy storage facility. Being developed in the Australian state of Queensland, the proposed facility will be used as a green hydrogen production plant.
Three import deals signed by the EU at Sharm El Sheikh during this month’s COP27 summit show the European Union is serious about harnessing green hydrogen for its heavy industry, and about distributing the fruits of the energy transition on an equitable basis.
A study of the investment and innovation needed to achieve the European Green Deal’s aviation ambitions has highlighted the key role that synthetic fuel can play until hydrogen and electric flights become a reality.
Academics in Denmark and Berlin have calculated Europe will need 400 GW of new solar and wind facilities per year from 2025 to 2035 to contribute to capping global temperature rises, in line with the Paris Agreement.
With an estimated 500 TWh of renewable electricity needed to produce the 10 million tons per year of clean hydrogen wanted by the European Union by 2030, the recent promise to ramp up European electrolyzer production capacity could give a boost to solar developers grappling with sluggish permitting regimes.
The Canadian provincial government’s Green Economy Plan, launched in November 2020, envisages a 37.5% reduction in greenhouse gas emissions en route to net zero by mid century.
The raised ambition of an already huge renewables-powered hydrogen project in the Southern African nations vividly demonstrates the hydrogen and clean energy potential of a continent which accounted for just 0.5% of the world’s new solar capacity last year, according to trade body AFSIA’s annual report.
The InterContinental Energy company behind two proposed green hydrogen megaprojects in Western Australia – the 26GW Asian Renewable Energy Hub and the 50GW Western Green Energy Hub – has received the backing of Singapore’s US$744 billion sovereign wealth fund GIC.
Plus, as the European Commission prepares to present its ‘Fit for 55’ climate change package tomorrow, European companies are continuing to develop hydrogen plans, including Shell in Norway and Siemens in Germany.
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