green hydrogen

Car manufacturer Stellantis has agreed to invest $100 million in a 49.5% stake in Argentina’s 360 Energy Solar. The two parties plan to develop new solar plants, install large-scale storage systems, and produce hydrogen energy.

Dismissed by many in the solar industry as an overly-complex, outdated technology, concentrated solar power (CSP) is set for a comeback thanks to a scaled-down, modular approach.

In this edition of the Weekend Read, we turn to Egypt. The gigawatt-scale Benban project showcases the North African country’s solar potential, and premium prices for gas exports make the case for a more diverse energy mix. A nation with grand renewables targets – but slow installation rates – may finally be weaning itself off fossil fuel resources.

SGC and SMO say they plan to install 100 MW of solar waste-to-energy systems in Australia. They aim to deploy a total of 50 waste-to-energy units in the next three years, with plans to scale up to 1 GW in the future.

Fortescue has officially opened a 2 GW hydrogen electrolyzer factory in Australia and has followed that by also confirming plans to set up a 50 MW green hydrogen production plant in the state of Queensland.

Nikola, via the Hyla brand, produced 43 Class 8 Nikola hydrogen fuel-cell electric vehicles and wholesaled 40 of them in the first quarter of 2024, while Snam awarded Baker Hughes a contract to provide three hydrogen-ready gas turbine-driven compressor trains for a new gas compressor station in Italy.

Researchers at UT Austin have secured grant funds from the US Department of Energy to produce hydrogen fuel from rocks in an emissions-free process.

Australian researchers have calculated the levelised cost of green hydrogen under different installed capex scenarios for 2030. They also looked into the different possible sizing of PEM electrolyzers.

Morocco has allocated 1 million hectares for green hydrogen projects as part of its national energy strategy. The country initially plans to provide 300,000 hectare to private investors, divided into lots of 10,000 to 30,000 hectares.

In addition to the cost of electricity, the price of hydrogen depends largely on the up-front investment cost of the electrolyzer. The lower the full-load hours, the greater the impact. Analyst BloombergNEF (BNEF) sees a number of different possible pathways for the market to develop.