India has retained its crown as the most promising market for solar investment, according to the latest edition of Ernst & Young’s Renewable Energy Country Attractiveness Index (RECAI).
By 2050, the practice of using renewable energy to electrolyze water and create hydrogen fuel could become a global market of well over $1 trillion, according to a new report by Deloitte.
Solar is not only helping to keep the lights on in Ukraine – it also has a vital role as part of Europe’s energy transition and clean energy economy.
The Hydrogen Collective (H2C), an Australian project developer, has revealed plans to build a solar-powered production facility in the state of Queensland. The facility, set to be operational from later this year, will supply commercial customers with green hydrogen. Construction is scheduled to start in the coming weeks.
Former Reserve Bank of Australia Deputy Governor Guy Debelle has warned that the US Inflation Reduction Act (IRA) poses a “material threat” to Australia’s push to become a green hydrogen superpower.
Endua has installed its first 100 kW standalone hydrogen power bank in Brisbane, Australia. The news comes weeks after the company raised AUD 11.8 million ($7.81 million) to scale the technology.
For every dollar invested in fossil fuels, 1.7 dollars are invested in clean technologies. Five years ago, it was a one-to-one ratio, said the International Energy Agency.
Australia’s push to become a green hydrogen superpower has gained new momentum with the federal and Queensland governments teaming up with consortium partners to deliver AUD 117 million ($76 million) for a 3 GW renewable hydrogen project.
A Japanese consortium is now testing a 100 kW fuel cell system in Tokyo. The system uses green hydrogen and waste plastic hydrogen to provide heat to an industrial building. The demonstration aims to establish an urban hydrogen energy utilization model that combines global and local hydrogen sources.
Madrid will open Spain’s first plant to produce green hydrogen from recycled water in 2024. The facility, situated at a water treatment plant, will use electrolysis to simultaneously extract oxygen and purify water.
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