CNBC Oil and gas supermajor BP has agreed to take a 40.5% equity stake in the Asian Renewable Energy Hub, a vast project planned for Australia set to span an area of 6,500 square kilometers. In an announcement Wednesday, BP said it would become the operator of the development, adding that it had “the potential to be one of the largest
World Oil The U.S. Department of Energy (DOE) filed a notice of intent to fund the Bipartisan Infrastructure Law’s $8 billion program to develop regional clean hydrogen hubs – H2Hubs – across America, the DOE said in a press release on Monday. H2Hubs will create networks of hydrogen producers, consumers, and local connective infrastructure to accelerate the use of hydrogen
World Oil (Bloomberg) — A hydrogen economy that runs factories and power plants on the clean-burning fuel may be years down the road, but that hasn’t stopped U.S. states from jockeying for a share of the $8 billion in federal funds earmarked for so-called hydrogen hubs. President Joe Biden’s bipartisan infrastructure plan, which became law in November, includes funding to build at least four hydrogen hubs—places where the
Oil and Gas 360 The Energy Venture Investment Summit in Golden, Colorado, Brought Entrepreneurs, Energy Investment Professionals and Industry Together to Share Ideas and Provide Capital to Innovations that Will Shape the Future of Energy. EnerCom, Inc., a nationally-recognized management consultancy, and Colorado School of Mines, a leading public research university focused on science and engineering, hosted The Energy Venture
CNBC Hydrogen has an important role to play in any transition to net-zero and its generation could develop into a market worth over $1 trillion a year, according to Goldman Sachs. “If we want to go to net-zero we can’t do it just through renewable power,” Michele DellaVigna, the bank’s commodity equity business unit leader for the EMEA region, told CNBC’s “Squawk
Oil and Gas 360 The Energy Venture Investment Summit in Golden, Colorado, Brought Entrepreneurs, Energy Investment Professionals and Industry Together to Share Ideas and Provide Capital to Innovations that Will Shape the Future of Energy. EnerCom, Inc., a nationally-recognized management consultancy, and Colorado School of Mines, a leading public research university focused on science and engineering, hosted The Energy Venture
World Oil Publisher’s Note- Cemvita Factory participated yesterday at The Energy Venture Investment Summit, hosted by EnerCom and Colorado School of Mines. Presentations can now be viewed online. (Bloomberg) — Houston biotech startup Cemvita Factory is partnering with U.S. gas-equipment manufacturer Chart Industries Inc. to use oil-eating microbes to make hydrogen. The venture, which also includes engineering and consulting firm
World Oil BP and the Ministry of Energy and Minerals in Oman signed a Strategic Framework Agreement and a Renewables Data Collection Agreement which will support the potential development of a multiple gigawatt, world-class renewable energy and green hydrogen development in Oman, by 2030. As part of the agreement, BP will capture and evaluate solar and wind data from 8,000km2
CNBC Spanish power company Iberdrola and Sweden’s H2 Green Steel are to partner and develop a major facility that will produce green hydrogen, in yet another example of how companies are taking an interest in the much talked about sector. In an announcement on Thursday, the firms said the 2.3 billion euro ($2.6 billion) project would see them set up a green
CNBC Hydrogen has a key role to play in the years ahead, especially in industrial applications, according to the CEO of German power company RWE. “When you look long term, there is no way around hydrogen,” Markus Krebber, who was speaking to CNBC’s Annette Weisbach, said. In an interview broadcast Tuesday morning, Krebber claimed this was because hydrogen was “the only technology
CNBC Norsk Hydro and fossil fuel giant Shell are to look into the potential of joint projects focused on green hydrogen production. In an announcement Tuesday, Norway’s Hydro said a memorandum of understanding had been signed between the two parties. Under the deal, Shell and Hydro’s green hydrogen business, Hydro Havrand, will focus on the joint generation and supply of hydrogen “produced from
Reuters OSLO – Royal Dutch Shell and Norsk Hydro are looking into jointly producing hydrogen from renewable electricity in a push to decarbonise their own operations as well as supply heavy industry and transport customers, Hydro said on Tuesday. The Anglo-Dutch oil giant and the Norwegian aluminium maker’s green hydrogen unit, Hydro Havrand, have signed a memorandum of understanding (MoU)
