Hydrogen Archives - Page 5 of 10 -

‘No way around hydrogen’ says RWE CEO, as firm lays out plans to invest billions in renewables

November 16, 2021

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

Shell teams up with Norsk Hydro to work on green hydrogen projects

November 10, 2021

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

Shell and Norsk Hydro team up for green hydrogen

November 9, 2021

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)

Sinopec plans to spend $4.6 billion on hydrogen energy by 2025

August 30, 2021

Reuters BEIJING/SINGAPORE – China’s Sinopec Corp plans to spend 30 billion yuan ($4.6 billion) on hydrogen energy by 2025 as the state oil and gas major pivots to producing natural gas and hydrogen as part of becoming a carbon-neutral energy provider by 2050. Asia’s biggest oil refiner said on Monday it plans to become China’s largest company to produce hydrogen

Low-carbon hydrogen is not cheap and needs support, says major energy organization

July 28, 2021

CNBC Low-carbon hydrogen isn’t “cost competitive with other energy supplies in most applications and locations” and the situation is unlikely to change unless there’s “significant support to bridge the price gap,” according to the World Energy Council. Published Tuesday, the analysis – which was put together in collaboration with PwC and the U.S. Electric Power Research Institute – raised the

Aramco sees major hydrogen market forming amid historic pressure test for Big Oil

June 28, 2021

CNBC Saudi Arabia’s oil giant Aramco is stepping up efforts to promote initiatives in hydrogen technology and investments to reduce carbon emissions, after a harrowing investor smackdown for Big Oil. “Hydrogen is real,” Aramco Chief Technology Officer Ahmad Al Khowaiter told CNBC in an interview Sunday, after a day of presentations from Aramco executives and industry partners to highlight the

Reuters Events-Duke Energy CEO sees hurdles for Biden’s decarbonization timeline

June 23, 2021

Nasdaq U.S. President Joe Biden’s target to decarbonize the nation’s power industry by 2035 will only be achievable if clean energy technologies like advanced nuclear and carbon capture rapidly become commercially viable, according the chief executive of leading U.S. utility company Duke Energy Corp DUK.N. Duke, which provides electricity to 7.8 million people across six states, plans to reach 50% decarbonization

Wind turbine giant Siemens Gamesa lays out plan to drive down cost of ‘green’ hydrogen

June 10, 2021

CNBC So-called “green” hydrogen production using onshore wind turbines could achieve price parity with fossil-based hydrogen by the year 2030, according to a white paper from Siemens Gamesa Renewable Energy. In a statement on Wednesday the firm — a major player in wind turbines — also said that green hydrogen produced using wind from the offshore sector could achieve price parity

U.S. seeks less costly clean hydrogen in climate fight

June 7, 2021

Reuters WASHINGTON – The Biden administration on Monday set a goal of reducing the cost of producing clean hydrogen, a fuel that could reduce dependence on others that emit greenhouse gases that cause climate change. The Department of Energy (DOE) set a goal for hydrogen made with clean power, such as renewables and nuclear energy plants, by 80% to $1

Suncor Energy aims for net-zero emission target by 2050

May 26, 2021

Reuters Canada’s Suncor Energy (SU.TO) will partner with utility ATCO Ltd (ACOx.TO) to develop a clean hydrogen project near Fort Saskatchewan, Alberta, in one of the most significant steps taken by an oil sands producer to cut greenhouse gas emissions. Canada’s cash-rich oil sands firms are facing mounting pressure to spend on transitioning towards cleaner energy at a time when Prime Minister Justin Trudeau

U.S. engine maker Cummins plans plant for green hydrogen kit in Spain

May 24, 2021

Reuters U.S. engine maker Cummins (CMI.N) said on Monday it would build a plant in Spain to make electrolyser systems that will be used to produce green hydrogen, a zero-carbon fuel which advocates hope can help wean economies off planet-warming power sources. Cummins said in a statement it would spend 50 million euros ($61 million) on the plant in central Spain, which

Dubai launches region’s ‘first industrial scale’ green hydrogen plant

May 20, 2021

CNBC A Dubai-based project described as the “first industrial scale, solar-driven green hydrogen facility in the Middle East and North Africa” has been inaugurated, with those behind the development hoping it will help catalyze the region’s renewable energy sector. In a statement Wednesday, Siemens Energy said power for the pilot project — a collaboration with the Dubai Electricity and Water Authority

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