KKR invests €400m in Ignis to from Ignis P2X

KKR teams up with Spanish renewables developer Ignis to form Ignis P2X, which will focus on providing hydrogen and derivatives for ‘industrial applications in hard-to-abate sectors’ New York-based global investment firm KKR has agreed to form a 50-50 joint venture with Spanish renewables developer Ignis — backed by €400m ($428.5m) from the US investor —

POSCO launches hydrogen steelmaking plant

POSCO has unveiled a pilot steelmaking plant that runs on hydrogen rather than fossil fuels. This is reported by KED Global. In this way, the South Korean company is moving towards its carbon neutrality ambitions. The pilot plant at the Pohang facility has a production capacity of 24 tons of molten iron per day, emitting

Renewco Power, INDHO launch green hydrogen platform in Spain

UK-headquartered Renewco Power (Renewco) and INDHO, a pioneering green hydrogen developer based in Ciudad Real in central Spain, have announced the launch of Indhyco, an exciting new development platform exclusively focused on green hydrogen projects throughout the Spanish market. Indhyco will develop green hydrogen projects with an emphasis on industrial consumption through efficient production of

India to witness Rs 2,000 cr investment opportunities in at IESW 2024

With only a week ahead of India’s leading energy storage & advanced battery event, India Energy Storage Alliance (IESA) is all set to host the 10th edition of India Energy Storage Week (IESW) in New Delhi. In a gala Press Conference today, IESA announced the potential investment of over INR 2000 Crore coming to India

Glosten receives approval for world’s first hydrogen-hybrid research vessel

Naval architecture and marine engineering firm Glosten has been awarded an Approval in Principle (AIP) by the American Bureau of Shipping (ABS) for the design of UC San Diego’s new hydrogen-hybrid Coastal-Class Research Vessel (CCRV). The CCRV will be operated by Scripps Institution of Oceanography and feature an innovative propulsion system that utilizes hydrogen fuel

ExxonMobil, Air Liquide to work together on hydrogen project

ExxonMobil Corp. has partnered with Air Liquide to support production of hydrogen and ammonia at its 561,000-b/d integrated refining and petrochemical complex in Baytown, Tex. The agreement will enable transportation of low-carbon hydrogen through Air Liquide’s existing pipeline network. Additionally, Air Liquide plans to invest up to $850 million to build, own, and operate four

America prefers to go for clean ammonia as fuel of the future

Clean ammonia remains a green fuel type with significant potential for future development as the next energy source. While America is glued to producing 2 million tons of this fuel, considered innovative, it shows a sign of appreciable concern for sustainable production and environmental management. With ammonia in focus, it is worthy to note that

Global hydrogen demand remains a concern

Global development of hydrogen electrolyzers rose 4% in the last six months to 1.2 TW as some 55.2 GW of new projects were added, according to Aurora Energy Research’s global electrolyzer database. Europe leads, the Q2 2024 European Hydrogen Market Report (HyMaR) said, making up 32% of the capacity share, followed by Oceania at 21%.

Wärtsilä launches world’s first large-scale 100% hydrogen-ready engine power plant

Technology group Wärtsilä has today launched the world’s first large-scale 100% hydrogen-ready engine power plant, to enable the net-zero power systems of tomorrow. The IEA World Energy Outlook 20231 shows that hydrogen is an essential component of our future power systems. According to the report, the pathway to reach net zero emissions by 2050 requires

Scientists at Skoltech discover new way to produce hydrogen

A team of Russian scientists from Moscow’s Skolkovo Institute of Science and Technology (Skoltech) has unveiled a potentially groundbreaking approach to hydrogen production within gas wells. This method eliminates the need for capturing carbon at the surface, potentially bypassing the costly and complex carbon capture and storage (CCS) technology. Their lab experiment suggests extracting up