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Tag: Siemens Energy AG

  • North Sea inexperienced hydrogen venture to harness offshore wind and use present pipeline

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    German energy company RWE has signed an settlement with Neptune Power to increase a inexperienced hydrogen demonstration venture within the Dutch North Sea, concentrated on an electrolyzer capability of 300 to 500 megawatts.

    In a observation Tuesday, the corporations stated the H2opZee venture can be advanced in two levels. The primary will middle on a feasibility learn about whilst the second one will focal point on implementation. The purpose is for the venture to be advanced ahead of 2030.

    “Hydrogen is a gamechanger within the decarbonisation of energy-intensive sectors, and H2opZee is without doubt one of the international’s first initiatives of this sort and scale,” Sven Utermöhlen, RWE Renewables’ CEO for offshore wind, stated.

    Hydrogen has a various vary of programs and may also be deployed in a variety of industries. It may be produced in a variety of techniques. One approach contains the usage of electrolysis, with an electrical present splitting water into oxygen and hydrogen.

    If the electrical energy used on this procedure comes from a renewable supply corresponding to wind or sun then some name it inexperienced or renewable hydrogen.

    The corporations stated H2opZee would produce inexperienced hydrogen the usage of offshore wind, with an present pipeline used to funnel the hydrogen to shore. The pipeline’s capability levels between 10 to twelve gigawatts, the firms stated.

    “The calories transition may also be quicker, inexpensive and cleaner if we combine present gasoline infrastructure into new methods,” Lex de Groot, who’s managing director of Neptune Power within the Netherlands, stated.

    “This infrastructure is technically appropriate. In consequence … no new pipeline at sea is wanted and no new landfall must be made in the course of the coastal house.”

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    The perception of the usage of present infrastructure to move hydrogen isn’t new. Remaining July, the CEO of calories infrastructure company Snam defined a imaginative and prescient for the way forward for hydrogen, announcing the “good looks” of it used to be that it might be simply saved and transported.

    Talking to CNBC’s “Squawk Field Europe,” Snam CEO Marco Alverà spoke about how present methods can be used to facilitate the supply of hydrogen produced the usage of renewable resources in addition to biofuels.

    “Presently, if you happen to flip in your heater in Italy the gasoline is flowing from Russia, the entire means from Siberia, in pipelines,” he stated.

    “The following day, we can have hydrogen produced in North Africa, within the North Sea, with sun and wind sources,” Alverà stated. “And that hydrogen can commute in the course of the present pipeline.”

    Whilst there may be pleasure in some quarters about inexperienced hydrogen’s attainable, nearly all of hydrogen era is these days in accordance with fossil fuels.

    Not too long ago, some trade leaders have spoken of the problems they felt have been going through the rising inexperienced hydrogen sector. In Oct. 2021, as an example, the CEO of Siemens Power informed CNBC there used to be “no business case” for it at this second in time.

    The Ecu Fee has laid out plans to put in 40 GW of renewable hydrogen electrolyzer capability within the Ecu Union through the 12 months 2030.

  • Danish power fund to steer large inexperienced hydrogen venture in Spain, powered by means of wind and sun

    Wind generators photographed in Aragon, Spain.

    Pepe Romeo / 500px | 500px | Getty Pictures

    Plans for an enormous venture aiming to provide inexperienced hydrogen and ammonia were introduced, with the ones in the back of it hoping development of the primary section will start in past due 2023.

    On Tuesday, Copenhagen Infrastructure Companions introduced main points of a partnership with Spanish firms Naturgy, Enagás and Fertiberia. Vestas, the Danish wind turbine producer, may be concerned.

    The companies will paintings in combination on Catalina Section I, which will likely be made up of one.7 gigawatts of wind and sun in Aragon, northeast Spain, and a 500-megawatt electrolyzer in a position to generate greater than 40,000 lots of inexperienced hydrogen yearly.

    A pipeline will hyperlink Aragon with Valencia within the east of Spain, sending the hydrogen to a inexperienced ammonia facility. CIP stated this ammonia would then be “upgraded” into fertilizer.

    Undertaking Catalina will sooner or later glance to increase a complete of five GW of blended wind and sun, generating inexperienced hydrogen the usage of a 2 GW electrolyzer.

    The dimensions of the whole building is really extensive. “As soon as absolutely carried out, Catalina will produce sufficient inexperienced hydrogen to provide 30% of Spain’s present hydrogen call for,” CIP stated.

    Main points when it comes to the financing of the initiative have no longer been printed. CIP did say, on the other hand, that Undertaking Catalina would make what it referred to as a “important contribution” to Spain’s Restoration, Transformation and Resilience Plan, or PERTE, on renewable power, renewable hydrogen and garage.

    In Dec. 2021, the Spanish govt stated PERTE would mobilize assets amounting to 16.37 billion euros, round $18.54 billion. In line with government there, the non-public sector will provide 9.45 billion euros, with 6.92 billion euros coming from Spain’s Restoration, Transformation and Resilience Plan.

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    Hydrogen has a various vary of packages and may also be deployed in a variety of industries. It may be produced in a variety of techniques. One manner contains the usage of electrolysis, with an electrical present splitting water into oxygen and hydrogen.

    If the electrical energy used on this procedure comes from a renewable supply reminiscent of wind or sun then some name it inexperienced or renewable hydrogen.

    Over the last few years, a variety of companies have undertaken tasks associated with inexperienced hydrogen. Simply closing week, power primary Shell stated a 20 megawatt hydrogen electrolyzer described as “probably the most global’s greatest” had begun operations.

    In Dec. 2021, Iberdrola and H2 Inexperienced Metal stated they’d spouse and increase a 2.3 billion euro venture focused round a inexperienced hydrogen facility with an electrolysis capability of one gigawatt.

    Whilst there’s pleasure in some quarters about inexperienced hydrogen’s doable, the majority of hydrogen technology is these days in accordance with fossil fuels.

    Lately, some trade leaders have spoken of the problems they felt have been going through the rising inexperienced hydrogen sector. Remaining October, for instance, the CEO of Siemens Power instructed CNBC there was once “no industrial case” for it at this second in time.

    And in July 2021, a briefing from the Global Power Council stated low-carbon hydrogen was once no longer these days “cost-competitive with different power provides in maximum packages and places.” It added that the location was once not likely to modify until there was once “important give a boost to to bridge the associated fee hole.”

    The research — which was once put in combination in collaboration with PwC and the U.S. Electrical Energy Analysis Institute — raised the query of the place investment for such give a boost to would come from, but additionally pointed to the expanding profile of the field and the sure impact this will have.

    For its section, the Eu Fee has laid out plans to put in 40 GW of renewable hydrogen electrolyzer capability within the Eu Union by means of the 12 months 2030.

  • Shell says probably the most biggest hydrogen electrolyzers on this planet is now up and working in China

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    A 20 megawatt hydrogen electrolyzer described as “probably the most global’s biggest” has begun operations, power main Shell stated Friday.

    Situated in Zhangjiakou, Hebei Province, China, the electrolyzer will produce inexperienced hydrogen for gas cellular automobiles getting used at Zhangjiakou’s pageant zone all over the Wintry weather Olympics, that are because of open on Feb. 4. As soon as the Video games end, business and public shipping will use the hydrogen.

    In a observation, Wael Sawan, Shell’s built-in gasoline, renewable and effort answers director, stated the electrolyzer used to be “the most important in our portfolio up to now.”

    “We see alternatives around the hydrogen provide chain in China, together with its manufacturing, garage and delivery,” Sawan stated.

    The power in China is related to a three way partnership established in 2020 between Shell China and the Zhangjiakou Town Shipping Development Funding Protecting Crew Co. Ltd.

    Hydrogen, which has a various vary of packages and may also be deployed in a variety of industries, may also be produced in a lot of techniques. One manner comprises the use of electrolysis, with an electrical present splitting water into oxygen and hydrogen.

    If the electrical energy used on this procedure comes from a renewable supply reminiscent of wind or sun then some name it inexperienced or renewable hydrogen. The electrolyzer in Zhangjiakou will use onshore wind energy, Shell stated.

    Whilst there’s pleasure in some quarters about inexperienced hydrogen’s possible, nearly all of hydrogen era is lately in accordance with fossil fuels.

    Lately, some industry leaders have spoken of the problems they felt have been going through the rising inexperienced hydrogen sector. In Oct. 2021, for instance, the CEO of Siemens Power informed CNBC there used to be “no business case” for it at this second in time.

    Lately, quite a few colours — together with brown, blue, grey and crimson, to call a couple of — are used to distinguish between more than a few manufacturing strategies for hydrogen.

    Final December, the CEO of German power corporate RWE defined to CNBC the way it used to be essential to be pragmatic about colour codes.

    “After all, all hydrogen must be inexperienced, as a result of inexperienced hydrogen is the one gas which is … totally decarbonized,” Markus Krebber stated. Within the intervening time, industries had to take choices to spend money on new amenities and lead them to “H2 able.”

    “After all, there isn’t sufficient inexperienced hydrogen to be had within the brief time period, so you wish to have so they can run it first on herbal gasoline then, perhaps, on all different colours [of] hydrogen … particularly blue,” he stated. “However the second inexperienced hydrogen is to be had, to the level wanted, they will have to transfer to inexperienced hydrogen.”

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    Blue hydrogen refers to hydrogen produced the use of herbal gasoline — a fossil gas — with the CO2 emissions generated all over the method captured and saved.

    Previous this month, it used to be reported that probably the most handiest amenities on this planet that makes use of carbon seize and garage generation (CCS) to scale back the emissions of hydrogen manufacturing were discovered to emit way more greenhouse gasoline emissions than it captures.

    The Quest plant in Alberta, Canada, owned through Shell and designed to seize carbon emissions from oil sands operations and safely retailer them underground, has up to now been touted as a “thriving instance” of ways CCS is operating to seriously scale back carbon emissions.

    On the other hand, an investigation through watchdog staff World Witness, printed closing week, confirmed that whilst 5 million lots of carbon dioxide were avoided from escaping into the ambience on the plant since 2015, it additionally launched 7.5 million metric lots of greenhouse gases over the similar duration.

    It way simply 48% of the plant’s carbon emissions have been captured, in keeping with the record. In keeping with the record, a spokesperson for Shell informed CNBC by the use of e-mail that World Witness’ research used to be “merely incorrect” and stressed out that the Quest facility used to be designed to seize round a 3rd of carbon dioxide emissions.

    Shell’s Quest CCS facility opened in overdue 2015 and is a part of the gang’s Scotford complicated, the place hydrogen is produced to be used in refining oil sands bitumen (a kind of petroleum deposit). The Quest plant does no longer duvet the emissions for all the facility.

    “Our Quest facility used to be designed some years in the past as an indication mission to turn out the underlying CCS idea, whilst shooting round a 3rd of CO2 emissions. It’s not a hydrogen manufacturing facility,” the Shell spokesperson stated.

    —CNBC’s Sam Meredith contributed to this record

  • Eu markets tumble, monitoring world momentum; Stoxx 600 down 1.9%; DAX down 2%

    LONDON — Eu markets fell sharply on Friday, monitoring an international pullback for chance belongings.

    The pan-Eu Stoxx 600 dropped 1.9% through mid-afternoon, with fundamental sources losing 3.4% to steer losses as all sectors and primary bourses slid into adverse territory. Germany’s DAX index used to be buying and selling 2.2% decrease.

    With regards to particular person percentage value motion, wind turbine producer Siemens Gamesa plunged greater than 10% after slicing its income steerage for 2022, dragging proprietor Siemens Power just about 14% decrease. Slightly any shares at the Eu blue chip index posted vital features.

    On Wall Boulevard Friday, shares moved decrease as sharp losses in streaming massive Netflix dragged the Nasdaq Composite deeper into correction territory.

    Again in Europe, Secretary of State Antony Blinken instructed his Russian counterpart Friday that the Kremlin may just defuse tensions and considerations a few doable invasion through eliminating an unusual deployment of troops and kit clear of Ukraine’s borders. U.S. intelligence has indicated Russia may just assault inside of a month’s time.

    In other places, Britain’s GfK Shopper Self belief Index sank to -19 in January from -15 in December, its lowest studying since February 2021, as hovering inflation and the chance of additional rate of interest hikes dampened the outlook.

    U.Okay. retail gross sales dropped through 3.7% in December from the former month, consistent with the Administrative center for Nationwide Statistics, neatly under the 0.6% fall anticipated through economists in a Reuters ballot.

    James Smith, evolved markets economist at ING, stated whilst the figures didn’t make for delightful viewing, some standpoint used to be required.

    “A few of q4 is indisputably related to omicron, given footfall looked as if it would were a bit of decrease within the run-up to Christmas,” he stated.

    “However numerous this additionally seems like a pullback after an strangely robust November and Black Friday. Sturdy October gross sales additionally hinted that customers did extra in their Christmas buying groceries early relative to previous years, given information reviews of imaginable shortages, despite the fact that that is admittedly tougher to end up.”

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    In company information, Rio Tinto stocks took successful in a single day after Serbia revoked the Anglo-Australian mining corporate’s lithium exploration licenses, mentioning environmental considerations.

    In the meantime, Unilever has dominated out a fourth build up to its bid for GlaxoSmithKline’s client health-care industry, successfully forsaking a tie-up that had ruffled feathers amongst traders.

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