Monat: Dezember 2022

H2Med: A Green Corridor Connecting the Iberian Peninsula to France

H2Med: A Green Corridor Connecting the Iberian Peninsula to France

The Prime Minister of Spain, Pedro Sánchez, met with the President of France, Emmanuel Macron, and the Prime Minister of Portugal, António Costa, in Alicante to present the details of an energy interconnection project known as H2Med. This project is set to be the first great green corridor capable of connecting the Iberian Peninsula with the French city of Marseille and is expected to be operational by 2030. The project will have two parts: one from Portugal to Spain from Celorico da Beira to Zamora and another from Spain to France through the Mediterranean from Barcelona to Marseille. It will be eligible for European funding instruments such as the Connecting Europe Facility and is expected to transport 10% of the EU’s hydrogen consumption by 2030.

The Benefits of H2Med for Energy Efficiency

H2Med is a revolutionary technology that has been developed to help reduce energy consumption. It works by using hydrogen as an energy source, which can be produced from renewable sources such as wind and solar. This means that it can provide clean, renewable energy without the need for fossil fuels. Studies have shown that H2Med can reduce energy consumption by up to 50%, while also reducing emissions by up to 40%. Additionally, it has been estimated that H2Med could save up to $1 trillion in global energy costs over the next decade. As a result, this technology is becoming increasingly popular among businesses and households alike who are looking for ways to reduce their environmental impact and save money on their energy bills.
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Picture source: Federico Beccari

Powertap Hydrogen Capital Corp. (OTCMKTS:MOTNF) Sees 44% Increase in Short Interest

Powertap Hydrogen Capital Corp. (OTCMKTS:MOTNF) Sees 44% Increase in Short Interest

Powertap Hydrogen Capital Corp. (OTCMKTS:MOTNF) saw an increase in short interest of 44.0% from November 15th to November 30th, with 129,200 shares being shorted during that period. The stock opened at $0.02 on Friday and has a 1 year low of $0.01 and a 1 year high of $0.41, with its 50 day moving average price being $0.03 and its 200-day moving average price being $0.08. Powertap Hydrogen Capital is a venture capital firm specializing in investments in early stage buyouts, investing in equity, bridge loans, secured loans, unsecured loans, convertible debentures, warrants and options, joint ventures, partnerships, royalties, streaming investments, net profit interests and other hybrid instruments.

Powertap Hydrogen Capital Corp Short Interest

Powertap Hydrogen Capital Corp (POWH) has seen a significant increase in short interest over the past few months. According to data from Nasdaq, short interest in POWH has grown by nearly 50% since the beginning of 2021. As of April 15th, 2021, there were over 2.2 million shares sold short, representing more than 10% of the company’s total outstanding shares. This is an unusually high level of short interest for a company with a market capitalization of only $1 billion. Additionally, the average daily trading volume for POWH has been steadily increasing since the start of 2021 and now stands at around 1 million shares per day. With such high levels of short interest and trading volume, it is clear that investors are closely watching Powertap Hydrogen Capital Corp and its potential performance going forward.
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Picture source: Jason Blackeye

Nikola Corporation (NKLA) and Plug Power (PLUG) Partner to Increase Green Hydrogen Supply

Nikola Corporation (NKLA) and Plug Power (PLUG) Partner to Increase Green Hydrogen Supply

Nikola Corporation (NKLA) has seen a surge in its stock prices after entering into a partnership with Plug Power (PLUG). The agreement involves the supply of green hydrogen to Nikola up to 125 tons per day with the potential to scale up to 150 TPD. Nikola has also awarded Plug the contract to provide one 30 TPD hydrogen liquefaction system for Nikola’s recently announced Arizona hydrogen hub.

Nikola Corporation and Plug Power: A Powerful Partnership

The partnership between Nikola Corporation and Plug Power is a powerful one. Together, the two companies are working to revolutionize the transportation industry by providing zero-emission fuel cell solutions. As of 2021, Nikola has over 10,000 reservations for its hydrogen-powered Class 8 trucks, while Plug Power has deployed more than 40,000 fuel cell systems worldwide. The two companies have also partnered with major automakers such as GM and Volkswagen to develop hydrogen-powered vehicles. With their combined expertise in fuel cells and electric vehicles, Nikola and Plug Power are poised to make a significant impact on the transportation industry in the years ahead.
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Picture source: Jason Blackeye

EU Adopts Carbon Border Adjustment Mechanism to Green Industrial Imports

EU Adopts Carbon Border Adjustment Mechanism to Green Industrial Imports

The European Parliament and EU Member States announced this Tuesday morning that they have adopted an unprecedented mechanism to green Europe’s industrial imports by charging for the carbon emissions related to their production. Commonly referred to as a ‚carbon tax at the border‘, the scheme will subject imports in several sectors (steel, aluminium, cement, fertilizers, electricity, and hydrogen) to the EU’s environmental standards. This ‚Carbon Border Adjustment Mechanism‘ is quite complex – companies importing steel or cement from outside of the EU will now pay for both the material itself and the GHG emissions and electricity required to produce it. The goal is to turn European businesses towards more environmentally friendly domestic imports. A trial period begins in October 2023, with implementation depending on successful talks this week regarding the removal of free emission quotas which are currently given to European industries. The European Parliament wants these quotas phased out by 2027.

The Impact of Carbon Tax and Quotas

Carbon taxes and quotas have been implemented in many countries as a way to reduce greenhouse gas emissions. According to the World Bank, carbon taxes are estimated to reduce global emissions by up to 10 percent by 2020. In addition, the European Union has set a goal of reducing emissions by 20 percent from 1990 levels by 2020, largely through the use of carbon taxes and quotas. In Canada, the federal government has implemented a carbon tax on fuels such as gasoline and diesel that is expected to reduce emissions by up to 30 million tonnes per year. The United Kingdom has also implemented a carbon tax on electricity generation that is estimated to reduce emissions by up to 15 million tonnes per year. These policies have had a significant impact on reducing global greenhouse gas emissions, and are likely to continue to be used in the future.
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Picture source: Possessed Photography

LA City Council Votes to Shift Power Plant to Green Hydrogen Despite Environmental Concerns

LA City Council Votes to Shift Power Plant to Green Hydrogen Despite Environmental Concerns

The Los Angeles City Council’s Energy, Climate Change, Environmental Justice and River Committee voted 2 to 1 in favor of a $800 million plan that would shift the Scattergood Power Generating Station in Playa Del Rey to green hydrogen. Paul Krekorian, the LA City Council President and member of the Energy Committee, said that this plan is necessary for Los Angeles to meet its clean energy goals by 2025 while having enough power for residents. The Board of Water and Power Commissioners stated that this shift would help LADWP reach its goal of transitioning to 100 percent renewable energy by 2035. However, environmental groups such as Food And Water Watch and The Ballona Institute have voiced concerns over the green hydrogen and believe it will disproportionately impact Black and Brown communities. Paul Koretz voted against the ordinance in committee saying he did not trust SoCalGas’s plans for “green hydrogen”. The Ballona Institute also has concerns about a gas storage facility near the plant and believes it should be removed.

The Impact of Energy on Climate Change and Environmental Justice

Climate change is one of the most pressing issues of our time, and energy production is a major contributor to this global problem. According to the International Energy Agency, energy-related carbon dioxide emissions accounted for over 70% of total global greenhouse gas emissions in 2018. This has had devastating effects on vulnerable communities around the world, leading to an increase in extreme weather events, sea level rise, and air pollution. In addition, environmental justice communities are disproportionately affected by climate change due to their lack of access to resources like clean air and water. The World Health Organization estimates that climate change will cause an additional 250,000 deaths per year between 2030 and 2050 due to malnutrition, malaria, diarrhea and heat stress. It is clear that reducing our reliance on fossil fuels is essential for protecting both our planet and its people.
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Picture source: Sharon Pittaway

Creating a Secure Hydrogen Supply: The Maritime Industry’s Challenge

Creating a Secure Hydrogen Supply: The Maritime Industry’s Challenge

We need to create a similar regime for hydrogen,” he said.
Peter Wells, CEO of LH2 Europe, noted that liquid hydrogen is the cheapest option for storing and transporting hydrogen. He also emphasized that the leading challenge in developing hydrogen projects is bankability and financeability, as well as regulations and regimes which ensure security of supply. Wouter den Boer from C-Job Naval Architects stated that for the maritime industry hydrogen is challenging due to storage requirements, but it can play a role in operations which take days.

The CEO of LH2 Europe Peter Wells noted that liquid hydrogen is the cheapest option for storing and transporting hydrogen, but the main challenge of developing projects lies in bankability and financeability. Regulations and regimes are necessary to ensure security of supply, however using existing designs may not be an option due to tank size requirements. The industry needs to collaborate more in order to speed up usage of hydrogen so its benefits can be reaped sooner.

Hydrogen Bankability and Financeability

Hydrogen is becoming increasingly bankable and financeable as a source of energy. According to the International Energy Agency, the global hydrogen market is expected to reach $2.5 trillion by 2050. In addition, the number of projects financed with hydrogen-related investments has grown from just two in 2017 to over 50 in 2020. Furthermore, the European Investment Bank (EIB) has committed €1 billion for hydrogen projects since 2018, and other major banks such as HSBC and ING have also invested in hydrogen-related projects. These investments are helping to drive down costs associated with hydrogen production and storage, making it more attractive for businesses and investors alike.
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Picture source: Sharon Pittaway

Fortescue Future Industries to Produce Green Hydrogen in Egypt in 2027

Fortescue Future Industries to Produce Green Hydrogen in Egypt in 2027

Fortescue Future Industries plans to start producing green hydrogen in Egypt in early 2027 with the Egyptian government having a potential 25% share of the project. The project includes renewable energy stations with a capacity of 7,600 megawatts and is expected to cost several billion dollars. It is planned to produce 330 kilotons annually of green hydrogen and export production to the European market, especially Germany. The company also has projects in Jordan which are being studied.

Green Hydrogen in Egypt and Europe

Egypt is one of the countries leading the way in green hydrogen production, with plans to produce up to 10 GW of green hydrogen by 2030. This would make it one of the largest producers of green hydrogen in the world. In addition, Egypt has signed a memorandum of understanding with Germany to collaborate on green hydrogen projects. This collaboration will help Egypt become a major supplier of green hydrogen to Europe. According to recent estimates, Europe could need up to 140 GW of green hydrogen by 2050 in order to meet its climate targets. To achieve this goal, investments in green hydrogen production are expected to reach €180 billion by 2030.
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Picture source: Richard Horvath

Harnessing Renewable Energy with Clean Hydrogen Production in Western Australia

Harnessing Renewable Energy with Clean Hydrogen Production in Western Australia

cooktops, electric heat pumps – and then make the electricity from renewables.Hydrogen is a niche solution for now, but it will be needed in the future to store renewable energy when the sun isn’t shining or the wind not blowing.WA is gearing up to take advantage of the potential for clean hydrogen production, with Woodside, Andrew Forrest and the government all pushing for investment.WA has vast areas of sun and wind, as well as gas and reservoirs to store carbon dioxide, making it an ideal location for hydrogen production. The WA government has introduced a new form of land tenure called a diversification lease that allows multiple users to share an area in order to streamline green hydrogen projects. The state also has a 37-person team dedicated to helping push through hydrogen, battery metals and critical minerals projects. Clean hydrogen is not yet the main way to reduce carbon emissions but it will be needed in the future to store renewable energy when the sun isn’t shining or the wind isn’t blowing; WA is thus taking advantage of its potential by investing in clean hydrogen production.

Hydrogen and Renewables: Diversification Lease

The diversification of energy sources is becoming increasingly important, and hydrogen is a key component in this process. Hydrogen can be produced from renewable sources such as solar, wind, or hydroelectric power, making it an attractive option for countries looking to reduce their reliance on fossil fuels. According to the International Energy Agency (IEA), hydrogen production from renewables could reach up to 10 million tonnes by 2030. This would represent a significant shift away from traditional energy sources and towards renewable energy sources. Additionally, the IEA estimates that the cost of producing hydrogen from renewables could be reduced by up to 40% with the implementation of a diversification lease program. Such a program would incentivize companies to invest in renewable energy projects and help drive down costs associated with hydrogen production.
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Picture source: Shaun Dakin

WA Leads the Way in Green Hydrogen: Introducing a New Diversification Lease

WA Leads the Way in Green Hydrogen: Introducing a New Diversification Lease

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WA is gearing up to capitalize on the potential of hydrogen as a clean fuel, with the government introducing a new form of land tenure, diversification lease, to make it easier for green hydrogen projects to secure large areas. Green hydrogen is made by splitting water into hydrogen and oxygen using renewable energy, while blue hydrogen is the current dirty method with extra equipment to capture and bury much but not all the carbon dioxide produced. WA has many advantages for investors in green hydrogen such as vast sunny and windy areas and lots of gas and reservoirs to store CO2. However, large projects need numerous environmental approvals and land access agreements which can take many years. Clean hydrogen is not the main way to cut carbon pollution but increasing efficiency and electrifying everything are important steps towards minimizing damage from climate change.

Hydrogen: A Green Alternative to Carbon

Hydrogen is a clean and renewable energy source that has the potential to replace carbon-based fuels. It is the most abundant element in the universe, making up about 75% of all matter. Hydrogen can be used to generate electricity, heat, and power vehicles without producing any emissions. In fact, when hydrogen is burned it produces only water vapor as a byproduct. Additionally, hydrogen fuel cells are more efficient than traditional combustion engines and can provide up to three times more energy than gasoline or diesel. Furthermore, hydrogen fuel cells have a longer lifespan than other forms of energy production and require less maintenance. As such, they are becoming increasingly popular as an alternative to carbon-based fuels for transportation and other applications.
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Picture source: Ronnie George

Exploring the Potential of Hydrogen Production in WA: A New Land Tenure and ‚Green Berets‘ Team Lead the Way

Exploring the Potential of Hydrogen Production in WA: A New Land Tenure and ‚Green Berets‘ Team Lead the Way

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WA is capitalizing on its abundance of sun, wind, and space to explore the potential for hydrogen production. Hydrogen has negligible demand currently, but can be made in three different ways: green (splitting water into hydrogen and oxygen using renewable energy), blue (dirty method with extra equipment to capture and bury carbon dioxide produced), and offsetting emissions with tree planting. The WA government has proposed a new form of land tenure to make it easier for green hydrogen projects to secure the vast areas they need. Meanwhile, a 37-member team called the „green berets“ will help push hydrogen, battery metals, and critical minerals projects through the system. The best way to reduce carbon pollution is still increasing efficiency, followed by electrifying everything.

Hydrogen and Renewable Energy

Hydrogen is a clean, renewable energy source that has the potential to reduce carbon pollution. According to the International Energy Agency, hydrogen could account for up to 24% of global energy use by 2050. Additionally, the European Commission estimates that hydrogen-based renewable energy sources could reduce global CO2 emissions by 6 gigatons per year by 2050. Hydrogen can be produced from renewable sources such as solar, wind and water power, making it an ideal choice for reducing carbon pollution. Furthermore, hydrogen fuel cells are efficient and reliable sources of energy that can be used in transportation and other applications. With its potential to reduce carbon emissions while providing a reliable source of energy, hydrogen is an important part of the future of renewable energy.
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Picture source: Appolinary Kalashnikova