The European Parliament and EU member states announced on Tuesday morning that they have adopted an unprecedented mechanism to green Europe’s industrial imports by making companies pay for the carbon emissions associated with their production. This system, commonly known as the „carbon border tax“, will subject imports in several sectors (steel, aluminum, cement, fertilizers, electricity, but also hydrogen) to the EU’s environmental standards. The goal is to encourage European companies to switch to more environmentally friendly imports within the EU. A test period will begin in October 2023 and the implementation of the mechanism depends on a successful negotiation this week about ending free emission quotas. The European Parliament wants these quotas to be phased out completely by 2027.

What is a Carbon Border Tax?

A Carbon Border Tax is a type of carbon pricing policy that applies to imports and exports. It is designed to level the playing field for domestic producers by making sure that imported goods are subject to the same carbon pricing as domestic products. This type of tax can be used to discourage countries from importing high-carbon goods and encourage them to produce more sustainable products. The goal of this type of tax is to reduce global greenhouse gas emissions while promoting fair trade practices.
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The European Parliament and EU Member States announced this Tuesday morning that they have adopted an unprecedented mechanism to make European industrial imports greener by charging for the carbon emissions associated with their production. This process, commonly known as a „carbon tax at the border“, will subject imports in several sectors (steel, aluminum, cement, fertilizers, electricity, and hydrogen) to the EU’s environmental standards. The goal of this mechanism is to encourage companies to use more environmentally friendly imports within the EU. A trial period will begin in October 2023 and the implementation of the system depends on successful negotiations to end free emission quotas which divide the EU. The European Parliament wants these quotas to be gradually phased out by 2027. In summary, the EU has implemented a carbon tax at its borders in order to incentivize companies to use more eco-friendly imports within Europe.

Understanding the Carbon Tax

The Carbon Tax is a form of taxation that is designed to reduce emissions of carbon dioxide and other greenhouse gases. It works by placing a fee on the burning of fossil fuels, such as coal, oil, and natural gas. This fee can be used to fund renewable energy projects or other initiatives that help reduce emissions. The idea behind the Carbon Tax is to create an economic incentive for businesses and individuals to reduce their emissions, while also providing revenue for environmental protection efforts.
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GreenGo Energy has joined forces with Ringkøbing-Skjern Municipality in Denmark to construct a 4GW Megaton green energy park, which will employ renewable hybrid solar and wind energy. The project is set to be completed before 2030 and it is estimated that the total investment will be around €8bn. With this, Denmark can become a pioneering leader in the P2X industry and hydrogen economy.To power the Megaton project, GreenGo Energy will draw from their development portfolio consisting of 4000 hectares of onshore solar and wind projects within the municipality as well as 2GW of offshore wind taken from their open-door scheme . The exact locations for these power generating assets have not yet been identified, however they will be selected following consultation with local stakeholders and Ringkøbing-Skjern municipality.When operational, Megaton is expected to produce over 1 million tonnes of clean fuel annually. This energy park may create up to 500 permanent jobs within its vicinity plus others in spin-off companies due to surplus heat by-products. Karsten Nielsen, Chief Executive of GreenGo Energy says: “Our ambition with this megaton project is to put Denmark on the world map as a driving force towards 100% green power between now and 2050. We are so pleased with the enthusiasm that Ringkøbing-Skjern Municipality has expressed.”

Summary

• GreenGo Energy has joined forces with Ringkøbing-Skjern Municipality in Denmark to develop a 4GW green energy park using renewable hybrid solar and wind energy.
• The ambition is a production of over 1 million tonnes of green fuels annually and Megaton will be one of the largest fully integrated energy parks in the world.
• It is expected that 300-500 permanent local jobs will be created in connection with the Energy Park, renewable energy projects and spin-off companies that will be created by by-products such as surplus heat.

What is the total expected investment in the Megaton project?

The total expected investment in the Megaton project is €8bn.

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RWE and PPC Renewables have finalized their investment in a large-scale solar project in Greece. The 175 MW (210 MW peak) initiative is to be constructed at the former site of the Amyntaio lignite mine in Western Macedonia. It will require an overall expenditure of €180m, with €90m co-financed by EU funds. Three to five year agreements have been secured with numerous customers as part of long-term power purchase agreements signed between 10 and 15 years. RWE holds a 51% stake in Meton Energy, the joint venture company created to manage the project – the other 49% is held by PPC Renewables. Georgios Stassis, Chairman and CEO of PPC expressed his assurance that clean energy will play a critical role in current and future energy systems worldwide over the next decade and that investments like this show commitment to the energy transition while also identifying Western Macedonia as an important centre of energy innovation.The agreement between RWE and PPC Renewables could result in up to 2GW (peak) worth of solar deployment in Greece, with both companies offering similar sized development pipelines. Building is set to begin this spring, with commissioning planned for early 2024.

Summary

• RWE and Greek developer PPC have reached a final investment decision to build 175MW (210MW peak) of solar capacity in Greece.
• The 200MW of capacity will require a total investment of €180m, with €90m co-financed by EU funds.
• Through Meton Energy, RWE Renewables and PPC Renewables are developing solar projects with a total capacity of up to 2GW (peak) in Greece.

What is the total investment cost of the 175MW (210MW peak) solar capacity in Greece?

The total investment cost of the 175MW (210MW peak) solar capacity in Greece is €180m, with €90m co-financed by EU funds.

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ETHERO Truck + Energy is launching as an exclusive East Coast franchised dealership for Nikola Tre battery-electric and hydrogen fuel cell electric vehicles and Lonestar SV battery electric terminal tractors. The company will open two flagship locations in Mechanicsville, VA, and Elkridge, MD to serve the greater metropolitan areas of Richmond and Baltimore. ETHERO also plans to expand its territory to include Washington D.C., Delaware, North Carolina, and South Carolina. They will have four trained EV technicians on staff with more to come, as well as sales positions available starting in the first quarter of 2023.

ETHERO Truck + Energy is launching as a zero-emissions truck dealership and energy solutions provider on the East Coast. It will open two flagship locations in Virginia and Maryland with plans to expand into other states in the Mid-Atlantic region. The company will offer sales and service for multiple zero-emission truck brands, as well as EV charging stations for fleet operators. They also plan to hire additional EV technicians and sales personnel in the near future.

Zero-Emissions: A Growing Trend

The trend toward zero-emissions vehicles is growing rapidly. Automakers are increasingly investing in the development of electric and hybrid vehicles, as they offer a clean and efficient alternative to traditional gas-powered cars. Governments around the world are also beginning to incentivize the purchase of zero-emissions vehicles, with subsidies and tax credits to encourage people to make the switch. As more people become aware of the environmental benefits of zero-emissions vehicles, their popularity will continue to rise.
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Nikola Corporation and Fortescue Future Industries have signed a Memorandum of Understanding to collaborate on the development of green hydrogen production facilities in the United States. Under the agreement, Nikola will evaluate potential offtake opportunities from projects being pursued by FFI. The companies will also explore the potential for co-developing new green hydrogen production and associated infrastructure projects. Shares of Nikola rose 1.1% after this announcement was made. In summary, Nikola and Fortescue Future Industries have agreed to collaborate on developing green hydrogen production facilities in the United States, with an aim to evaluate offtake opportunities and explore potential for co-development of new green hydrogen production infrastructure.

The Benefits of Green Hydrogen

Green hydrogen is a clean, renewable energy source that can be used to power homes, businesses and vehicles. It is produced by splitting water molecules into hydrogen and oxygen through electrolysis, using renewable energy sources such as solar or wind power. The result is a clean fuel with no emissions, making it an attractive alternative to fossil fuels. Additionally, green hydrogen can be stored for long periods of time and easily transported, making it a viable option for large-scale energy production. As the technology continues to develop, green hydrogen could become an important part of the global effort to reduce carbon emissions and combat climate change.
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The exceet Group has announced the acquisition of APEX Group, a developer and operator of “green” hydrogen electrolysis plants from Rostock. As part of the agreement, exceet will take over all APEX shares: 20.8% for a cash purchase price of 25 million euros and 79.2% for the issuance of almost 16.3 million new exceet shares as part of a contribution in kind. APEX is to receive 87 million euros – 70 million euros are to flow into the project pipeline and the rest is to be used to pay off debts. The combined group is expected to become an internationally established project developer and operator of „green“ hydrogen electrolysis plants, using renewable energy sources such as solar or wind energy. In addition, a long-term management incentive program has been agreed upon, which provides for the issuance of up to 3.64 million stock options under which eligible persons may subscribe up to 3.64 million new shares subject to the agreed exercise price and vesting conditions.

Hydrogen as a Fuel Source

Hydrogen is a clean and renewable energy source that can be used to power vehicles, generate electricity, and heat homes. It is the most abundant element in the universe and can be produced from a variety of sources, including water and biomass. Unlike fossil fuels, hydrogen does not produce emissions when burned and can be safely stored for long periods of time. In addition, it is an efficient fuel source that can be used to power cars with higher efficiency than gasoline or diesel engines. Hydrogen-powered vehicles are becoming increasingly popular due to their environmental benefits, cost savings, and convenience.
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Exceet, a publicly listed investment group, has taken over Apex, an energy company specializing in water electrolysis plants located in Rostock-Laage. As part of the transaction, Apex will receive around 87 million euros of fresh capital, 70 million of which will be used for electrolysis projects and 17 million to pay off liabilities. 20.8% of the shares will be purchased for a cash price of 25 million euros while the remaining 79.2% will be acquired through the issuance of new Exceet stocks. The project is expected to be completed by 2027 with an estimated investment volume of 199 million euros and a planned start date of February 2023.

Investment Benefits

Investing your money is an excellent way to grow your wealth over time. With a well-planned investment strategy, you can earn returns on your money that are higher than what you would get from traditional savings accounts. Additionally, investment portfolios can be diversified across different asset classes, providing the potential for greater returns and risk management. Investing also allows you to take advantage of tax benefits, such as capital gains tax breaks or other incentives offered by the government. Ultimately, investing provides an opportunity to build long-term financial security and create wealth for yourself and future generations.
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The stock of the Norwegian hydrogen company Nel ASA has recently experienced some profit taking, causing it to drop from 16.98 Norwegian Kroner to 15.65 Norwegian Kroner. This has resulted in the stock reaching its first strong support levels. There is a potential for an upward movement if the current chart technical support levels remain intact, potentially leading to a reattempt at breaking through the resistance zone of 17.44/17.61 Norwegian Kroner. However, if these support levels are broken, there could be a consolidation towards 13.21/13.28 Norwegian Kroner and lower. In summary, caution is advised when trading this stock as it is currently experiencing volatility due to profit taking after its previous hype period.

Benefits of Profit Taking

Profit taking is an important part of any successful investment strategy. It allows investors to lock in gains and minimize losses. By taking profits when the stock price is high, investors can protect themselves from market downturns and prevent their portfolio from suffering from too much volatility. Additionally, profit taking gives investors more control over their investments by allowing them to decide when it’s time to move on from a particular stock or sector and reinvest elsewhere. Finally, by taking profits, investors are able to increase their overall return on investment by reducing the amount of money spent on commissions and fees.
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This article discusses the current state of biotechnological production of hydrogen as a source of energy. Hydrogen is seen as a “freedom energy”, but in reality most of it is still produced from fossil sources. To meet climate neutrality goals by 2050, electrolysis must increase by 6000-8000 times. One potential source of green hydrogen is through photosynthesis in algae and bacteria, however this process produces oxygen which inhibits the enzyme responsible for water splitting. Scientists are exploring ways to use genetic engineering to reduce the amount of oxygen produced and thus increase efficiency.

Hydrogen as a Renewable Energy Source

Hydrogen is one of the most abundant elements in the universe and has been identified as a potential source of renewable energy. Hydrogen can be used in fuel cells to generate electricity without producing any emissions, making it an attractive option for clean energy production. Hydrogen can also be used to store energy from renewable sources such as solar or wind power, allowing for more efficient use of renewable energy resources. In addition, hydrogen can be produced from water through electrolysis, making it an affordable and accessible form of renewable energy.
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