Energy company Steag has split into two parts, with one part focusing on fossil energy and the other on renewable energy sources such as wind, solar and hydrogen. The new company Iqony is expecting significant profit growth in the coming years, with an operating profit of over 350 million euros predicted by 2027. This growth will be driven by investments from its coal-based activities, as well as increased energy prices due to the current crisis. The company also plans to focus on heat production and is already Germany’s third-largest provider of district heating. Plans to sell the company have been accelerated due to its recent successes.

Maximizing Profit

Profit is the primary goal of any business. It is the difference between total revenue and total expenses, and it is important for businesses to maximize their profits in order to stay competitive and successful. Companies can increase their profits by reducing costs, increasing sales, or finding new ways to monetize their products or services. Additionally, businesses should focus on providing quality customer service and building strong relationships with customers in order to maximize profit potential.
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Norwegian company Hystar just completed a Series B fundraising round that provides $26 million in equity to their growth and expansion into new markets. This capital will also assist in full commercialization of automated GW-capacity production lines by 2025. The round was co-led by AP Ventures and Mitsubishi Corporation, and other investors include Finindus, Nippon Steel Trading, Hillhouse Investment, Trustbridge Partners, SINTEF Ventures, and Firda. Hystar is credited with ultra-efficient PEM electrolysers patented design. These products feature a 90% thinner membrane compared to conventional electrolysers which produces up to 150% more green hydrogen. Hystar CEO Fredrik Mowill voiced his optimism for the funding, stating that it will allow them to deploy their game-changing technology on larger scale projects without delay.Charlie Clark from AP Ventures commented on the successful fundraising as well as their future goals: “We have been amazed by the results achieved by Hystar over the last few years and are glad to lead this Series B funding round alongside Mitsubishi Corporation… We look forward to watching [them] produce efficient green hydrogen in an attempt to decarbonize industry and society”.

Summary

• Hystar has raised US$26m (€24.2m) for green hydrogen production
• The injection of capital will fuel Hystar’s growth, expansion into new markets and ability to deliver 100MW projects
• Hystar’s PEM electrolysers have been designed for mass manufacturing with an ultra-efficient design boasting a 90% thinner membrane than conventional electrolysers

What investors and financial partners are involved in Hystar’s Series B funding round?

The investors and financial partners involved in Hystar’s Series B funding round are AP Ventures, Mitsubishi Corporation, Finindus, Nippon Steel Trading, Hillhouse Investment, Trustbridge Partners, SINTEF Ventures and Firda.

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The European Parliament and the EU Member States announced on Tuesday morning that they have adopted an unprecedented mechanism to make European imports greener by charging for carbon emissions related to their production. Commonly known as a ‚carbon tax at the borders‘, this scheme will subject imports in several sectors (steel, aluminium, cement, fertilizers, electricity and hydrogen) to EU environmental standards. The ‚Carbon Border Adjustment Mechanism‘ is a complex process that will require companies importing goods from outside of the EU to pay for the material, greenhouse gas emissions and electricity needed for its production. The aim is to encourage European companies to switch to more environmentally-friendly imports within the EU. Negotiations are taking place this week regarding the elimination of free emission quotas which has divided opinion within the EU. The European Parliament wants these quotas phased out by 2027 while some Member States fear that businesses may leave their territories without them.

How the Carbon Border Adjustment Mechanism Works

The Carbon Border Adjustment Mechanism (CBAM) is a policy tool designed to ensure that countries are held accountable for their carbon emissions. It works by placing a fee on imported goods based on their carbon intensity, meaning that products with higher carbon footprints will be more expensive to import. This encourages countries to reduce their own emissions and incentivizes them to purchase lower-carbon goods from abroad. CBAM also serves as a revenue source for governments, which can then use the funds to finance green infrastructure projects or other climate-related initiatives.
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Germany and Norway plan to join forces in the future business of hydrogen. The German company RWE and the Norwegian energy company Equinor have signed a declaration of intent that includes many goals such as building large facilities for the production of blue hydrogen from natural gas in Norway, where the CO2 produced will be separated and stored under the sea. In Germany, new power plants are planned that will initially be operated with natural gas and then gradually with hydrogen as an energy carrier. The two companies also plan to build offshore wind farms that will enable the production of green, CO2-free hydrogen as an energy source for electricity and other industrial customers in Germany. Environmental activists criticize this plan, arguing that blue hydrogen is not a solution to the climate crisis and could lead to leaks of CO2 if there were earthquakes.

Hydrogen: The Most Abundant Element

Hydrogen is the most abundant element in the universe. It makes up about 75% of all matter, and it can be found in stars, planets, and even comets. Hydrogen is also an important part of life on Earth; it is a major component of water molecules and many organic molecules. In addition to being a key building block for life, hydrogen is also used as a fuel source. When combined with oxygen, it produces energy through combustion or electrolysis. This energy can be used to power cars, generate electricity, and even launch rockets into space.
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Thyssenkrupp Steel Europe is offering more apprenticeships in 2023 and introducing a new “Additional Qualification Hydrogen” course developed in collaboration with the IHK Niederrhein. This year, they are creating 350 positions instead of 300, 220 of which will be based in Duisburg. The course will help the industrial-technical apprentices to learn how to work with hydrogen and includes an IHK-certified exam. The company is transforming their steel production to become more climate friendly and is looking for highly qualified personnel. Aspiring “Steelers” can apply now on their website for a modern and sustainable training program that offers excellent job prospects.

Hydrogen: The Most Abundant Element in the Universe

Hydrogen is the most abundant element in the universe, making up approximately 75% of all ordinary matter. It is also the lightest and simplest element, consisting of only one proton and one electron. Hydrogen is a colorless, odorless gas that can be found in stars, planets, and interstellar space. It has many uses here on Earth, including fuel for rockets and cars, as well as being used to create ammonia for fertilizer and hydrogen peroxide for cleaning.
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Germany and Norway have agreed to build a pipeline for the delivery of hydrogen between the two countries by 2030. The companies RWE and Equinor will cooperate in this project. Hydrogen is expected to be important for new power plants in Germany, as well as for carbon capture and storage (CCS) technology, which is currently prohibited in Germany. Norway is already the main supplier of gas to Germany, providing more than one third of German demand.

Hydrogen – The Most Abundant Element

Hydrogen is the most abundant element in the universe, making up around 75% of all mass. It is also the lightest element, with an atomic weight of 1.008. Hydrogen can be found in many different forms, including molecular hydrogen (H2), diatomic hydrogen (H2), and atomic hydrogen (H). Hydrogen has been used for centuries in various industries, such as fuel production and water purification. It is also a key component in many industrial processes, such as ammonia production and hydro-cracking. As a result, hydrogen plays an important role in our everyday lives.
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Germany and Norway have agreed to a strategic energy partnership with the goal of building a hydrogen pipeline between the two countries by 2030. The Norwegian energy company Equinor will initially supply Germany with hydrogen generated from natural gas, and eventually with renewable energy. RWE has also signed an agreement to purchase this hydrogen from Equinor. Additionally, the two countries are looking into Carbon Capture and Storage (CCS) technology for storing CO2 underground in order to reduce emissions from steel and cement industries.

The Benefits of Hydrogen

Hydrogen is an important element in our world, and its uses are numerous. It has the highest energy content per unit mass of any fuel, making it an ideal source of energy. It is also non-toxic, non-polluting, and can be produced from renewable sources such as solar or wind power. Hydrogen is also a key component in many industrial processes, such as fertilizer production and oil refining. Finally, it can be used to store electricity generated by renewable sources for use when demand is high. Hydrogen truly is the fuel of the future!
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German Federal Minister of Economics, Robert Habeck, has sealed a partnership between Germany and Norway to build a hydrogen pipeline between the two countries by 2030. Additionally, they plan on collaborating on underground storage of CO2 emissions. Habeck also wants to make changes that will allow for CO2 separation for steel and cement industries.

Hydrogen in Everyday Life

Hydrogen is the most abundant element in the universe, making up roughly 75% of all matter. It is also present on Earth, where it can be found in water, hydrocarbons, and living organisms. Hydrogen has many practical uses in everyday life. For example, it is used to produce ammonia for fertilizer, to refine petroleum for fuel and to create electricity through fuel cells. Hydrogen can also be used as a clean energy source since its combustion produces only water vapor and heat. Additionally, hydrogen-powered cars are becoming increasingly popular due to their efficiency and environmentally friendly nature.
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German Federal Minister of Economics, Robert Habeck, and Norway have agreed to form a partnership in order to build a hydrogen pipeline between the two countries by 2030. The partnership will also focus on underground storage of carbon dioxide (CO2) gas, with Habeck aiming to make it possible for the steel and cement industries to capture CO2.

Harnessing Hydrogen for Clean Energy

Hydrogen has long been viewed as a clean and efficient energy source. It can be used to power vehicles, heat homes, and provide electricity. In addition, it is abundant in nature and does not produce any pollution when burned, making it an attractive option for reducing carbon emissions. Scientists are now working on ways to harness hydrogen for fuel cells and other technologies that could revolutionize the way we generate energy. With advances in technology, hydrogen may soon become the primary source of clean energy in our world.
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Wirtschaftsminister Olaf Lies (SPD) hat vorgeschlagen, dass Wilhelmshaven als Ziel einer Pipeline aus Norwegen für grünen Wasserstoff dienen soll. Er erklärte, dass Niedersachsen als Standort ideal geeignet ist und der Seeweg es ermöglicht, den Wasserstoff weiterzuverteilen. Bundeswirtschaftsminister Robert Habeck (Grüne) hat kürzlich in Norwegen ein Papier zur Produktion und Import von grünem Wasserstoff unterzeichnet. Darüber hinaus werden Milliarden in Wasserstoff-Projekte investiert, um die Umwelt zu schützen und Energie zu sparen.

Grüner Wasserstoff als Energiequelle

Grüner Wasserstoff, auch bekannt als Wasserstoffgas, ist eine saubere und erneuerbare Energiequelle. Es wird durch die Elektrolyse von Wasser mit erneuerbaren Energien wie Sonnen- oder Windenergie hergestellt. Grüner Wasserstoff ist ein vielseitiger Kraftstoff, der sowohl für den Transport als auch für die industrielle Anwendung verwendet werden kann. Darüber hinaus kann es in Brennstoffzellen zur Erzeugung von Strom und Wärme genutzt werden. Grüner Wasserstoff ist eine umweltfreundliche Lösung, da es keine schädlichen Emissionen produziert.
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