Hystar, a Norwegian green hydrogen technology company, recently raised $26 million in Series B equity funding. The funding was co-led by AP Ventures and Mitsubishi, with other investors including Finindus, Nippon Steel Trading, Hillhouse Investment and Trustbridge Partners. Hystar plans to use the funds to expand into new markets and develop the ability to work on larger projects of 100MW or more. They also have a goal of having an automated GW-capacity manufacturing facility by 2025. In addition, Yara has entered a pilot project to test a method of producing green ammonia using Hystar technology which is expected to be commissioned in 2023. The article concludes by noting that there is growing demand for Ireland to capitalise on the potential of green hydrogen and that Europe needs to look at achieving “full commercial opportunity” in this sector.

The Promise of Green Hydrogen

Green hydrogen is a promising clean energy source that has the potential to reduce greenhouse gas emissions and provide a reliable, renewable energy source. It is produced through electrolysis, which uses electricity to split water molecules into oxygen and hydrogen. The hydrogen produced can be used as a fuel for transportation or other applications such as heating and cooling. Green hydrogen also has the potential to be stored and transported like any other energy source, making it an attractive option for countries looking to reduce their reliance on fossil fuels.
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The Los Angeles City Council has delayed a final vote on a plan to shift the Scattergood Generating Station, a power plant in Playa del Rey, to be powered by green hydrogen instead of natural gas. This is due to new council members joining in between the two readings and concerns from some environmental groups about the impact of green hydrogen on the climate and lack of transparency from officials. The $800 million plan was initially approved 8-3 but needs more votes for final approval. Council President Paul Krekorian believes that the shift to green hydrogen is necessary for Los Angeles to meet its goal of achieving 100% clean energy by 2035, but environmental groups have voiced their concerns about potential emissions and water usage.

The Advantages of Green Hydrogen

Green hydrogen is a clean and renewable energy source that has the potential to revolutionize the way we produce and use energy. It is produced by electrolyzing water with an electric current, which separates the hydrogen from oxygen. This process does not create any emissions, making it a zero-carbon energy source. Additionally, green hydrogen can be used for many different applications such as transportation, electricity production, and industrial processes. Its low cost and scalability make it an attractive option for countries looking to reduce their reliance on fossil fuels and achieve carbon neutrality.
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The Los Angeles City Council has delayed a final vote on a plan to shift the Scattergood Generating Station, a power plant in Playa del Rey, to be powered by green hydrogen instead of natural gas. The item passed 8-3 in its first reading in December, but with new council members joining since then, the dynamics of the vote could change. Two new members have requested a report from the Los Angeles Department of Water and Power to provide more context to the use of green hydrogen at the plant. Environmental groups have raised concerns about potential climate impacts and water usage for the project. The council president has argued that it is necessary for Los Angeles to meet its goal of 100% clean energy by 2035. However, some environmental groups are pushing back against this plan due to potential emissions and costs compared to other renewable energy sources such as solar, wind or battery storage.

Green Hydrogen: The Future of Renewable Energy

Green hydrogen is a clean and renewable energy source that has the potential to revolutionize the way we power our homes and businesses. It is produced by electrolysis, a process that uses electricity from renewable sources such as solar, wind, and hydropower to split water molecules into hydrogen and oxygen. This process produces zero emissions, making it an environmentally friendly alternative to fossil fuels. Green hydrogen can be used in a variety of ways, from powering fuel cells for transportation to providing heat for industrial processes or even fueling entire cities. With its low cost and widespread availability, green hydrogen could be the key to unlocking a cleaner, greener future.
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The Sarawak government is looking for new ways to increase its revenue in line with the Post Covid-19 Development Strategy (PCDS) 2030. This includes utilizing hydrogen energy and carbon capture and storage technology as new income sources instead of relying on conventional sources like diesel. The implementation of PCDS 2030 also aims at technological development which will increase the income level in the state, allowing locals to receive higher pay. This was stated by Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg at a keynote address held at the Borneo Convention Centre Kuching (BCCK).

Revenue Generation Strategies

Businesses must have a strategy for generating revenue in order to remain competitive and successful. This typically involves identifying customer needs, creating products or services that meet those needs, and then pricing them appropriately. Additionally, businesses must consider marketing strategies to reach their target audience and create an efficient sales process to maximize revenue. Other tactics such as leveraging partnerships and developing loyalty programs can also help increase revenue. By carefully evaluating the market and implementing effective strategies, businesses can ensure they are maximizing their income potential.
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The Bank of Canada is set to make its next rate decision soon, and there are two key things to watch out for. Firstly, the Bank’s view on the economic outlook will be important. The Bank will likely assess whether the economy is continuing to recover from the effects of the pandemic or if more stimulus is needed. Secondly, it will be important to see how the Bank responds to recent inflationary pressures, as higher prices could cause them to adjust their interest rate.

This article discusses two key points ahead of the Bank of Canada’s upcoming interest rate decision: their view on the economic outlook and how they may respond to rising inflationary pressures.

Interest Rate Fluctuations

Interest rates are the cost of borrowing money and can have a significant impact on an economy. Interest rates are set by central banks, such as the Federal Reserve in the United States, and can be adjusted to manage economic growth. When interest rates rise, it becomes more expensive to borrow money, leading to slower economic growth. Conversely, when interest rates fall, it becomes cheaper to borrow money and this can lead to increased economic activity. As a result, fluctuations in interest rates can cause significant changes in an economy’s health.
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In this article, the author discusses the question of whether hydrogenated peanut butter is as healthy as non-hydrogenated peanut butter. They explain that hydrogenation adds saturated fat to the product, which can raise levels of LDL cholesterol and increase the risk of heart disease. However, they also note that partially hydrogenated oils are no longer allowed in food products due to their high trans fat content. Ultimately, they advise that the healthiest peanut butter is one with zero trans fat and a low amount of saturated fat, regardless of whether it is hydrogenated or not. In conclusion, while there may be some added saturated fat from hydrogenation, it is likely not something to worry about.

Benefits of a Healthy Lifestyle

Living a healthy lifestyle has numerous benefits. Eating a balanced diet, exercising regularly, and getting enough sleep can help improve physical health, mental well-being, and overall quality of life. It can also reduce the risk of developing chronic diseases such as diabetes and heart disease. Additionally, it can boost energy levels, sharpen memory and concentration, reduce stress levels, improve moods, and promote better relationships with family and friends. Taking steps to live a healthier life is an important part of taking care of yourself.
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Toyota is showcasing two concepts of their classic AE86 model at the Tokyo Auto Salon show. One concept runs on battery power and the other runs on hydrogen fuel. The battery powered version has a manual transmission and parts from hybrid Tundra and Prius models, but only produces 48 horsepower. The hydrogen powered version has some parts from Toyota’s Mirai model and preserves the original AE86 driving experience. Both versions have paint jobs inspired by Initial D, an anime that famously featured an AE86. Toyota hinted that they are considering making it easier for people to convert their own beloved AE86s into electric or hydrogen powered versions.

Electric vs Hydrogen

Electric and hydrogen power are both viable options for powering vehicles. Electric cars typically have a lower upfront cost than hydrogen cars, but they require more frequent charging. Hydrogen cars, on the other hand, have a higher initial cost but can travel further on a single tank of fuel. Both types of cars produce zero emissions, making them environmentally friendly choices for transportation. Ultimately, the decision between electric and hydrogen power comes down to personal preference and budget.
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This week’s Current Climate looks at the efforts being made to reduce carbon emissions from natural gas-fired power plants, as well as the high cost of major natural disasters in the United States. It also discusses how climate change is impacting ecosystems and utilities, and introduces some new sustainable deals that are happening in the world. These include hydrogen funding, carbon removal, and enzymes. By taking action now, it is possible to make a difference in reducing global warming and its effects.

Reducing Carbon Emissions

Reducing carbon emissions is essential to combatting climate change and protecting the environment. Many countries have adopted policies to reduce their carbon footprint, such as increasing renewable energy sources, developing green technologies, and implementing carbon taxes. Individuals can also take action by reducing their own energy consumption and taking public transportation. Taking small steps towards reducing our carbon emissions can make a big difference in the long run.
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NASA is planning to establish a presence on the moon, which will allow them to practice living in space sustainably and learn about how Earth was formed. The moon has water, which could be used as rocket propellant, and its low gravity makes it an ideal launching point for other points of the solar system. NASA is exploring the possibility of building a nuclear reactor and solar farms on the moon, as well as utilizing resources already present there such as regolith. They are also considering creating a lunar economy that would help sustain a permanent presence.

Moon Exploration

The Moon has been the subject of human fascination for centuries, and more recently, exploration. In 1969, the Apollo 11 mission became the first successful human mission to land on the Moon, with astronauts Neil Armstrong and Edwin „Buzz“ Aldrin famously taking their first steps on its surface. Since then, several other missions have landed on the Moon to explore its geography and geology. In addition to sending humans to the Moon, many robotic spacecraft have also been sent to study it from orbit and collect samples of lunar soil and rocks. The data collected from these missions has helped scientists uncover new information about the origin and evolution of our natural satellite.
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President Yoon Suk Yeol of the Republic of Korea visited the UAE and discussed ways to strengthen bilateral relations in nuclear power plants, energy, investment, and defence industry. The two countries are looking at ways to collaborate in climate change responses, science and technology, future new industries, healthcare, cultural exchange, and other areas. President Yoon was accompanied by a delegation of over 100 Korean business leaders and government officials. This year’s COP 28 will assess progress towards the Paris Agreement Goals and it is expected that the UAE will play an important role in this regard as they have declared their goal of carbon neutrality.

Carbon Neutrality in Practice

One way to achieve carbon neutrality is to reduce the amount of carbon emissions that are produced. This can be done through energy efficiency measures such as switching to renewable energy sources, or by reducing the amount of energy used. Additionally, carbon offsets can be purchased to compensate for the remaining emissions. Carbon offsets involve investing in projects that reduce emissions elsewhere, such as planting trees or investing in clean technology. By implementing these strategies, it is possible to offset the amount of carbon emitted and become carbon neutral.
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