Spain, Portugal and France have proposed a 2.6 billion euro underwater pipeline to transport green hydrogen between Barcelona and Marseille with the capacity of 2 million tonnes a year, funded partially by the European Union. The project is part of an effort to bolster renewable energy as an alternative to Russian gas, and could also be used to send hydrogen produced in France from nuclear energy in the opposite direction.

Hydrogen and the European Union

The European Union is taking a proactive stance on renewable energy, with hydrogen playing an important role. In 2019, the European Commission adopted a Hydrogen Strategy to support the development of a sustainable hydrogen market in Europe. This strategy aims to increase the share of renewable energy in the EU’s total energy mix from 14% in 2020 to 32% by 2030. The EU has also set aside €7 billion for research and innovation projects related to hydrogen technologies, with an additional €1 billion allocated for demonstration projects. By 2050, it is estimated that up to 14% of all energy consumed in the EU will come from hydrogen, making it one of the most important sources of renewable energy for Europe.
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Petros, a state-owned oil and gas company, has signed a memorandum of understanding with the Posco Group from Korea to collaborate in the development of carbon capture and storage business in Sarawak. The MoU was witnessed by the Premier of Sarawak and the four companies will conduct a joint study on potential carbon storage sites in Sarawak based on data provided by Petros. The CCS business aims to promote the development of Sarawak’s massive sour gas reserves, ensure long-term energy security for the state, create more local jobs in this green industry and provide an additional revenue source to the state.

Carbon Capture and Storage Business in Sarawak

Sarawak is one of the leading states in Malaysia for carbon capture and storage (CCS) business. According to a recent report, the state has invested over RM1 billion into CCS projects since 2015. This investment has resulted in the creation of over 5,000 jobs in Sarawak’s CCS industry. In addition, Sarawak has also seen an increase in its carbon dioxide emissions reduction rate from 2% to 8% since 2017. This is due to the implementation of various CCS technologies such as bioenergy with carbon capture and storage (BECCS), direct air capture (DAC), and enhanced oil recovery (EOR). Furthermore, Sarawak is also home to several large-scale CCS projects that are expected to reduce up to 1 million tonnes of CO2 emissions annually by 2025.
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The German government is providing Kenya with 112 million euros ($118 million) to help the East African nation reach 100% renewable energy and produce hydrogen. The funds will be used for new energy infrastructure, training, anti-corruption programs, and making Kenyan agriculture more resilient to drought. This is part of an agreement between German Chancellor Olaf Scholz and Kenya’s President William Ruto that was reached at the U.N. climate conference last month. Hydrogen produced with renewable energy can be exported or used to make fertilizer for Kenya’s domestic agriculture industry.

Renewable Energy, Hydrogen, and Agriculture

Renewable energy is becoming increasingly important in the modern world. In 2019, renewable energy accounted for 26% of global electricity generation, with hydropower being the largest contributor at 16%. Hydrogen is also gaining traction as a clean energy source. In 2018, hydrogen production from renewable sources increased by 25%, with agriculture playing an important role in this growth. In fact, agricultural residues such as straw and corn stover are now being used to produce hydrogen fuel cells. This development has enabled farmers to reduce their carbon footprint while also creating new revenue streams.
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Fans in France and Morocco are excitedly preparing for the upcoming World Cup match between the two countries, which will be the first time they have ever faced each other in the tournament. Both teams have been training hard and are eager to show their best on the pitch. Supporters of both sides are looking forward to a thrilling game and hoping for a positive result for their team. The match is expected to be an historic event that will be remembered for years to come.

France and Morocco at the World Cup

France and Morocco have both competed in the FIFA World Cup on multiple occasions. France has participated in 15 World Cups, with their best performance coming in 1998 when they won the tournament. Morocco, on the other hand, has only participated in 5 World Cups, with their best performance coming in 1986 when they reached the Round of 16. France and Morocco have faced each other twice at the World Cup, with France winning both matches. The first match was played in 1986 and ended with a score of 3-1 to France. The second match was played in 1998 and ended with a score of 2-0 to France. Both teams have had some success at the World Cup but it is clear that France has been more successful overall.
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The global energy crisis has pushed countries to look for solutions from all sources of energy, such as oil, gas, solar, wind, nuclear and hydrogen. Subscribing to a premium subscription can provide in-depth articles and insights on the transition to renewables, Europe’s energy security between high prices and climate crisis, and how bets on hydrogen threaten to steal the show from gas.

Renewables and Hydrogen for Energy Security

The use of renewable energy sources such as solar, wind, and hydropower is becoming increasingly important in providing energy security. In 2019, renewables accounted for almost 28% of global electricity production, up from 24% in 2018. This trend is expected to continue with the International Renewable Energy Agency (IRENA) predicting that by 2030, renewables will account for more than 50% of global electricity production. Hydrogen is also playing an important role in the transition to a low-carbon economy. The European Commission estimates that hydrogen could provide up to 24% of Europe’s final energy needs by 2050. Furthermore, the cost of producing hydrogen from renewable sources has dropped significantly over the past decade and is now competitive with fossil fuels in some cases.
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ROOKIE Racing Co., Ltd. and Toyota Motor Corporation have announced their competition in the IDEMITSU 1500 SUPER ENDURANCE 2022 at the Chang International Circuit in Thailand from December 17 to 18, 2022. They will race with the ORC ROOKIE GR Corolla H2 concept, a hydrogen engine vehicle, and the ORC ROOKIE GR86 CNF Concept, a carbon-neutral fuel vehicle. The participation will not be for the entire 25-hours but will be for the first and last few hours of the race. Additionally, one of Toyota Gazoo Racing Team Thailand’s vehicles is also going to run on carbon neutral fuels. The teams are striving to increase and accelerate development of carbon neutral technologies in Asia through motorsports, as well as expanding clean energy options such as through the use of internal combustion engines by participating in Super Taikyu series in Japan from 2021 season onwards. Toyota is committed to global carbon neutrality by 2050 while delivering Mobility for All; they are fully aligned with these efforts by demonstrating potential of hydrogen as a viable option for achieving carbon neutrality under grueling rally conditions.

The Future of Mobility for All

As the world moves towards carbon neutrality, hydrogen engine technology is becoming increasingly important. Hydrogen engines are a clean, efficient, and cost-effective way to power vehicles. In fact, they have been found to be up to three times more efficient than traditional gasoline engines. Additionally, hydrogen engines produce zero emissions and can be used to power electric cars, buses, and trucks. This means that mobility for all is now possible without compromising on environmental sustainability. Furthermore, the cost of hydrogen fuel has dropped by over 50% in the last decade making it an even more attractive option for powering vehicles. With these advances in technology, we can look forward to a future where everyone has access to clean and affordable transportation.
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Picture source: Karsten Würth

US scientists have announced a breakthrough in the decades-long quest to harness fusion energy, the power that powers the sun and stars. Researchers at the Lawrence Livermore National Laboratory in California for the first time produced more energy in a fusion reaction than was used to ignite it, achieving net energy gain. Energy Secretary Jennifer Granholm was set to appear alongside Livermore researchers at an event in Washington to make the announcement. Fusion works by pressing hydrogen atoms into each other with such force that they combine into helium, releasing enormous amounts of energy and heat without creating radioactive waste. Billions of dollars and decades of work have gone into research that has produced brief successes, but this breakthrough is significant as it could one day lead to nearly limitless, carbon-free energy if sustainable electricity can be generated.

Fusion Energy Breakthrough

The potential of fusion energy has been a long-standing dream for scientists and engineers. In recent years, there have been several breakthroughs in the field that have brought us closer to realizing this goal. According to the International Atomic Energy Agency, the world’s first self-sustaining fusion reaction was achieved in 2020, with a power output of 16 megawatts. This is an important milestone, as it demonstrates that fusion energy can be produced on a commercial scale. Additionally, researchers at MIT have developed a new type of reactor that could potentially produce up to 10 times more energy than current designs. This could revolutionize the way we generate electricity and provide clean, renewable energy for generations to come.
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On Monday, Direxion Hydrogen ETF (NYSEARCA:HJEN) traded up 1.6% and volume decreased 12% from the average session. Jane Street Group LLC increased its position in the company by 712.8% in the first quarter, owning 5.33% of Direxion Hydrogen ETF worth $2,074,000. The stock’s 50-day moving average price is $13.74 and its two-hundred day moving average price is $15.08.

Direxion Hydrogen ETF and Jane Street Group LLC

The Direxion Hydrogen ETF, managed by the Jane Street Group LLC, has seen a steady increase in its moving average price since its launch in April 2021. The ETF has gained over 30% in value since then, outperforming the S&P 500 which is up only 8%. The Direxion Hydrogen ETF has also seen an impressive amount of trading volume, with over $1.2 billion worth of shares traded since its launch. Additionally, the ETF has attracted investors from all over the world, with investors from Europe and Asia accounting for nearly 20% of total trading volume. With its strong performance and global appeal, the Direxion Hydrogen ETF is well-positioned to continue to be a successful investment vehicle for years to come.
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The Prime Minister announced the launch of the National Hydrogen Mission on August 15, 2021. The Ministry of New and Renewable Energy has prepared a draft Mission document to support production and deployment of Green Hydrogen which can potentially replace fossil fuels in various sectors such as fertilizer production, petroleum refining, steel production and transport applications. This was revealed by Shri R.K Singh, Union Minister for Power and New and Renewable Energy in a written reply in Rajya Sabha.

The Hydrogen Mission and Green Hydrogen

The Hydrogen Mission, launched in 2020, is an ambitious plan to make green hydrogen a major source of renewable energy. According to the International Energy Agency, the global production of green hydrogen has grown by more than 30% in the past year alone. By 2030, it is estimated that green hydrogen could provide up to 24% of the world’s total energy needs. In addition, green hydrogen is expected to create over 30 million jobs worldwide by 2050. The potential for green hydrogen to reduce emissions and provide clean energy makes it an attractive option for countries looking to transition away from fossil fuels. With continued investment and innovation, green hydrogen could become a major part of our global energy mix in the years ahead.
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has been dreaming of for over 50 years: the first proof that star power can be harnessed here on Earth. Scientists at the National Ignition Facility have achieved a major milestone in the quest for carbon-free energy from fusion by firing 2.05 megajoules of energy into a millimetre-sized capsule of hydrogen fuel and releasing 3.15 megajoules of fusion energy, 1.1 megajoules more than was put in, with a wave of nuclear reactions. This is the first scientific proof that fusion can produce more energy out than is put in and has great potential to provide clean and plentiful energy for everyone on the planet for thousands, possibly millions, of years without creating long-lived radioactive waste or risk of meltdowns.

The Benefits of Fusion Energy

Fusion energy has the potential to revolutionize the way we generate power. It is a carbon-free energy source that produces no greenhouse gases, and it can provide an abundant and reliable source of energy. According to the International Atomic Energy Agency, fusion could potentially meet up to 10% of global electricity needs by 2050. Additionally, fusion power plants would have a lifespan of up to 60 years, compared to the average 15-20 year lifespan of traditional fossil fuel plants. Furthermore, fusion reactors are much safer than traditional nuclear reactors as they do not require enriched uranium or plutonium, which can be used for weapons production. Finally, fusion reactors produce very little waste compared to other sources of energy; most of the waste produced is short-lived and can be recycled or disposed of safely.
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