Weekly News Round Up 03/02

WEEKLY NEWS ROUND UP

Welcome to February's first Weekly News Round Up!

Here are our top 5 news pieces for this week with key takeaways:

1. Clean Power Hydrogen – CPH2 Signs Manufacturing Agreement with Fabrum Solutions - Clean Power Hydrogen - CPH2 Signs Manufacturing Agreement with Fabrum Solutions - Hydrogen Central (hydrogen-central.com)

 ⭐ Key takeaways:

• Clean Power Hydrogen (CPH2) , the UK-based #greenhydrogen technology and manufacturing company that has developed the IP-protected Membrane-Free Electrolyser has announced that it has executed a manufacturing agreement with New Zealand based FABRUM. Solutions Ltd, one of the world’s leading cryogenic systems manufacturers for gas separation and hydrogen #liquefaction 📜
• The agreement is for a period of ten years and will allow an acceleration of the roll out of the CPH2 #technology across Australia and New Zealand as the #market for hydrogen grows rapidly 🌏
• CPH2 has also executed a deed of variation to its existing supply agreement with Fabrum to allow it to purchase DPWG Cryocoolers for embedding in its MFE products on an exclusive basis ❄
• CPH2 is committed to its #strategictarget of 4GW MFE annual production by 2030; of this 1GW will be in-house #manufacturing and assembly and 3GW will be via license agreements such as that agreed with Fabrum 🟢

2. Europe unveils $270 billion response to US green subsidies - Europe unveils $270 billion response to US green subsidies | CNN Business

 ⭐ Key takeaways:

•  The European Union unveiled plans for its own “Green Deal” Wednesday to cut red tape and deliver #taxbreaks ✂
• The Green Deal Industrial Plan will “enhance the competitiveness of Europe’s net-zero industry” by simplifying #regulation , speeding up access to #finance , enhancing skills and building “resilient” supply chains through new trade deals, the European Commission said in a statement 🔄
• The proposals, which will be debated by EU leaders next week, would make €250 billion ($272 billion) available from existing EU funds for the greening of industry, including offering tax breaks to businesses investing in #netzero technologies 💶
• Also proposed in the plan is the Net Zero Industry Act, which would speed up the issuance of permits for #green projects, and the Critical Raw Materials Act, which would aim to secure the EU supply of rare earth #minerals vital to developing net-zero technologies ⚒

3. Air Liquide and TotalEnergies to develop 100 hydrogen stations - Air Liquide and TotalEnergies to develop 100 hydrogen stations (h2-view.com)

⭐ Key takeaways:

• The stations will be geared towards #heavyduty vehicles on major European road corridors, enabling the development of hydrogen’s use for goods #transportation 🚛
• The venture, due to launch this year, aims to deploy the stations on roads in France, Benelux and Germany in the coming years, under the TotalEnergies brand ⛽
• The two companies will utilise their experience in #infrastructure , hydrogen distribution and #mobility , whilst TotalEnergies will bring its expertise to the distribution of energies to back-to-back customers 🟢

4. Linde to Increase Green Hydrogen Production in California - Linde to Increase Green Hydrogen Production in California (yahoo.com)

⭐ Key takeaways:

• Linde has announced plans to increase its #greenhydrogen production capacity in Ontario, California, in response to growing #demand from the mobility market 🚗
• The new #electrolyser together with the existing plant will produce enough green hydrogen to avoid up to 75,000 metric tons of #carbondioxide equivalent #emissions per year. Expected to start up in the second half of 2024, the new electrolyser is one of several green hydrogen projects Linde is planning across the United States 🟢
• “We continue to see growing demand for green hydrogen as decarbonization in the mobility sector becomes a reality,” said Marcos Cuevas , Vice President West Region, Linde 📈
• Growing its established hydrogen business across the #valuechain , Linde is implementing #clean hydrogen projects across a range of applications and industries ✅

5. Green ammonia partnerships start to take off - Green ammonia partnerships start to take off (h2-view.com)

⭐ Key takeaways:

• HYPHEN Hydrogen Energy has signed non-binding Memorandums of Understanding (MoUs) with two major #industrial companies, TGI Solar Power Group has brokered a partnership with TEAL Chimie & Énergie . The partnership aims to provide up to 750,000 tonnes of #greenammonia annually 🟢
• The offtake agreements with an unnamed major #chemical company and Approtium, a South Korean hydrogen producer, involve up to 500,000 tonnes and 250,000 tonnes a year respectively 🧪
• TGI Solar Power Group has also brokered a partnership with TEAL Chimie & Energie, that will launch the company into the #greenenergy sector. TGI and green ammonia specialists TEAL, are looking to optimise the zero-emission ammonia #production market significantly. TGI will deploy TEAL’s green ammonia production plants in the coming years 🏭
• TEAL’s major focus has been developing and #constructing its green ammonia production sites in North America, with the first 400MW of power to be installed at locations in Quebec, Canada, Northeast USA and the Southwestern United States ⭐🍁
• Jonathan Martel, CEO of TEAL, said “Additionally, we plan to develop facilities around the world to produce millions of tonnes of green ammonia from water and air. Ammonia saved #humanity from #starvation a century ago as a replacement for depleted sources of #fertilisers , and history will repeat itself. Ammonia can save humanity once again as the #workhorse of the hydrogen #economy , replacing petrochemicals to #decarbonise agriculture, transportation and power storage and generation,” 🌱

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