French utility firm, Engie, has announced that it plans to switch all of its gas operations to biogas and renewable hydrogen. The company has given itself until 2050 to fully switch to 100% green energy. Engie already has 70 biogas projects in the works worldwide, with 40 based in France
Energy Voice 5th Dec 2017 read more »
French utility Engie plans to switch all of its gas operations to biogas and renewable hydrogen by 2050, making it 100 percent green, its chief executive said on Monday. The power and gas group has some 70 biogas projects worldwide, including 40 in France, and says that if all its projects get approval its annual investment in biogas could soar tenfold to hundreds of millions of euros per year. Engie, which has sold its fossil gas activities as part of a broader restructuring, is also looking to invest in industrial-scale hydrogen production by electrolyze water in places where solar energy is cheap. Kocher said the world was focused on decarbonising electricity via renewable energy, but that electricity only accounts for a minor part of total energy demand. Engie wants to produce hydrogen gas with solar energy by electrolyze water at a price that would make it more competitive with steam reforming of hydrocarbons, which accounts for 95 percent of hydrogen produced today and costs about 2 euros per kilo, compared to 6 euros/kilo for electrolysis.
Reuters 5th Dec 2017 read more »