Plans for major hydrogen facilities in Norway and the Isle of Wight have been unveiled this week, as business giants, banks and green campaigners call on world leaders to include hydrogen investment in their Covid-19 recovery plans. The first of the two facilities, proposed by a consortium of European businesses called Norsk e-fuel, is expected to come online in Herøya 2023, producing 10 million litres of hydrogen annually. This output will be predominantly used by the aviation industry. The consortium – comprising carbon capture firm Climeworks, investment firm Valinor, wind developer Nosk Vind, steel manufacturer Paul Wurth and energy technology provider Sunfire – is planning to operate the facility using 100% renewable energy.
Edie 10th June 2020 read more »
When Angela Merkel announced Germany’s extraordinary €70 billion post-coronavirus economic rescue programme last week, one feature stood out: the €9 billion that her government has allocated for investment in hydrogen. Yesterday Berlin followed this up with a new national hydrogen strategy, the goal of which is to turn Germany into a world leader in this promising green technology. Mrs Merkel is betting that hydrogen not only will play a key role in Germany’s own efforts to achieve net-zero carbon emissions but also can become a big global source of energy and thereby help to drive future economic growth. Germany is not alone. Eighteen countries now have hydrogen strategies, including China, Japan and the United States. The European Commission has put hydrogen at the forefront of its own Green New Deal, a proposed package of measures designed to enable the European Union to achieve net-zero emissions by 2050, which is likely to be ratified this month. Meanwhile Portugal plans to invest €7 billion to turn itself into a hydrogen exporter, capitalising on its solar and wind resources to produce green hydrogen. Barclays recently dubbed hydrogen a “climate megatrend” and forecast that the global market would grow eightfold to $1 trillion over the next 30 years. Yet one country is so far missing from the hydrogen party. Britain was the first in the world to set a net-zero carbon emission target, but the government has yet to set out any clear plans as to how this might be achieved. Last year a coalition of 13 industry players set up the Hydrogen Taskforce in Britain to lobby ministers to support the sector. It wants the government to set up its own cross-departmental strategy and to allocate £1 billion to fund hydrogen projects. Thus far the government appears to have provided only £70 million of backing to two small pilot projects. Is Britain in danger of being left behind?
Times 11th June 2020 read more »