Hydrogen Intelligence - H2lligence’s Post

Marvel-Tech, a leading company in developing hydrogen and hydrogen derivatives-fueled gas turbines, announced its completion of raising hundreds of millions of RMB in its Pre-Series B financing round. The funding round was led by Qiming Venture Partners. The proceeds will primarily be used to establish a hydrogen and hydrogen derivatives-fueled gas turbine mass production and assembly center and a high-power full-scale performance testing center. This will accelerate the commercial delivery of Marvel-Tech's independently developed hydrogen and hydrogen derivatives-fueled gas turbines for multiple orders involving "hydrogen-ammonia-methanol" and industrial by-product hydrogen applications. Nan Chen, Principal of Qiming Venture Partners, commented: "Renewable energy systems and value chains surrounding green hydrogen are being developed rapidly on a global scale. Marvel-Tech has pioneered hydrogen and hydrogen derivatives-fueled gas turbines' mass production, filling up a gap in the green hydrogen consumption chain. This innovative product can address significant market demands in a burgeoning market. Given China's limited oil and natural gas resources, this technology will not only accelerate the country's green transition and deep industrial decarbonization, but also seize the $200 billion global market opportunity for upgrading traditional gas turbines to greener solutions. Marvel-Tech's gas turbine is set to become a key part of the renewable energy-to-electricity conversion process. With the obvious benefits of gas turbines and Marvel-Tech's readiness in research and production, Qiming Venture Partners firmly believes that the company is poised to excel in this cutting-edge field and create a long-lasting impact on the global stage." #HydrogenTechnology #GreenHydrogen #GasTurbines #CleanEnergy #RenewableEnergy #Decarbonization #SustainableTechnology #EnergyTransition #QimingPortfolio #QimingTechnology Read More: https://lnkd.in/gFD7ziZD

“Power to Hydrogen has raised $18 M to deploy the world’s first industrial-scale #AEMelectrolysis technology” “Power to Hydrogen Inc., a leader in #advancedelectrolysistechnologies , announced today it has raised over $18 million to scale and deploy the world’s first industrial-scale #AEMelectrolysistechnology . The Series A funding round brings together leading financial and industrial investors from around the globe to pair with U.S. and European government support to bring the technology to market.” “Power to Hydrogen is working closely with government and industry leaders to develop and implement its technology at scale. Its innovative #AEM (#anionexchangemembrane ) #electrolysis enables #highcurrentdensity and #highpressurehydrogenproduction while meeting industry durability requirements. The technology is a potential breakthrough in #electrolysistechnology due to its #highperformance , #lowcostmaterials , and ability to tie into #renewableenergy . Power to Hydrogen has proven these advantages in multiple paid pilots with leading global energy companies.” Photo of Power to Hydrogen Inc. Press release https://shorturl.at/hT0aN https://lnkd.in/eVUbFbHv? Source- original post Read all my posts #MariusPreston

According to SkyQuest Technology Consulting Pvt. Ltd. the global Hydrogen Market size was valued at USD 225.15 billion in 2022 and is poised to grow from USD 242.71 billion in 2023 to USD 442.63 billion by 2031, growing at a CAGR of 7.8% during the forecast period (2024-2031). The move towards decarbonization has led to a high demand for clean energy thereby creating a lucrative scenario for hydrogen suppliers. Development of new engines working on hydrogen and rising popularity of hydrogen-powered transportation will also help hydrogen market growth in the future. Increasing investments in the establishment of new hydrogen generation plants around the world is also expected to boost revenue generation for market players going forward. The global hydrogen market is segmented into sectors, application, and region. François Bordes

🔺 The 1st Hydrogen Bank Results offer some great insights on the offtake strategies of the leading projects 🔺   🔹 Why the aggressive bid price? We believe initial 20-30 GW green hydrogen projects are not competing with grey hydrogen but rather themselves; a 10% subsidy on LCOH increases their likelihood of offtake. The winning projects, at least the top 3, will likely remain the most competitive toward 2030 in Europe; the threat is from cheaper imports, but that might take time.   To read more about our analysis of the Auction results, head over to - https://lnkd.in/gj42Cx65   HyPrism™ by VNZ Insights's IF23 Result Briefing is part of the Analyst Notes Series that goes deeper into key developments in the field of Green Hydrogen. Our concise & thorough notes provide in-depth insights that ensure that Leaders & Executives in the industry remain well-informed and stay ahead of the curve.   The briefings are part of HyPrism™ by VNZ Insights, a comprehensive Business Intelligence platform providing in-depth insights and analysis on green hydrogen auctions, value chain dynamics, project pipeline advancements, electrolyser technology innovations, and supply chain intricacies.   Visit our website - https://lnkd.in/gPYCXUdM or email us at abhinav.choudhary@varkaconsulting.com for a detailed brochure to learn more about our comprehensive offerings.   Players mentioned in the briefing Madoqua Renewables | Power2X | Copenhagen Infrastructure Partners | Enagás Renovable | Grupo Fertiberia | Galp | Fuella | EnBW Energie Baden-Württemberg AG | Skipavika | Ren-Gas | Lahti Energia Oy | Benbros | DH2 Energy | Gasum | KBR, Inc. | NEXTCHEM | Wood | Tecnicas Reunidas   #GreenHydrogen #EnergyTransition

🎊 Funding available for hydrogen innovation! The New York State Energy Research and Development Authority (NYSERDA) announced the availability of up to💰$11.5M for round 2 of the Clean Hydrogen Innovation Program (PON 5500) to support development and demonstration projects in Clean Hydrogen. Funding in this solicitation focuses innovation in the following technical challenge areas: Challenge 1️⃣ - Hydrogen applications to decarbonize industrial process heat Challenge 2️⃣ - Mitigation of nitrogen oxides (NOx) emissions from hydrogen combustion Challenge 3️⃣ - Hydrogen storage technologies for bulk storage and limited footprint areas Challenge 4️⃣ - Hydrogen-based generation systems for microgrids and grid support services Challenge 5️⃣ - Hydrogen fuel cell electric vehicles. Two categories of projects will be considered for funding: 🔹 Category A: Product Development Category A includes efforts that are crucial to the development of a marketable technology product, system, strategy, or service and any testing or validation of an innovation that is not already commercially available and may lead to the commercialization of products manufactured in New York State. ▪Cost share: 50% 💰There is no limit on funding except on category 5 awards *Maximum funding per award for challenge area 5 is $2M 🔹 Category B: Pilot & Demonstration Projects Category B is aimed at demonstrating and testing innovative technologies, systems, strategies, or services that have undergone product development and require testing to reach commercialization or are already commercially available but have not yet been sufficiently demonstrated in the U.S. to gain industry acceptance or have yet to be significantly deployed in New York State. ▪Cost share: 50% 💰There is no limit on funding except on category 5 awards * Maximum funding per award for challenge area 5 is $2M ❗ Round 1 Proposals: Submission Closed  ❗ Round 2 Proposals Due: July 15, 2024 https://lnkd.in/e3XNERA2 Image Credit: FuelCellWorks

As leading developers in the UK's hydrogen sector, we're proud to announce a milestone partnership that will accelerate clean-energy projects nationwide. We have appointed ITM Power, the listed energy storage and clean fuel company, as a key supplier for state-of-the-art PEM electrolysers, essential for our hydrogen projects within the UK and across Europe.   We foresee this collaboration unfolding in two phases:   ·      Phase 1 is expected to comprise 50 MW of Neptune Plug and Play electrolysers across a number of UK government HAR2 and further funding applications.   ·      Phase 2 is expected to comprise 150 MW of larger-scale modular versions.    Each project is subject to a Final Investment Decision (FID).   Dennis Schulz, CEO of ITM Power, said: “Our collaboration with Hygen is an important milestone for both companies and for the UK. We are looking forward to working in partnership with Hygen and its group companies Ryze Hydrogen and Wrightbus over the coming years, together playing a leading role in advancing the green hydrogen economy.” Hygen director Jamie Burns said: “We are determined to lead from the front when it comes to developing and delivering low-carbon hydrogen projects. “In order to build this critical infrastructure, we need ambitious partners such as ITM, which has impressed us with its focus on the manufacture of quality UK-built products. “Hygen is intent on delivering low carbon hydrogen projects in the near term, giving the UK’s net-zero industry a valuable boost.” Click below for the full story. #HygenEnergy #ITM #partnership #electrolysers #decarbonisation #NetZero

Hydrogen Research Project Opens at University of Texas Frontier Energy, GTI Energy, and the Center for Electromechanics at The University of Texas at Austin on April 23 hosted the grand opening of a hydrogen research and demonstration facility. The project was developed as part of the “Demonstration and Framework for H2@Scale in Texas and Beyond” project, supported by the U.S. Department of Energy’s (DOE) Hydrogen and Fuel Cell Technologies Office. This first-of-its-kind hydrogen proto-hub is considered a significant leap forward in the clean hydrogen economy. More than 20 industry stakeholders and sponsors are involved in the effort, which will showcase technology needed to expand hydrogen’s role in decarbonization while also raising awareness of hydrogen as a clean energy source. The facility will generate zero-carbon hydrogen using water electrolysis powered by solar and wind energy, as well as steam methane reformation of renewable natural gas from a Texas landfill. The hydrogen will power a stationary fuel cell for clean, reliable power for the Texas Advanced Computing Center and supply zero-emission fuel to a fleet of Toyota Mirai fuel cell electric vehicles and to fuel cell drones. This approach marks the first time that multiple renewable hydrogen supplies and multiple end uses have been networked at a single location to demonstrate a scalable, economical hydrogen ecosystem. https://lnkd.in/e5e84thp

The 𝐇𝐲𝐝𝐫𝐨𝐠𝐞𝐧 𝐄𝐧𝐞𝐫𝐠𝐲 𝐒𝐭𝐨𝐫𝐚𝐠𝐞 market size was estimated at USD 15.97 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2030. 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲𝐚𝐫𝐜 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 : @ https://lnkd.in/g-TqxNKB 𝐓𝐨𝐩 𝐤𝐞𝐲 𝐭𝐫𝐞𝐧𝐝𝐬 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐇𝐲𝐝𝐫𝐨𝐠𝐞𝐧 𝐒𝐭𝐨𝐫𝐚𝐠𝐞 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬: There is ongoing research and development aimed at advancing hydrogen storage technologies to improve efficiency, safety, and cost-effectiveness. Various storage methods are being explored, including compressed hydrogen gas storage 𝐈𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐢𝐨𝐧 𝐰𝐢𝐭𝐡 𝐑𝐞𝐧𝐞𝐰𝐚𝐛𝐥𝐞 𝐄𝐧𝐞𝐫𝐠𝐲 𝐒𝐲𝐬𝐭𝐞𝐦𝐬: Hydrogen storage plays a crucial role in the integration of renewable energy systems, particularly in the context of hydrogen production via electrolysis of water using excess renewable energy (e.g., wind and solar power). Renewable energy sources are inherently intermittent, and hydrogen storage 𝐇𝐲𝐝𝐫𝐨𝐠𝐞𝐧 𝐈𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭: There is increasing momentum in the development of hydrogen infrastructure to support the growth of hydrogen storage and utilization. Governments, industry stakeholders, and research organizations are investing in the construction of hydrogen refueling stations, hydrogen pipelines, storage facilities, and distribution networks 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲𝐚𝐫𝐜 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐟𝐨: @ https://lnkd.in/gvKzXeDu 𝐓𝐨𝐩 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐚𝐫𝐬 : Air Liquide|Linde |Air Products & Chemicals, Inc., |McPhy |Hexagon Composites |Worthington Industries, |PRAXAIR INC, |Luxfer |Chart Industries, Inc. |Plug Power                

Investing in hydrogen today: A once-in-a-generation opportunity. By Daria Nochevnik The hydrogen industry has continued steady growth despite macroeconomic headwinds. Some 860 kilotonnes (kt) per annum of clean hydrogen supply is operational globally today, out of which about 710kt is low-carbon hydrogen primarily in North America, and the remainder is renewable hydrogen. The pipeline of mature hydrogen project proposals continues to grow, with over 1,400 projects now announced across the world. This cohort represents $570bn in cumulative investment that could yield 45 million tonnes of annual clean hydrogen supply by 2030 – an 18% increase from the prior year’s projections. Alongside project announcements, actual project execution is accelerating. Already, a quarter of mature project proposals with known commissioning timelines have cleared the critical final investment decision (FID) hurdle. Investments are maturing with $110bn in front-end engineering and design (FEED) and beyond (up from $75bn), marking 60% growth in investments undergoing FEED. https://lnkd.in/dQFp-aGT

In collaboration with Matrix Gas & Renewables Gensol Engineering together with Matrix Gas & Renewables, fastest growing green hydrogen infrastructure developer and natural gas aggregator, announced the grant of manufacturing capacity for an advanced Electrolyser Plant under the auspices of the Sustainable Hydrogen Innovation & Green Hydrogen Technologies (SIGHT) program. This initiative signifies a pivotal step forward in India’s commitment to green hydrogen as a cornerstone of its decarbonization strategy and net-zero emission commitment. The awarded project, with a manufacturing capacity of 63 MW per annum, is strategically positioned to contribute significantly to India’s ambitious goal of producing 5 million metric tons of green hydrogen annually by 2030. This aligns with the national Green Hydrogen Mission, bolstered by the Production Linked Incentive (PLI) scheme, underpinning our collective pursuit of net-zero emissions and sustainable development. Powered by Capital Market – Live News Disclaimer: No Business Standard Journalist was involved in creation of this content First Published: <!-- -->Feb 12 2024 | 9:18 AM<!-- --> <!-- -->IST Source link