Renewables
Norway kicks off construction of world’s largest floating offshore wind farm
"Hywind Tampen is a new chapter in Norway’s narrative as an energy nation. With support from the Norwegian authorities, we're not only building Norway’s first offshore wind project; we're refining floating offshore wind technology along with the Norwegian supplier industry," says Equinor president and CEO Eldar Sætre.
Shell stock hits 25-year low following rollout of green initiatives
Along with its European peers, Shell is embarking on a transformation to become a cleaner, greener company with much fewer assets in oil by the middle of the century. While many investors have welcomed the new direction, others question a pivot into less-profitable renewables
Exxon Mobil’s investment plan adds millions of tons of carbon output, documents reveal
Planning documents show for the first time that Exxon has carefully assessed the direct emissions it expects from the seven-year investment plan adopted in 2018 by CEO Darren Woods.
Boris Johnson’s UK wind energy plans need subsea ingenuity to succeed
Boris Johnson’s plan to quadruple the size of the UK offshore wind industry will require $58 billion of investment and careful management of what’s a tricky building process in some of the world’s roughest waters.
Offshore wind continues strong growth, bolstered by new floating projects
As spending on renewable energy, particularly offshore wind, accelerates, floating projects will make up a growing share of activity.
Mohammed bin Rashid Al Maktoum Solar Park Phase 5
On 4 October 2020, the Arab Petroleum Investments Corporation (APICORP), multilateral development financial institution, signed an agreement with Shuaa Energy 3 P.S.C sponsored by Dubai Electricity and Water Authority (“DEWA”), ACWA Power and Gulf Investment Corporation, to provide US$70.5 million in financing for the fifth phase of development of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai, United Arab Emirates (UAE).
Haldor Topsoe joins ambitious sustainable fuel project in Denmark
The project aims to develop a ground-breaking hydrogen and sustainable fuel facility based on electrolysis in the Greater Copenhagen Area. The project is expected to be executed by 2030 in three stages, achieving the capacity of 10 megawatts (MW) in 2023, 250 MW in 2027, and 1,3 GW in 2030 respectively.
Evonik and Siemens Energy commission pilot plant for sustainable chemicals
Evonik and Siemens Energy today commissioned a pilot plant sponsored by the German Federal Ministry of Education and Research (BMBF) that uses carbon dioxide and water to produce chemicals. The necessary energy is supplied by electricity from renewable sources. The pilot plant is located in Marl, in the northern Ruhr area, and its innovative technology of artificial photosynthesis should contribute to the success of the energy revolution. It is an essential part of the Rheticus I and II research projects, which are sponsored by the Federal Ministry of Education and Research (BMBF) with a total of 6.3 million euros.
Pandemic's reset pushes energy firms toward renewables, hydrogen
The economic trauma caused by the coronavirus pandemic has pushed energy companies to step-up investment in renewables, hydrogen and other low carbon alternatives, but fossil fuels will be their dominant business for the foreseeable future, industry executives said.
More hydrogen, less meat: EU’s new climate plan targets every aspect of modern life
The European Union’s executive will unveil an ambitious emissions-cut plan this week that’ll leave no sector of the economy untouched, forcing wholesale lifestyle changes and stricter standards for industries.
MAN Energy Solutions and Wasco to drive Power-to-Gas technology in South-East Asia
MAN Energy Solutions and Wasco have signed a Memorandum of Understanding (MOU) to promote and commercialize Power-to-X (PtX) projects in South-East Asia.
Italy Can be Hydrogen Hub with Pipeline Imports from Africa - Snam
Italy could become a clean energy hub for Europe by piping hydrogen produced in North Africa from solar power at 10-15% less than it costs to produce locally, according to a new study.
China's national oil companies outline early green energy plans
China’s top state oil and gas producers - PetroChina, Sinopec Corp and CNOOC Ltd, are working on the following green initiatives.
Hydrogen Delivers New Future for Holland’s Pipeline Network
The European Union’s ambitious decarbonization policies and plans for a green economic recovery will have repercussions on the continent’s pipeline networks, none more so than Holland’s.
Europe Faces High Hurdles to Make Hydrogen Hype Reality
The European Union's goal to increase the use of zero-carbon hydrogen faces steep challenges as the move would require billions in investments from countries already reeling from the economic fallout of the coronavirus pandemic.
Williams Announces Goal of 56% Reduction in Carbon Emissions by 2030
Williams has announced its intention to reduce the company's carbon emissions by 56% from 2005 levels by 2030, putting it on track to achieve its net-zero emissions goal by 2050.
UK strives to develop economically viable deepwater wind capabilities
To further exploit the UK’s vast wind power potential, technology advances and cost reductions are required for floating installations to compete commercially against bottom-fixed facilities.
World’s largest green hydrogen project will use Haldor Topsoe ammonia technology
A $5 billion dollar green hydrogen production facility to be sited in NEOM, Saudi Arabia, will include Topsoe’s proven ammonia technology.
World’s largest green hydrogen project will supply 650 tons per day of carbon-free hydrogen for transportation globally
Air Products, in conjunction with ACWA Power and NEOM, announced the signing of an agreement for a $5 billion world-scale green hydrogen-based ammonia production facility powered by renewable energy.
Germany paints hydrogen energy future in green, grey, blue and turquoise
Germany’s cabinet passed a national hydrogen strategy as part of a wider push to decarbonize Europe’s largest economy.
IEA warns of investment chasm
Global investment in the energy sector will contract sharply in 2020, with governments prioritising control of the Covid-19 pandemic and many economies able to reopen only partially. In its World Energy Investment 2020 report, the IEA estimates that global investment could decline by 20pc—the largest slump ever recorded.
ABB system selected for green hydrogen project
Lhyfe, the French producer and supplier of green hydrogen, has chosen ABB, the world leader in control systems and advanced technologies, to implement an automation solution at its first green hydrogen production site.
Siemens and Uniper develop joint decarbonization plan for power generation
One focus of the planned cooperation is the production and use of “green hydrogen” – in other words, hydrogen from renewable energy sources. The companies intend to implement projects in this field together, addressing the entire value chain.
