U.S. granting $34 million to green hydrogen research projects

The US Department of Energy (DOE) has allocated almost $34 million to support 19 industry and university-led research projects aimed at advancing clean hydrogen technologies. These projects intend to make clean hydrogen more affordable and accessible for electricity generation, industrial decarbonization, and transportation. These investments align with DOE’s Hydrogen Shot initiative, which aims to reduce the cost of clean hydrogen by 80% to $1 per kilogram within a decade, fostering new hydrogen pathways in the US.

A collaborative research team from South Korea and the US, led by Chanho Pak from the Gwangju Institute of Science and Technology, has developed a novel catalyst for efficient proton exchange membrane water electrolysis (PEMWE). This catalyst consists of an iridium nanostructure supported on mesoporous tantalum oxide (Ta2O5). The design enhances the utilization of iridium, leading to improved electrical conductivity and a larger electrochemically active surface area. The catalyst achieved enhanced activity and stability for the oxygen evolution reaction (OER), crucial for PEMWE.

Fidelis New Energy has chosen Mason County, West Virginia, for its lifecycle carbon-neutral hydrogen production facility called The Mountaineer GigaSystem. This project will utilize the FidelisH2 technology to produce hydrogen with zero lifecycle carbon emissions through a combination of natural gas, carbon capture, utilization, and sequestration, along with renewable energy. The project will consist of four phases, each producing over 500 metric tons per day of net-zero carbon hydrogen.

The Danish Minister of Industry, Morten Bødskov, visited HySynergy to discuss the potential of green fuels and hydrogen as the next major export venture for Denmark. The facility showcases a small hydrogen pipeline that can deliver more than 8 tons of hydrogen daily from producer Everfuel to customer Crossbridge Energy. The combination of renewable energy sources and Power-to-X technology could make Denmark a significant exporter of green fuels.

Wärtsilä has been selected to provide front-end engineering design (FEED) for a liquefaction and storage facility for liquefied synthetic methane (LSM) in Kristinestad, Finland. The plant is part of the Koppö Energy Cluster and will have a capacity of 200 MW, converting green electricity into hydrogen and sustainable LSM. The facility will be supplied with emission-free renewable energy from up to 500 MW of wind and 100 MW of photovoltaic power.

The UK government has shortlisted 17 projects with a total electrolyzer capacity of 262 MW for the Hydrogen Business Model allocation round. This initiative aims to support the growth of low-carbon hydrogen production and accelerate the UK’s transition to a net-zero economy. The contracts for these projects are expected to be awarded in the fourth quarter of 2023, with the first projects becoming operational in 2025.

Japanese company Toppan plans to enter the hydrogen market by leveraging its proprietary manufacturing method for Catalyst Coated Membrane (CCM)/Membrane Electrode Assemblies (MEA), crucial components of water electrolysis equipment for hydrogen production. This technology enables mass production of high-performance CCM/MEAs, contributing to the advancement of hydrogen production technologies.

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Trump’s tariffs rattle emerging markets, drive global shift to safe-haven assets

The financial aftershocks of President Donald Trump’s sweeping tariff measures are rippling through global markets, with emerging-market (EM) assets once again bearing the brunt of investor anxiety. Currency strategists and fund managers now warn that rising trade uncertainty is weakening risk appetite and prompting a shift away from more volatile assets.

Strategists are cautioning that emerging-market currencies are particularly vulnerable to further losses. China’s yuan is expected to face modest depreciation, while currencies like South Africa’s rand and several in Latin America are seen languishing at soft levels. Although developed-market currencies may benefit from the dollar’s pullback, EMs likely won’t.

Germany weighs dynamic electricity pricing to modernize power grid

Germany’s network regulator has launched a formal review of how electricity grid fees are structured, signaling a major potential shift in how the country funds and manages its transition to renewable energy. The current system, in which grid usage fees make up about 20% of consumer electricity bills, has contributed to Germany having some of the highest power prices in Europe — a burden increasingly felt by both households and industry.

The Federal Network Agency’s discussion paper, released Monday, identifies critical shortcomings in the current fee structure. Chief among them is the lack of financial incentives for consumers to shift their energy use away from peak periods, as well as the system’s failure to provide pricing signals that could guide infrastructure development more efficiently. These gaps hinder efforts to modernize the grid and better integrate renewables and storage technologies.

U.S. holds first-ever Gulf of Mexico offshore wind auction

The U.S. Gulf Coast, traditionally known for being an offshore hub for oil and gas production, is taking a novel approach to the nascent offshore wind industry. Instead of focusing solely on grid-connected power generation, the region’s players in the offshore wind sector are exploring the potential of the upcoming offshore wind auction as a means to foster a new green hydrogen supply chain for the Gulf Coast’s extensive industrial corridor.

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