Indonesia-focused oil company enters Australia’s green hydrogen space, investors applaud
Indonesia-focused oil company, Lion Energy, today announced it had raised $2.8 million to explore opportunities in green hydrogen in Australia and Indonesia.
Australian aerospace firm to launch into space race with green hydrogen
Queensland-based Hypersonix Launch Systems has announced a partnership with BOC and its Bulwer Island Renewable Hydrogen Production and Refuelling pilot project. The deal will see Hypersonix use green hydrogen produced by solar electrolysis as rocket fuel to launch re-useable satellites into lower earth orbit.
Hydrogen overview: recent movements across the globe and at home
Hydrogen is heating up – not only here in Australia, but globally. This week has seen a flurry of news from the U.K. to South Africa, New Dehli to Switzerland. Pv magazine’s roundup of the latest hydrogen news and movements.
Federal government commits a further $275m to regional hydrogen hubs, devotes similar sum to controversial technology
Australia’s federal government has pledged a further $275.5 million to develop regional hydrogen hubs and $263.7 million for carbon capture and storage technology in a pre-budget announcement ahead of the climate summit on Thursday.
Indian firm acquires American hydrogen cylinder maker in bid to further market domination
New Delhi-headquartered Uttam Group of Companies has purchased California-based Catalina Composites as it positions itself for a surge in demand for clean energy solutions, including hydrogen. The company will invest at least $20 million in staff, equipment, and research and development of high-pressure cylinder production for hydrogen and compressed natural gas.
Hydrogen plant in SA would already return millions in profit, research finds
A hydrogen production plant in South Australia would already be profitable, analysis from Cornwall Insight Australia has found.
WA green hydrogen project grows from 1 GW to 8 GW, following commitment from French powerhouse
Province Resources has signed a Memorandum of Understanding with French giant Total Eren, which could see the two companies have equal shares in Province’s HyEnergy Zero Carbon Hydrogen project proposed in northwest Western Australia. Importantly, the ambition of the project seems to have grown significantly with the commitment of heavy hitter, Total Eren, with Province now saying it plans to install 8 GW of renewable energy capacity, far more than the 1 GW which caused a stir when it was announced earlier this year.
Green hydrogen and the cable-pipeline dilemma
New research from Singapore has found that gas pipelines for the onshore transport of green hydrogen and the cables for the transport of electricity to produce it at a distant location have similar costs at a 4000 km transmission distance. For longer distances, gas pipelines were found to be cheaper than cables, although the electric lines are said to benefit from scaling up and higher utilisation. For both options, however, a currently too high hydrogen LCOE remains the biggest barrier to overcome.
SA’s $1.08 billion deal with the Feds to produce more gas!
Australia’s most renewable state has signed a joint funding deal with the Commonwealth Government that hypes gas production, and downplays its considerable renewable-energy benefits.
Companies and ports lined up for Australian green hydrogen export to Germany
The joint feasibility study between Australia and Germany, HySupply, to determine the viability of a renewable energy-based hydrogen supply chain between the two countries, has progressed again after global firm RWE Supply & Trading and Australian-based The Hydrogen Utility signed a Memorandum of Understanding which could see green ammonia exports from South Australia to Germany’s LNG Terminal in Brunsbüttel.
