Saturday read: the actual, real demand for green hydrogen
Green hydrogen is being proposed for an ever-wider variety of uses. While some of these are still a way off, others make little sense. But there are sectors where demand for green hydrogen is a reality today, writes Christian Roselund.
India targets domestic production with 40% PV import duty, boost to manufacturing-linked incentive
India’s Union Budget, presented this week by Finance Minister Nirmala Sitharaman, allocates an extra INR 19,500 crore ($3.6 billion) to the production-linked incentive scheme for solar from April.
Ampol makes move into energy retail market
Australia’s largest petroleum company Ampol has revealed its ambition to expand into the nation’s energy market by submitting an application to the industry regulator for licences to retail electricity and gas in Australia.
Philippines launches 2 GW renewables auction
The Philippines’ Department of Energy hopes to allocate 1,260 MW of solar through the procurement exercise.
Shell completes Powershop takeover despite widespread outrage
Shell has completed its acquisition of green power company Powershop Australia. The takeover sparked heated outcry when it was first announced in November 2021, reportedly causing Powershop to bleed customers who felt angered and betrayed by the apparent ‘greenwashing’.
BloombergNEF says global solar will cross 200 GW mark for first time this year, expects lower panel prices
The analyst also forecasts strong growth for the storage business and a significant increase in PPAs for photovoltaic projects in Europe. It also said the newly installed PV capacity for 2021 reached 183 GW.
Natural hydrogen exploration ‘boom’ snaps up one third of South Australia
South Australia has found itself at the heart of a 21st century gold rush, though this time for naturally occurring hydrogen. Since February 2021, 18 exploration licenses have been granted or applied for in the state by six different companies searching for natural hydrogen.
Hydrogen vehicle maker Hyzon links with RACV to establish Melbourne headquarters & deliver tow trucks
U.S.-based hydrogen vehicle maker Hyzon has announced Melbourne will soon be home to its Australian headquarters as part of a newly formed partnership with RACV, which will see the pair develop a purpose-built facility for Hyzon out of RACV’s Noble Park operation in the city’s south east.
Tesla Energy results up, but mixed, for 2021; solar makes nary a sound on quarterly call
On the company’s Q4 earnings call, the world-leading EV manufacturer again prioritised delivering cars over growing low-margin energy storage products, while solar products were barely noted. Both verticals grew though, solar by 68% and storage by 32%.
Weekend read: Lavo green hydrogen battery gets $5 million boost from NSW government
Lavo’s hydrogen battery technology has found monetary support from both Australian and international investors in the last year, as well as public support which has continued this week with the announcement by the New South Wales government of $5 million in funding from the Regional Job Creation Fund to boost hydrogen manufacturing jobs in the Hunter Region.
