According to the European Commission, new plans have been laid out to encourage the production of hydrogen through the establishment of the EHB by the end of this year.
The new European Hydrogen Bank will be established by the end of this year, according to the European Commission, which also has plans to award 10-year contracts in a fresh hydrogen auction. While this is going on, Linde Engineering is collaborating with a number of other businesses to test ammonia cracking and solid oxide electrolyzer cell (SOEC) technology.
According to the European Commission, new plans have been laid out to encourage the production of hydrogen through the establishment of the European Hydrogen Bank (EHB) by the end of this year. By the third quarter, it will also introduce an auction system with the EHB for the production of renewable hydrogen.
For a maximum of ten operational years, it will provide support to hydrogen producers in the form of a fixed price per kilogramme. To establish a continental hydrogen market, import hydrogen into the European Union, improve transparency, and work with other organisations and private investors, the EHB will specify financing mechanisms.
The EU estimates that the total investment in hydrogen will be between €335 billion and €471 billion, of which between €200 billion and €300 billion will go towards expanding the production of renewable energy.
In order to jointly validate the performance, cost, and operational functionality of its SOEC technology, Ceres Power has signed contracts with Linde Engineering and Bosch. The businesses announced their intention to launch a two-year, 1 MW SOEC pilot system at a Bosch site in Stuttgart, Germany, in 2024.
Ceres Power is currently putting its first 100 kW electrolyzer module through testing, and the company’s preliminary findings give them confidence that the technology can deliver green hydrogen at less than 40 kWh/kg, which is allegedly 25% more efficiently than current lower-temperature alternatives.
The development of new ammonia cracking technology has been agreed upon by Saudi Aramco and Linde Engineering.
The ammonia cracking catalyst, which Aramco and the King Abdullah University of Science and Technology (KAUST) jointly developed, will be compared to other catalysts as a potential differentiator of this new technology, according to Saudi Aramco.
The new ammonia-cracking technology will be demonstrated at a demonstration plant in northern Germany under the company’s collaboration with Linde Engineering.
The development of a green energy and fertiliser project in Kenya has been approved by Fortescue Future Industries. In terms of essential resources, infrastructure, and off-take, the Kenyan government will offer assistance.
The creation of fertiliser using green ammonia will be the main focus. Innovation TECO 2030 has received development support from Norway, the Norwegian government’s programme to support industrial innovation and development, totaling NOK 50 million ($4,63 million). The money will support the use of PEM fuel cell technology by TECO 2030 in heavy-duty and maritime applications.
To construct five hydrogen-powered, zero-emission transit vans for the Rochester-Genesee Regional Transportation Authority, Fenton Mobility Products has chosen Ideanomics (RGRTA). The order from RGRTA is worth more than $2.2 million.
According to Ideanomics, the RGRTA received a $23 million grant from the US Department of Transportation to deploy hydrogen fuel cell buses, which will cover the cost of the buses. Italy has released a request for proposals to choose decarbonization initiatives using green hydrogen in challenging industries. The budget is €1 billion in total.