Hydrogen

DGAP-News: SFC Energy wins PETRONAS Chemicals Group Berhad as new supplier of methanol for its customers in the Asian region

Thursday, October 21, 2021 - 7:01am

With PETRONAS Chemicals Group Berhad (PCG), SFC Energy gains an essential producer of ultra-high purity methanol for its customers in the Asian region.

Key Points: 
  • With PETRONAS Chemicals Group Berhad (PCG), SFC Energy gains an essential producer of ultra-high purity methanol for its customers in the Asian region.
  • From now on, customers of EFOY fuel cells in the region can be supplied much more efficiently with methanol in commercially available fuel cartridges.
  • SFC Energy AG is a leading provider of hydrogen and methanol fuel cells for stationary and mobile hybrid power solutions.
  • With the Clean Energy and Clean Power Management business segments, SFC Energy is a sustainably profitable fuel cell producer.

Nel ASA: Third quarter 2021 financial results

Thursday, October 21, 2021 - 6:25am

OSLO, Norway, Oct. 21, 2021 /PRNewswire/ --Nel ASA (Nel) reported all-time high revenues of NOK 229.3 million in the third quarter of 2021, up 55% from NOK 147.7 million in the same quarter of 2020 and an EBITDA of negative NOK 113 million (Q3 2020: -42.1) incl.

Key Points: 
  • OSLO, Norway, Oct. 21, 2021 /PRNewswire/ --Nel ASA (Nel) reported all-time high revenues of NOK 229.3 million in the third quarter of 2021, up 55% from NOK 147.7 million in the same quarter of 2020 and an EBITDA of negative NOK 113 million (Q3 2020: -42.1) incl.
  • Nel reports all-time high revenues in the quarter, however, the financial results continue to be negatively impacted by the strategic ramp-up, investments in people and technology and the continued effects of the Covid-pandemic.
  • Nel reported revenue and operating income in the third quarter 2021 of NOK 229.3 million (147.7), mainly related to increase in the Electrolyser segment compared to the same quarter in 2020.
  • The third quarter 2021 report and presentation are enclosed and available through www.newsweb.no (Ticker: NEL) and www.nelhydrogen.com .

Nel ASA: Third quarter 2021 financial results

Thursday, October 21, 2021 - 6:21am

OSLO, Norway, Oct. 21, 2021 /PRNewswire/ --Nel ASA (Nel) reported all-time high revenues of NOK 229.3 million in the third quarter of 2021, up 55% from NOK 147.7 million in the same quarter of 2020 and an EBITDA of negative NOK 113 million (Q3 2020: -42.1) incl.

Key Points: 
  • OSLO, Norway, Oct. 21, 2021 /PRNewswire/ --Nel ASA (Nel) reported all-time high revenues of NOK 229.3 million in the third quarter of 2021, up 55% from NOK 147.7 million in the same quarter of 2020 and an EBITDA of negative NOK 113 million (Q3 2020: -42.1) incl.
  • Nel reports all-time high revenues in the quarter, however, the financial results continue to be negatively impacted by the strategic ramp-up, investments in people and technology and the continued effects of the Covid-pandemic.
  • Nel reported revenue and operating income in the third quarter 2021 of NOK 229.3 million (147.7), mainly related to increase in the Electrolyser segment compared to the same quarter in 2020.
  • The third quarter 2021 report and presentation are enclosed and available through www.newsweb.no (Ticker: NEL) and www.nelhydrogen.com .

Oberon Fuels Joins Low Carbon Fuels Coalition

Wednesday, October 20, 2021 - 5:00pm

SACRAMENTO, Calif. and SAN DIEGO, Oct. 20, 2021 (GLOBE NEWSWIRE) -- Oberon Fuels has joined the Low Carbon Fuels Coalition, a technology-neutral trade association with a proven track record of supporting and expanding clean fuel standards.

Key Points: 
  • SACRAMENTO, Calif. and SAN DIEGO, Oct. 20, 2021 (GLOBE NEWSWIRE) -- Oberon Fuels has joined the Low Carbon Fuels Coalition, a technology-neutral trade association with a proven track record of supporting and expanding clean fuel standards.
  • The Low Carbon Fuels Coalition will be key to ensuring clean fuel standards across the US.
  • Oberon Fuels has been a leader when it comes to clean fuels, said Graham Noyes, Executive Director of the LCFC.
  • The Low Carbon Fuels Coalition (LCFC) is a technology neutral trade association with a proven track record of supporting and expanding clean fuel standards.

Mitsubishi Power and El Paso Electric to Develop Roadmap toward Carbon-Free Energy Mix by 2045

Wednesday, October 20, 2021 - 4:18pm

Mitsubishi Power Americas, Inc. (Mitsubishi Power) and El Paso Electric (EPE) have signed a joint development agreement (JDA) creating a collaboration framework to jointly develop projects that will enable EPE to achieve its clean energy goals.

Key Points: 
  • Mitsubishi Power Americas, Inc. (Mitsubishi Power) and El Paso Electric (EPE) have signed a joint development agreement (JDA) creating a collaboration framework to jointly develop projects that will enable EPE to achieve its clean energy goals.
  • View the full release here: https://www.businesswire.com/news/home/20211020005801/en/
    In a Japanese tradition, Paul Browning (L), Mitsubishi Powers President and CEO, and Kelly Tomblin, El Paso Electrics President and CEO, sign a joint development agreement to develop projects leveraging technologies that will enable El Paso Electric to attain its clean energy goals.
  • Paul Browning, President and CEO, Mitsubishi Power Americas, said, We have 25 years to decarbonize electric power, which makes us all part of The Power Generation.'
  • Thats why were excited about entering into a JDA with El Paso Electric to collaborate on long-term planning, technology, integration, implementation and support for their journey toward a carbon-free power generation and energy storage mix.

Global Carbon Capture and Storage Market Research Report 2021 - ResearchAndMarkets.com

Wednesday, October 20, 2021 - 2:49pm

The "Carbon Capture and Storage - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Carbon Capture and Storage - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
  • This segment currently accounts for a 11.3% share of the global Carbon Capture and Storage market.
  • Carbon capture efforts are further favored by increasing focus of companies to investigate new use cases for captured carbon dioxide.
  • The U.S. Market is Estimated at $1 Billion in 2021, While China is Forecast to Reach $482 Million by 2026
    The Carbon Capture and Storage market in the U.S. is estimated at US$1 Billion in the year 2021.

Hyzon Zero Carbon Alliance welcomes leading hydrogen storage provider, Iljin Hysolus

Wednesday, October 20, 2021 - 3:05pm

MELBOURNE, Australia, Oct. 20, 2021 /PRNewswire/ --The Hyzon Zero Carbon Alliance, an initiative of leading companies working to accelerate hydrogen-powered mobility worldwide, has added Iljin Hysolus as its newest member following its recent steering committee meeting.

Key Points: 
  • MELBOURNE, Australia, Oct. 20, 2021 /PRNewswire/ --The Hyzon Zero Carbon Alliance, an initiative of leading companies working to accelerate hydrogen-powered mobility worldwide, has added Iljin Hysolus as its newest member following its recent steering committee meeting.
  • "By expanding to include Iljin Hysolus, the Alliance strengthens its current ability to deploy hydrogen-powered vehicles as well as its future outlook, thanks to the Iljin Hysolus' constant pace of innovation,'' said Craig Knight, CEO of Hyzon Motors.
  • "Iljin Hysolus' participation provides further proof of the importance of the Alliance as a platform for collaboration, development and importantly action."
  • Iljin Hysolus brings extensive expertise manufacturing hydrogen storage tanks and modules, a critical component in successfully and safely deploying fuel cell electric vehicles and hydrogen stations.

On the Path to Net-Zero, Canada's Opportunity to Lead in a Global Transition to a Low-Carbon Economy is Now

Wednesday, October 20, 2021 - 1:05pm

To do this, the report highlights eight key policy recommendations in the report to drive this transformation forward:

Key Points: 
  • To do this, the report highlights eight key policy recommendations in the report to drive this transformation forward:
    A national policy on electrification.
  • The goal: train up to 200,000 new workers in green skills, and reskill 100,000 existing workers, by 2030.
  • "Canada's opportunity to lead in this global transformation is a matter of years, not decades away," continued Stackhouse.
  • We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities.

Rio Tinto to strengthen performance, decarbonise and grow

Wednesday, October 20, 2021 - 6:21am

The deployment of the Rio Tinto Safe Production System is underway to ensure the Group regains its position as Best Operator.

Key Points: 
  • The deployment of the Rio Tinto Safe Production System is underway to ensure the Group regains its position as Best Operator.
  • To meet the challenge, stay relevant and capture the opportunity Rio Tinto is raising its ambition and taking actions.
  • Rio Tinto can decarbonise, pursue growth and continue to deliver attractive returns to shareholders due to its strong balance sheet, world-class assets and focus on capital discipline.
  • Rio Tinto Chief Executive Jakob Stausholm said Rio Tinto is taking action to strengthen our business and improve our performance by unleashing the full potential of our people and assets, working in partnership with a broad range of stakeholders.

Whitaker B. Irvin Jr., President and CEO of Q Hydrogen, to Speak at HydrogeNext Conference in San Antonio October 20

Tuesday, October 19, 2021 - 10:00pm

The conference will be in San Antonio, TX from October 18-21, with Mr. Irvin's panel meeting on the 20th at 9 am CST.

Key Points: 
  • The conference will be in San Antonio, TX from October 18-21, with Mr. Irvin's panel meeting on the 20th at 9 am CST.
  • "Q Hydrogen has developed a new process to create power that is less energy-intensive than other hydrogen solutions," said Irvin.
  • Q Hydrogen Commercialization (Q Hydrogen; http://www.qhydrogen.com ) is poised to become a dominant player in the renewable energy market.
  • The company aims to further develop and commercialize hydrogen as a low-cost fuel source that is readily available to the world.