Hydrogen

LONGi Paves the Way for a Solar-filled Future with New Partnerships, Commitments to Clean Energy at COP28

Retrieved on: 
Wednesday, December 13, 2023

DUBAI, UAE, Dec. 13, 2023 /PRNewswire/ -- LONGi Green Energy Technology Co., Ltd. (LONGi), the world's largest solar PV producer, today concluded an active week at the United Nations Framework Convention on Climate Change (UNFCCC) COP28 summit. During the annual event, LONGi announced several major partnerships and new initiatives, including a pioneering three-year partnership with UNHCR, the UN Refugee Agency, to transform the agency's logistics hub into solarized facilities.

Key Points: 
  • "LONGi strives to be a key player in addressing climate challenges and fostering a more eco-friendly and equitable future through both research and development of solar technology and in our partnerships and sustainability commitments."
  • The need to embrace renewable energy across all nations was front and center at the summit.
  • Some 123 countries signed the Global Renewables and Energy Efficiency Pledge, which pledges to "triple the world's installed renewable energy generation capacity to at least 11,000 GW by 2030".
  • Also in alignment with the Global Renewables and Energy Efficiency Pledge, LONGi published its third climate action white paper at COP28.

LONGi Paves the Way for a Solar-filled Future with New Partnerships, Commitments to Clean Energy at COP28

Retrieved on: 
Wednesday, December 13, 2023

DUBAI, UAE, Dec. 13, 2023 /PRNewswire/ -- LONGi Green Energy Technology Co., Ltd. (LONGi), the world's largest solar PV producer, today concluded an active week at the United Nations Framework Convention on Climate Change (UNFCCC) COP28 summit. During the annual event, LONGi announced several major partnerships and new initiatives, including a pioneering three-year partnership with UNHCR, the UN Refugee Agency, to transform the agency's logistics hub into solarized facilities.

Key Points: 
  • "LONGi strives to be a key player in addressing climate challenges and fostering a more eco-friendly and equitable future through both research and development of solar technology and in our partnerships and sustainability commitments."
  • The need to embrace renewable energy across all nations was front and center at the summit.
  • Some 123 countries signed the Global Renewables and Energy Efficiency Pledge, which pledges to "triple the world's installed renewable energy generation capacity to at least 11,000 GW by 2030".
  • Also in alignment with the Global Renewables and Energy Efficiency Pledge, LONGi published its third climate action white paper at COP28.

Oxylus Energy Hits Critical Commercialization Net-Zero Fuel Production Milestone

Retrieved on: 
Wednesday, December 13, 2023

NEW HAVEN, Conn., Dec. 13, 2023 /PRNewswire/ -- Oxylus Energy, the Yale-based start-up formerly known as Carbon Loop, announced today that it has successfully passed key benchmark tests for the deployment and commercialization of its proprietary catalyst and electrolyzer technology in a 5cm2 cell. This is a critical platform for design iterations, as it offers significant predictability for performance at the size of commercial-scale cells.

Key Points: 
  • This is a critical platform for design iterations, as it offers significant predictability for performance at the size of commercial-scale cells.
  • Oxylus' technology, however, holds the promise of being one of the most cost-effective methods for generating renewable methanol, potentially surpassing fossil-derived methanol.
  • By directly converting CO2 into methanol, this avoids the use of a second reactor to create hydrogen, Oxylus' process saves costs and energy.
  • Oxylus Energy continues its commitment to sustainable energy solutions, contributing to a cleaner, greener future.

Kaizen Clean Energy Awarded Hydrogen Fueling Station and Microgrid Contract By Golden Empire Transit District

Retrieved on: 
Wednesday, December 13, 2023

HOUSTON, Dec. 13, 2023 /PRNewswire/ -- Kaizen Clean Energy (KCE) has been awarded a contract from the Golden Empire Transit District (Bakersfield, CA) for an off-grid hydrogen fueling station and hydrogen-based microgrid to support GETBus's expanding Zero-Emission fleet. Under the contract, KCE will provide a KCE-150 microgrid capable of producing up to 150kW of power and an hydrogen fueling station delivering up to 460kg of H2/day. The power produced from the KCE-150 will power the hydrogen fueling station and/or provide EV DC fast charging.

Key Points: 
  • HOUSTON, Dec. 13, 2023 /PRNewswire/ -- Kaizen Clean Energy (KCE) has been awarded a contract from the Golden Empire Transit District (Bakersfield, CA) for an off-grid hydrogen fueling station and hydrogen-based microgrid to support GETBus's expanding Zero-Emission fleet.
  • Under the contract, KCE will provide a KCE-150 microgrid capable of producing up to 150kW of power and an hydrogen fueling station delivering up to 460kg of H2/day.
  • The power produced from the KCE-150 will power the hydrogen fueling station and/or provide EV DC fast charging.
  • "Kaizen's hydrogen fueling stations are the most cost-effective systems to fuel hydrogen fuel cell vehicle fleets, providing customers with delivered hydrogen costs significantly less than compressed or liquid hydrogen technologies," said Eric Smith, Chief Commercial Officer, at Kaizen Clean Energy.

Duke Energy awards $225,000 in grants to organizations making critical home improvements for South Carolina's seniors

Retrieved on: 
Wednesday, December 13, 2023

Duke Energy's Senior Home Repair Program provided 15 qualifying nonprofits grants of up to $20,000 through a request for proposals announced in September.

Key Points: 
  • Duke Energy's Senior Home Repair Program provided 15 qualifying nonprofits grants of up to $20,000 through a request for proposals announced in September.
  • We are so grateful to the Duke Energy Foundation for their continued support of Habitat, and their commitment to the Greenville community."
  • The Duke Energy Foundation provides more than $30 million annually in philanthropic support to meet the needs of communities where Duke Energy customers live and work.
  • Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies.

Electrolyzer Market to Reach $34.4 billion, globally, by 2032 at 27.2% CAGR: Allied Market Research

Retrieved on: 
Wednesday, December 13, 2023

WILMINGTON, Del., Dec. 13, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Electrolyzer Market by Product (Alkaline Electrolyzer, Proton Exchange Membrane (PEM) Electrolyzer, Solid Oxide Electrolyzer, and Anion Exchange Membrane (AEM)), Capacity (Less Than 500 kW, 500–2 MW, and Above 2 MW), and Application (Power Generation, Transportation, Industry Energy, Industry Feedstock, Building Heat & Power, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global Electrolyzer industry generated $3.0 billion in 2022 and is estimated to reach $34.4 billion by 2032, exhibiting a CAGR of 27.2% from 2023 to 2032. 

Key Points: 
  • Depending on the product, alkaline electrolyzer dominated the market share for electrolyzer in 2022 in terms of revenue.
  • In 2022, it contributed nearly three-fifths of the total market revenue in 2022 while growing at a CAGR of 27.1%.
  • Moreover, the use of wind and solar energy sources for electricity used in electrolysis has driven the electrolyzer market growth.
  • Ongoing R&D are focused on improving efficiency and reducing the costs of electrolyzers to enhance their competitiveness in the market.

Electrolyzer Market to Reach $34.4 billion, globally, by 2032 at 27.2% CAGR: Allied Market Research

Retrieved on: 
Wednesday, December 13, 2023

WILMINGTON, Del., Dec. 13, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Electrolyzer Market by Product (Alkaline Electrolyzer, Proton Exchange Membrane (PEM) Electrolyzer, Solid Oxide Electrolyzer, and Anion Exchange Membrane (AEM)), Capacity (Less Than 500 kW, 500–2 MW, and Above 2 MW), and Application (Power Generation, Transportation, Industry Energy, Industry Feedstock, Building Heat & Power, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global Electrolyzer industry generated $3.0 billion in 2022 and is estimated to reach $34.4 billion by 2032, exhibiting a CAGR of 27.2% from 2023 to 2032. 

Key Points: 
  • Depending on the product, alkaline electrolyzer dominated the market share for electrolyzer in 2022 in terms of revenue.
  • In 2022, it contributed nearly three-fifths of the total market revenue in 2022 while growing at a CAGR of 27.1%.
  • Moreover, the use of wind and solar energy sources for electricity used in electrolysis has driven the electrolyzer market growth.
  • Ongoing R&D are focused on improving efficiency and reducing the costs of electrolyzers to enhance their competitiveness in the market.

Largest industry gathering at COP28 set out plans to deliver a net zero future

Retrieved on: 
Tuesday, December 12, 2023

DUBAI, UAE, Dec. 12, 2023 /PRNewswire/ -- Following a day of active discussions at the Shaping the Future of Shipping: Delivering a Net Zero World summit on 10 December, a course was set to deliver on the International Maritime Organization's (IMO) net zero strategy.

Key Points: 
  • DUBAI, UAE, Dec. 12, 2023 /PRNewswire/ -- Following a day of active discussions at the Shaping the Future of Shipping: Delivering a Net Zero World summit on 10 December, a course was set to deliver on the International Maritime Organization's (IMO) net zero strategy.
  • The industry initiative brought together over 60 organisations to discuss tangible solutions to meet the ambitious net zero targets by or around 2050.
  • The summit built on the discussions that have taken place throughout COP28, to determine ambitious solutions to advance infrastructure, fuel availability and financing.
  • And as you shape the future of shipping remember that our choices will reverberate for hundreds even thousands of years.

ATB Financial Economic Outlook: The Waiting Game

Retrieved on: 
Tuesday, December 12, 2023

This sentiment resonates as the delayed effects of increased borrowing costs are set to impact more Albertans in the coming year," said ATB Financial's Chief Economist, Mark Parsons."

Key Points: 
  • This sentiment resonates as the delayed effects of increased borrowing costs are set to impact more Albertans in the coming year," said ATB Financial's Chief Economist, Mark Parsons."
  • ATB expects the Alberta economy to slow to 2.1% real GDP growth in 2024 and pick up again to 2.7% in 2025.
  • With the final month of 2023 upon us, ATB's latest economic forecast outlines the current factors influencing the Alberta economy.
  • Despite being in the faster economic lane, Alberta's economic growth has been challenged by the speed bump created by higher interest rates.

Largest industry gathering at COP28 set out plans to deliver a net zero future

Retrieved on: 
Tuesday, December 12, 2023

DUBAI, UAE, Dec. 12, 2023 /PRNewswire/ -- Following a day of active discussions at the Shaping the Future of Shipping: Delivering a Net Zero World summit on 10 December, a course was set to deliver on the International Maritime Organization's (IMO) net zero strategy.

Key Points: 
  • DUBAI, UAE, Dec. 12, 2023 /PRNewswire/ -- Following a day of active discussions at the Shaping the Future of Shipping: Delivering a Net Zero World summit on 10 December, a course was set to deliver on the International Maritime Organization's (IMO) net zero strategy.
  • The industry initiative brought together over 60 organisations to discuss tangible solutions to meet the ambitious net zero targets by or around 2050.
  • The summit built on the discussions that have taken place throughout COP28, to determine ambitious solutions to advance infrastructure, fuel availability and financing.
  • And as you shape the future of shipping remember that our choices will reverberate for hundreds even thousands of years.