One of the planet’s most abundant elements, hydrogen has the capacity to be a game-changer in decarbonising the global energy system, writes Janice Lin, founder and president of the Green Hydrogen Coalition
ACWA Power and Iberdrola are among the seven founders of a new coalition that aims to scale up the production of green hydrogen 50-fold in the next six years while halving production costs.
Annual global investments in green hydrogen are on track to exceed US$1 billion by 2023 as production costs fall and governments increase their support for the technology.
A massive renewables scale up by China to help it achieve its recently announced carbon neutrality pledge could see the country reach 4.2TW of solar capacity by 2050, a new study from BloombergNEF says.
Hydrogen and artificial intelligence are set to play a “critical role” in supporting grid stability and scaling up green energy, new research from EY says.
Spanish utility Iberdrola aims to accelerate the production of green hydrogen after signing an agreement with Norwegian company Nel and creating a new venture dedicated to the installation and maintenance of electrolyser plants.
A Western Australian renewable hydrogen facility that will be powered by 5GW of solar PV and onshore wind has secured the backing of Danish investment firm Copenhagen Infrastructure Partners (CIP).
Germany’s RWE is on track to increase its solar and wind portfolio to 10GW by the end of 2020 as the company ramps up its renewable energy expansion following project commissioning delays due to the coronavirus pandemic.
Iberdrola is set to double its renewables capacity by 2025 through a €75 billion (US$88.9 billion) investment package that sees the Spanish utility seek to take advantage of the “global energy revolution” and reach carbon neutrality in ten years.
