Latest news with #hydrogen
BBC News
18 hours ago
- Business
- BBC News
Bid to build hydrogen project at Whitelee wind farm
An application has been lodged to allow the production and storage of hydrogen at the site of the UK's largest onshore wind farm. Scottish Power has applied for hazardous substances consent to operate a green hydrogen facility next to Whitelee wind farm, near proposed development involves producing hydrogen through the electrolysis of water using power from the adjacent wind and solar farms, then storing and transporting it in high-pressure plan was first mooted in 2021 when the UK government awarded the project £9.4m. The application to East Ayrshire Council outlines plans for the storage and handling of several controlled substances on the include up to four tonnes of hydrogen, 1.3 tonnes of diesel, and 0.24 tonnes of sodium hypochlorite, all of which are subject to strict regulations under hazardous materials that is created on the site will be stored in a number of mobile tube trailers. These will be used to export the hydrogen via road, with up to six heavy goods vehicle movements per day plan states that the hydrogen facility will be located more than 1km (0.6 miles) from any public areas, including the B764. It goes on to say that about 10 permanent staff are expected to work at the site, in addition to occasional workers at the co-located solar and wind company plans to install venting systems, CCTV, fencing, and potential protective structures like blast walls. A broad application for the facility was made in 2021, with a view to having it up and running by the end of Scottish Ministers opted to "call in" the application, viewing the project as nationally significant in relation to policies on hydrogen production and net application was eventually approved in January and has been followed up with planning applications for an associated pipeline and this application for hazardous material Ayrshire Council will assess the application, with potential for public comment during the consultation period. Story from Local Democracy Reporter Kevin Dyson
Zawya
a day ago
- Business
- Zawya
Europe's hydrogen infrastructure faces 2-3 year delay, Enagas CEO says
MADRID - The deployment of pipes and other infrastructure to ship hydrogen across Europe faces delays of two or three years, the head of Spanish gas grid operator Enagas said on Tuesday. The firm is among the staunchest supporters of the green hydrogen industry, which uses renewable energy for its production. Earlier this year, Enagas pledged to invest more than 4 billion euros by the end of the decade, mostly to diversify into managing a network of hydrogen infrastructure. It plans to build a 2,600 km (1,615 mile) hydrogen network in Spain to be connected to the planned trans-European H2Med corridor aimed at connecting the Iberian region with northwest Europe. Enagas still expects the Spanish network to be ready by 2030. However, at the European level delays of two or three years are likely, Chief Executive Arturo Gonzalo said. "Are there delays in Europe? I would say delays of a very limited member states are setting the launch date for their hydrogen infrastructures between 2030 and 2032," he said. That's beyond the 2030 target for H2Med to be operational.
Reuters
a day ago
- Business
- Reuters
Europe's hydrogen infrastructure faces 2-3 year delay, Enagas CEO says
MADRID, July 22 (Reuters) - The deployment of pipes and other infrastructure to ship hydrogen across Europe faces delays of two or three years, the head of Spanish gas grid operator Enagas said on Tuesday. The firm is among the staunchest supporters of the green hydrogen industry, which uses renewable energy for its production. Earlier this year, Enagas pledged to invest more than 4 billion euros by the end of the decade, mostly to diversify into managing a network of hydrogen infrastructure. It plans to build a 2,600 km (1,615 mile) hydrogen network in Spain to be connected to the planned trans-European H2Med corridor aimed at connecting the Iberian region with northwest Europe. Enagas still expects the Spanish network to be ready by 2030. However, at the European level delays of two or three years are likely, Chief Executive Arturo Gonzalo said. "Are there delays in Europe? I would say delays of a very limited member states are setting the launch date for their hydrogen infrastructures between 2030 and 2032," he said. That's beyond the 2030 target for H2Med to be operational.
Globe and Mail
2 days ago
- Business
- Globe and Mail
Hydrogen Energy Storage Market Set to Surpass USD 17.50 Billion by 2025, Driven by Renewable Energy Integration
The global hydrogen energy storage market is estimated to be valued at USD 17.50 Bn in 2025 and is expected to reach USD 24.32 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 4.8% from 2025 to 2032. The hydrogen energy storage market is experiencing strong growth driven by rising demand for sustainable energy solutions and the urgent need to decarbonize energy-intensive industries. Countries like China, India, and others are actively promoting hydrogen technologies and infrastructure through supportive policies and public funding to achieve their decarbonization targets. Both utility-scale initiatives and behind-the-meter distributed hydrogen storage systems are gaining significant momentum. Global Hydrogen Energy Storage Market Key Takeaways According to Coherent Market Insights (CMI), the global hydrogen energy storage market size is poised to expand at a CAGR of 4.8%, reaching USD 17.50 Bn in 2025 and USD 24.32 Bn by 2032. Compressed hydrogen storage is set to remain highly sought-after technology, accounting for nearly two-fifths of the global hydrogen energy storage market share in 2025. Power generation is expected to be the most lucrative application for hydrogen energy storage, generating about USD 5.96 Bn in market revenue by 2025. North America leads the global hydrogen energy storage industry, accounting for 36.1% market share in 2025. Asia Pacific is projected to emerge as a hotbed for hydrogen energy storage companies during the forecast period. Renewable Energy Integration Spurring Market Growth Coherent Market Insights' latest hydrogen energy storage market analysis highlights major factors driving industry growth. Increasing integration of renewable energy sources is one such key factor. Renewable energy sources like solar and wind are inherently intermittent. This intermittency is putting storage technologies like hydrogen energy storage into limelight, helping companies address these fluctuations. Hydrogen storage provides an effective solution by storing excess energy produced during periods of high generation and releasing it during periods of low generation. This helps balance supply and demand as well as enhances grid stability and supports the global transition to low-carbon energy systems. Buy this Complete Business Research Report: High Production Costs and Alternative Technologies Limiting Market Growth The future hydrogen energy storage market outlook looks optimistic. However, high production costs and competition for alternative technologies may constrain its growth during the forecast period. Green hydrogen, produced through electrolysis using renewable energy, remains more expensive than hydrogen derived from fossil fuels. This cost barrier poses a major challenge and could hinder the hydrogen energy storage market growth. In addition, alternative storage technologies like battery energy storage systems (BESS) and pumped hydro storage are gaining traction due to their cost-effectiveness and other benefits. Growing adoption of these alternatives may limit hydrogen energy storage market demand during the forthcoming period. Strong Decarbonization Efforts Unlocking New Growth Opportunities Governments and industries in the contemporary world are increasingly investing in hydrogen to reduce carbon emissions and achieve ambitious net-zero targets. This growing focus on decarbonization is expected to drive demand for hydrogen energy storage technologies, creating lucrative growth opportunities for the industry. Hydrogen energy storage plays a critical role in supporting clean energy transitions across the transportation, power generation, and industrial sectors. As clean energy investments rise, hydrogen energy storage is set to become a key low-carbon enabler, boosting market growth. Impact of AI on the Hydrogen Energy Storage Market Artificial intelligence (AI) is gradually making its way into the hydrogen energy storage market. It assists companies in enhancing operational efficiency, predictive maintenance, and system optimization. AI-driven analytics enable real-time monitoring of hydrogen production, storage, and distribution. This leads to improved energy management and reduced operational costs. Machine learning algorithms also support development of smart hydrogen grids, forecasting demand, and optimizing supply chains. This integration of AI fosters scalability and reliability in hydrogen infrastructure, accelerating the adoption of hydrogen as a clean energy source. Emerging Hydrogen Energy Storage Market Trends Rising demand for clean mobility solutions is a key trend in the hydrogen energy storage market. Hydrogen energy storage supports the electrification of the transport sector. It is especially important for fuel cell electric vehicles (FCEVs) as they rely on hydrogen refueling infrastructure. Continuous advancements in electrolyzer technologies are driving down hydrogen production costs, improving the overall economic feasibility of hydrogen energy storage. These innovations are expected to create new growth opportunities for manufacturers of hydrogen energy storage technologies and related infrastructure. Rise in green hydrogen projects is expected to propel demand for hydrogen storage solutions. Many countries are investing in large-scale green hydrogen initiatives as part of their broader shift toward renewable and low-carbon energy sources. This trend is likely to accelerate the adoption and sales of hydrogen energy storage technologies during the forecast period. There is a growing trend of using hydrogen in industries like metal refining and oil refining, as these sectors aim to reduce greenhouse gas emissions. This decarbonization drive is expected to increase demand for clean hydrogen and associated energy storage solutions. Analyst's View 'The global hydrogen energy storage industry is poised to grow steadily, owing to increasing integration of renewable energy sources, strong decarbonization efforts, rising demand for clean mobility solutions, and ongoing technological advancements,' said a senior analyst at CMI. Current Events and Their Impact on the Hydrogen Energy Storage Market Competitor Insights Key companies in the hydrogen energy storage market research report: - Linde plc - ITM Power - First Hydrogen - Messer Group - Nel Hydrogen - Siemens Energy - Shell - Hydrogenics (Cummins) - Air Liquide - Lhyfe - HySiLabs - TotalEnergies - H2 Storage - Engie - BP - ExxonMobil - Ceres Media - Orsted - Plug Power - Hyzon Motors Key Developments In August 2024, Uniper opened a new storage facility for green hydrogen at Krummhornt. The facility is Germany's first hydrogen storage site in a former natural gas cavern. In August 2024, Linde Engineering signed an agreement with Shell to construct a 100 MW renewable hydrogen plant for the REFHYNE II project. Linde will take full responsibility for the engineering, procurement, and construction of a new proton exchange membrane (PEM) hydrogen electrolysis facility. In July 2024, Messer announced plans to build a new green hydrogen plant in collaboration with the district of Duren. The green hydrogen produced is intended primarily to power fuel-cell buses in the Düren district.
Yahoo
2 days ago
- Automotive
- Yahoo
Stellantis (STLA) Loses 8.6% on on Hydrogen Tech Pullout
We recently published Stellantis N.V. (NYSE:STLA) is one of this week's top performers. Stellantis saw its shares lose 8.6 percent of their value week-on-week as investors unloaded positions ahead of its earnings release and announcements that it was terminating its hydrogen fuel cell technology development plans. In a statement, Stellantis N.V. (NYSE:STLA) said that this was due to the lack of developments in the sector, particularly hydrogen refueling infrastructure, high capital requirements, and the need for stronger consumer purchasing incentives. Stellantis N.V. (NYSE:STLA) added that it does not anticipate adopting hydrogen-powered vehicles before the end of the decade and that it will no longer launch the hydrogen-powered Pro One vehicles this year. A close-up view of a modern automobile with its sleek curves and luxurious body. 'The hydrogen market remains a niche segment, with no prospects of mid-term economic sustainability. We must make clear and responsible choices to ensure our competitiveness and meet the expectations of our customers with our electric and hybrid passenger and light commercial vehicles offering,' it said. Stellantis N.V. (NYSE:STLA) is expected to announce the results of its financial and operating performance for the second quarter of the year on July 29. While we acknowledge the potential of STLA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
