ZeroAvia gains new investors + + + Chinese solar companies are setting up electrolyzer production + + + Deutz / Vaekstfonden invest 15 million euros in Blue World Technologies + + + Scatec is planning an ammonia plant and electrolyzer in Egypt + + + Spain is investing 1,55 billion euros in green hydrogen + + + Renew Power / L&T are developing H2 projects in India + + + Events + + + Studies
A selection of PtX topics summarized at the end of the week
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The British-American developer of hydrogen-electric aircraft zeroAvia has a new one financing round to advance the development of its zero-emission powertrain for regional aviation and the commercialization of its hydrogen technology. This brings the company's total investment to date to $35 million. The new investors include: United Airlines and Alaska Air Group. The current backers are Amazon's Climate Pledge Fund, AP Ventures, Breakthrough Energy Ventures, Horizons Ventures, Total equity and Shell Ventures. An agreement with United calls for an order for 50 “ZA2000-RJ” engines with an option for 50 more. ZeroAvia aims to achieve commercialization of its hydrogen propulsion technology in 2024. Initially, the company is aiming for a range of 500 miles in a 10- to 20-seat aircraft that could be used for commercial passenger transport, package delivery or agriculture, for example. This new round of financing targets the next segment of 40- to 80-seat aircraft.
Furthermore, ZeroAvia and De Havilland Aircraft of Canada Ltd. a message Memorandum of Understanding signed. Accordingly, a program will be developed to retrofit De Havilland aircraft models in order to equip both new and in-service aircraft of the company with hydrogen-electric propulsion. De Havilland Canada has the option to purchase 50 hydrogen-electric ZeroAvia engines.
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Chinese solar companies Who Longi Green Energy Technology Co. are increasingly investing in the production of electrolysers, observes the news portal “Bloomberg“. They “bet that the market will boom as industry and consumers switch to lower-carbon fuels.” To stay ahead in the global hydrogen race, Chinese companies followed the same pattern as when they dominated the solar industry: “They are reducing prices and production costs, dramatically increasing the number of systems and accelerating the development of new technologies.” According to the information Longi plans to increase production capacity for electrolysers from 2022 megawatts to 500 gigawatts by the end of 1,5. The State Power Investment Corp, one of China's five largest power producers, wants to build a production capacity of ten gigawatts for electrolyzers by 2027. According to data from BloombergNEF China will account for more than 2022 percent of global electrolyzer installations in 60, with the market growing fivefold compared to 2021. However, the companies are currently missing government incentives that previously boosted the solar and wind sectors, the article says.
According to BloombergNEF, hydrogen from renewable energy currently costs at least $3,22 (2,86 euros) per kilogram in China, almost twice as much as coal. Gray hydrogen from fossil fuels makes up the majority of the Chinese hydrogen market. In 2020, its market share was more than 63 percent, while the share of green hydrogen was only 1,5 percent.
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The Danish developer of methanol fuel cells Blue World Technologies receives from the also Danish investor Vaekstfonden as well as from the German engine manufacturer Deutz AG fresh capital of 7,5 million euros each. The aim is to “bring the company’s green fuel cell products and solutions to the global market”. In addition, a future stock market listing is apparently being considered. Has been working since the beginning of 2021 Blue World Technologies at the headquarters in Aalborg on the construction of an 8.500 square meter factory to produce the core components for the fuel cell systems. It is expected that fuel cells with an output of 500 megawatts will one day be produced there when the factory is fully expanded. Conventional methanol is made from fossil raw materials such as petroleum or coal. The energy source can be produced in a more environmentally friendly way using hydrogen and carbon dioxide.
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The Norwegian project developer Scatec ASA examined in Egypt the possibilities for building large-scale green seawater desalination plants to secure the country's fresh water supply. The development of a new one is also being examined Ammonia production plant, which runs on green hydrogen. Egypt recently announced plans to build a 100-megawatt electrolyzer.
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The Center for Fuel Cell Technology (ZBT) and the Chair of Energy Technology (LET) at the University of Duisburg-Essen are working together to improve Hydrogen filling stations. The fuel network that will be required in the future for the car sector is currently being set up, but there is not yet a uniform, energy-efficient and cost-optimized design. The filling station infrastructure for the heavy-duty sector (buses and trucks) is still largely lacking.
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Spain is investing 6,9 billion euros in renewable energy and energy storage over the next two years. Of this, around 1,55 billion euros will go towards the development of green hydrogen. In addition, according to the news agency, the government wants toReutersmobilize a further 19 billion euros in private funds as part of its Covid-9,45 economic stimulus program. After a cabinet meeting that approved the €16,3 billion plan, Energy and Environment Minister Teresa Ribera said the investments were expected to create more than 280.000 jobs.
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The Indian mechanical engineering group Larsen & Toubro (L&T) and the Indian independent power producer Renew power want to be together in India green hydrogen projects develop. Demand for refineries, fertilizers and urban gas networks in the country is forecast to rise to up to two million tonnes per year by 2030. This would require investments of more than 60 billion dollars (53,4 billion euros).
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Photos
iStock / © aryos
