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December 3, 2021updated 29 Dec 2021 1:30pm

Acciona Energía to supply clean energy for proposed hydrogen project

The proposed project aims to support the decarbonisation of industry in central Queensland.

By Umesh Ellichipuram

Spanish renewable energy company Acciona Energía has signed a memorandum of understanding (MoU) with the Queensland state-owned corporation Stanwell to supply clean energy for a proposed 3GW green hydrogen project in Gladstone, Australia.

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How can hydrogen ride the sustainability wave?

The Hydrogen market is expected to expand significantly in the next few years – GlobalData has tracked more than 43.6 mtpa of total active and upcoming low carbon hydrogen production capacity (green and blue hydrogen). As the industry develops and the cost of producing hydrogen drops, demand is expected to increase significantly. As a result, countries across the world are announcing much needed supporting policy framework for hydrogen. While refining and ammonia production have traditionally been the key consumer sectors for hydrogen, new uses such as transport and energy storage are set to influence the market. While green hydrogen presently has a small share in the overall production mix, it is poised to increase given the ambitious targets announced by various countries. GlobalData’s report provides insights into key issues in the emerging hydrogen space, such as:
  • Hydrogen value chain
  • Demand drivers
  • Key application areas
  • Technology trends
Read this report and formulate winning strategies for your business.
by GlobalData
Enter your details here to receive your free Report.

Stanwell is leading a consortium to carry out a feasibility study for the Central Queensland Hydrogen Project (CQH2).

Other companies in the consortium include Iwatani Corporation, Kawasaki Heavy Industries, Kansai Electric Power and Marubeni Corporation, and APT Management Services.

Under the MoU, Acciona Energía will deliver clean energy from its Aldoga photovoltaic (PV) plant to the proposed hydrogen project.

In a statement, Acciona Energía said: “Acciona Energía has achieved a major milestone in the development of the Aldoga PV plant following the agreement reached with the Queensland government for the land needed to install the up to 600MWp solar PV facility on the Central Queensland coast.”

The hydrogen project aims to support the decarbonisation of industry in central Queensland and export a certain amount of hydrogen.

It will have the capacity to produce almost 100 tonnes per day (tpd) of hydrogen by 2026, with this expected to increase to 900tpa by 2031.

In addition to Australia, Acciona Energía is aiming to increase its presence in the European market.

The company recently partnered with US-based hydrogen fuel cell developer Plug Power and created a joint venture for identifying new opportunities in the green hydrogen market across Spain and Portugal.

Acciona Energía is also due to begin production at Spain’s first industrial-scale green hydrogen generation plant before the end of the year.

Last month, the company agreed to acquire two wind projects in Brazil from investment group Casa dos Ventos for an undisclosed sum.

The Sento Se I and II wind farms are currently in development and their acquisition will allow Acciona Energía to enter the Brazilian renewable energy market.

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Free Report
img

How can hydrogen ride the sustainability wave?

The Hydrogen market is expected to expand significantly in the next few years – GlobalData has tracked more than 43.6 mtpa of total active and upcoming low carbon hydrogen production capacity (green and blue hydrogen). As the industry develops and the cost of producing hydrogen drops, demand is expected to increase significantly. As a result, countries across the world are announcing much needed supporting policy framework for hydrogen. While refining and ammonia production have traditionally been the key consumer sectors for hydrogen, new uses such as transport and energy storage are set to influence the market. While green hydrogen presently has a small share in the overall production mix, it is poised to increase given the ambitious targets announced by various countries. GlobalData’s report provides insights into key issues in the emerging hydrogen space, such as:
  • Hydrogen value chain
  • Demand drivers
  • Key application areas
  • Technology trends
Read this report and formulate winning strategies for your business.
by GlobalData
Enter your details here to receive your free Report.

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