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July 29, 2020

Coronavirus company news summary – Portugal selects 37 green hydrogen projects for funding – Fusion generator assembly begins

By Matt Farmer

29 July

Free Report
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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.

The Government of Portugal has selected 37 prospective green hydrogen projects as part of an EU initiative to build hydrogen facilities as part of the economic recovery from Covid-19. One of the projects will focus on creating a hydrogen export value chain from the industrial cluster in Sines, Portugal to Northern Europe. EDP-Energias de Portugal, Galp and RENAn announced they had signed an international Memoradum of Understanding for the project. The selected green hydrogen projects represent a total investment of approximately $10.5bn (€9bn).

Engineers at the ITER project have started assembling the components of the world’s largest and most advanced fusion device. Currently under construction in Cadarache, southern France, the £18.2bn facility project will deliver energy in a process similar that of the sun. It is slated to become fully operational by 2035.

Data released by the Indian government showed that 65 power distribution companies owed 197 power generators $15.28bn (Rs1.138tn) in overdue payments at the end of May this year because of the country’s Covid-19 lockdown. Excluding payments under dispute, this figure falls to $1.31bn (Rs97.25bn). At the end of March, the debts including disputed feesat $12.16bn (Rs905.77bn). Outstanding dues to renewable generators totalled approximately $97.76m (Rs7.28bn).

Related Companies

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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