green hydrogen – Oil & Gas 360

Energy Vault achieves successful close of $28 million in project financing for the Calistoga Resiliency Center, the world’s first ultra long duration hybrid green hydrogen energy storage microgrid serving California’s PG&E

April 1, 2025

(Oil & Gas 360) – $28 million project financing, inclusive of the completed sale of the Investment Tax Credit associated with the project, returns cash back to Energy Vault’s balance sheet for the first resiliency center deployed in California (Calistoga) for PG&E to reduce wildfire risk and manage Public Safety Power Shutoff (PSPS) events This strategic financing is the first

TotalEnergies and RWE agree one of the world’s biggest green hydrogen deals

March 12, 2025

(Oil Price) – Germany’s biggest utility RWE will supply green hydrogen to France’s oil and gas supermajor TotalEnergies in a 15-year deal from 2030, in one of the largest such agreements globally. RWE to supply around 30,000 metric tons of green hydrogen annually to TotalEnergies from 2030 to 2044, the German utility giant said on Wednesday. The green hydrogen from RWE will be

TotalEnergies to invest $1-billion in green hydrogen projects

February 18, 2025

(Oil Price) – TotalEnergies and Air Liquide plan to invest a combined more than $1.046 billion (1 billion euros) in two electrolyzer projects to produce green hydrogen in the Netherlands, as part of the French supermajor’s efforts to slash emissions from its refineries in northwest Europe. TotalEnergies on Tuesday said it had signed agreements with French industrial gases firm Air Liquide to

Energy major Repsol halts green hydrogen projects in Spain

October 21, 2024

(Oil Price) – Spanish energy giant Repsol has decided to pause green hydrogen development projects in its home country, citing an unfavorable regulatory regime with the idea of a permanent windfall tax on energy companies, a spokesperson for Repsol told Reuters on Monday. The Spanish firm has a pipeline of 350 megawatts (MW) of electrolysis capacity for green hydrogen projects across Spain, but

Latin America gears up for clean hydrogen boom but the road is not smooth

October 4, 2024

(Yahoo Finance) – BOGOTA/MONTEVIDEO/RIO DE JANEIRO, (Reuters)- Latin America’s wealth of hydroelectricity and other renewable energy resources could make the region a major producer of clean hydrogen as the world seeks alternatives to fossil fuels to fight the climate crisis, but some big hurdles lie in the way. Government leaders expect a major boon for the region from clean hydrogen, also

Biden's green hydrogen plan hits climate obstacle: Water shortage- oil and gas 360

Insight: Biden’s green hydrogen plan hits climate obstacle: Water shortage

July 3, 2023

Investing The Biden administration’s climate agenda is facing an unexpected challenge in drought-prone Corpus Christi, Texas, where a proposed clean hydrogen hub would require the installation of energy-intensive, expensive and potentially environmentally damaging seawater desalination plants. The Gulf Coast port is in the running for up to $1 billion available under President Joe Biden’s 2021 Infrastructure Investment and Jobs Act

Shell and Norsk Hydro team up for green hydrogen

November 9, 2021

Reuters OSLO – Royal Dutch Shell and Norsk Hydro are looking into jointly producing hydrogen from renewable electricity in a push to decarbonise their own operations as well as supply heavy industry and transport customers, Hydro said on Tuesday. The Anglo-Dutch oil giant and the Norwegian aluminium maker’s green hydrogen unit, Hydro Havrand, have signed a memorandum of understanding (MoU)

Low-carbon hydrogen is not cheap and needs support, says major energy organization

July 28, 2021

CNBC Low-carbon hydrogen isn’t “cost competitive with other energy supplies in most applications and locations” and the situation is unlikely to change unless there’s “significant support to bridge the price gap,” according to the World Energy Council. Published Tuesday, the analysis – which was put together in collaboration with PwC and the U.S. Electric Power Research Institute – raised the

Wind turbine giant Siemens Gamesa lays out plan to drive down cost of ‘green’ hydrogen

June 10, 2021

CNBC So-called “green” hydrogen production using onshore wind turbines could achieve price parity with fossil-based hydrogen by the year 2030, according to a white paper from Siemens Gamesa Renewable Energy. In a statement on Wednesday the firm — a major player in wind turbines — also said that green hydrogen produced using wind from the offshore sector could achieve price parity

Europe could operate 40,000 km of hydrogen pipelines by 2040: operators

April 13, 2021

Reuters FRANKFURT – Europe could devote 40,000 km (24,800 miles) of natural gas pipelines to hydrogen by 2040 once production and imports of the alternative fuel take off, transmission systems operators (TSOs) said on Tuesday. The hypothetical European hydrogen backbone scenario envisages how elements of 2020 “green” hydrogen strategies at European Union and national level will fit together, said speakers

Sustained higher oil prices to spur U.S. output growth: JP Morgan- oil and gas 360- oil and gas 360

German steel powerhouse turns to ‘green’ hydrogen produced using huge wind turbines

March 12, 2021

CNBC A major green hydrogen facility in Germany has started operations, with those behind the project hoping it will help to decarbonize the energy-intensive steel industry in the years ahead. The “WindH2” project involves German steel giant Salzgitter, E.ON subsidiary Avacon and Linde, a firm specializing in engineering and industrial gases. Hydrogen can be produced in a number of ways. One method includes using

Green hydrogen is gaining traction, but still has massive hurdles to overcome

December 4, 2020

CNBC Humanity is facing an uphill battle when it comes to preserving our planet. According to the Intergovernmental Panel on Climate Change, in order to avert some of the worst effects of climate change we need to stop global temperatures from rising 1.5 degrees Celsius above pre-industrial levels. One tool that could help is green hydrogen. Green hydrogen is made

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