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TC Energy & Hyzon to construct new hydrogen production hubs across NATC Energy & Hyzon to construct new hydrogen production hubs across NA
Pankaj Singh November 15, 2021
TC Energy Corp., a natural gas pipeline company, and Hyzon Motors, a global supplier of hydrogen fuel cell powered electric vehicles (FCEV), have reportedly announced a new partnership to develop, construct, own, as well as operate hydrogen production hubs and facilities across North America.
Corey Hessen, the President of Power and Storage at TC, stated that the partnership is expected to merge TC Energy’s experience in natural gas as well as renewables with Hyzon’s technical performance in fuel cell electric vehicles, which are being supplied throughout the world.
Meanwhile, Parker Meeks, Chief Strategy Officer at Hyzon, stated that the company’s work with TC has already started, with assessment of production sites currently underway. Meeks added that the two enterprises expect to have these systems online soon.
Jennifer Link, a TC spokesman, stated that the business is still in the initial stages of evaluating any hydrogen production hub. After a location has been confirmed and licensed, it might still take ‘several months’ to establish a 20-mt/d hub.
The TC-Hyzon collaboration is the most recent in a series of recent efforts to boost hydrogen infrastructure development.
TC and Hyzon, based in Rochester, New York, intends to assess prospective hub sites across many states and provinces across the region to deliver hydrogen for heavy-duty trucks. To facilitate Hyzon's back-to-base vehicle fleet deployments, the firms said that they would target sites near existing and prospective client demand.
Furthermore, it is estimated that each hub would generate up to 20 metric tons of hydrogen per day (mt/d).
Hessen stated that TC is dedicated to identifying and establishing energy solution in North America to satisfy energy transition demand from customers and its own assets.
The partnership with Hyzon is TC's second hydrogen FCEV agreement, after a deal to provide hydrogen to Nikola Corp was inked just last month.
According to Tudor, Pickering, Holt & Co.’s analyst, Matt Taylor, Hyzon and Nikola are both FCEV producers, but their business strategies are distinct.
Nikola also plans to build hubs but with a capacity of around 150 mt/d, which is significantly more than Hyzon's 20 mt/d.
Source credit: https://www.naturalgasintel.com/tc-energy-hyzon-partnering-amid-string-of-north-american-hydrogen-initiatives/
Pankaj Singh November 15, 2021
TC Energy Corp., a natural gas pipeline company, and Hyzon Motors, a global supplier of hydrogen fuel cell powered electric vehicles (FCEV), have reportedly announced a new partnership to develop, construct, own, as well as operate hydrogen production hubs and facilities across North America.
Corey Hessen, the President of Power and Storage at TC, stated that the partnership is expected to merge TC Energy’s experience in natural gas as well as renewables with Hyzon’s technical performance in fuel cell electric vehicles, which are being supplied throughout the world.
Meanwhile, Parker Meeks, Chief Strategy Officer at Hyzon, stated that the company’s work with TC has already started, with assessment of production sites currently underway. Meeks added that the two enterprises expect to have these systems online soon.
Jennifer Link, a TC spokesman, stated that the business is still in the initial stages of evaluating any hydrogen production hub. After a location has been confirmed and licensed, it might still take ‘several months’ to establish a 20-mt/d hub.
The TC-Hyzon collaboration is the most recent in a series of recent efforts to boost hydrogen infrastructure development.
TC and Hyzon, based in Rochester, New York, intends to assess prospective hub sites across many states and provinces across the region to deliver hydrogen for heavy-duty trucks. To facilitate Hyzon's back-to-base vehicle fleet deployments, the firms said that they would target sites near existing and prospective client demand.
Furthermore, it is estimated that each hub would generate up to 20 metric tons of hydrogen per day (mt/d).
Hessen stated that TC is dedicated to identifying and establishing energy solution in North America to satisfy energy transition demand from customers and its own assets.
The partnership with Hyzon is TC's second hydrogen FCEV agreement, after a deal to provide hydrogen to Nikola Corp was inked just last month.
According to Tudor, Pickering, Holt & Co.’s analyst, Matt Taylor, Hyzon and Nikola are both FCEV producers, but their business strategies are distinct.
Nikola also plans to build hubs but with a capacity of around 150 mt/d, which is significantly more than Hyzon's 20 mt/d.
Source credit: https://www.naturalgasintel.com/tc-energy-hyzon-partnering-amid-string-of-north-american-hydrogen-initiatives/
S. Korea to burn hydrogen, ammonia at thermal power plants
By Shim Woo-hyun
Published : Nov 17, 2021 -
(Ministry of Trade, Industry and Energy)
The South Korean government announced Tuesday it will develop hydrogen and ammonia as feedstock for thermal power generation in order to gradually phase out the use of fossil fuels.
According to the Ministry of Trade, Industry and Energy, the government has launched a public-private council to lead the research, with an aim of introducing hydrogen and ammonia in the fuel mix as early as 2030.
The ministry’s plan envisions more than half of South Korea’s coal-fired thermal power plants, or at least 24, using a fuel mix consisting of 20 percent ammonia as early as 2030.
By 2035, local gas-fired thermal power plants will use a mix of liquefied natural gas and 30 percent hydrogen. In the following years, the government will increase the hydrogen proportion beyond 30 percent, it said.
To achieve the goal, the ministry will launch research projects to secure necessary technologies, including one for the development of new turbines for hydrogen and ammonia fuel mix.
“Introduction of hydrogen and ammonia at local thermal power plants will reduce stranded assets of those power plants and provide them with flexibility to cope with the variability and uncertainty that renewable energy transition will deliver,” said Kang Kyung-sung, director of the material component industry division of the ministry.
The ministry will establish the ammonia supply chain, spanning from its procurement to delivery to the power plants. It plans to first build facilities that can store ammonia during the next year.
The ministry noted the use of hydrogen and ammonia at thermal power plants has been increasingly tested in other countries.
In the US, GE is currently helping an Ohio-based 485-megawatt power facility to burn hydrogen. The facility is expected to burn around 15-20 percent hydrogen by volume in the gas stream in the early stage and increase the proportion up to 100 percent in the future.
Kawasaki Heavy Industries in Japan too has built a pilot plant that has a 1MW gas turbine fueled by both hydrogen and natural gas.
The ministry’s latest announcement is part of South Korea‘s goal of going carbon neutral by 2050, which also states the government aims to increase the proportion of hydrogen and ammonia power generation to 13.8-21.5 percent.
By Shim Woo-hyun (ws@heraldcorp.com)
By Shim Woo-hyun
Published : Nov 17, 2021 -
(Ministry of Trade, Industry and Energy)
The South Korean government announced Tuesday it will develop hydrogen and ammonia as feedstock for thermal power generation in order to gradually phase out the use of fossil fuels.
According to the Ministry of Trade, Industry and Energy, the government has launched a public-private council to lead the research, with an aim of introducing hydrogen and ammonia in the fuel mix as early as 2030.
The ministry’s plan envisions more than half of South Korea’s coal-fired thermal power plants, or at least 24, using a fuel mix consisting of 20 percent ammonia as early as 2030.
By 2035, local gas-fired thermal power plants will use a mix of liquefied natural gas and 30 percent hydrogen. In the following years, the government will increase the hydrogen proportion beyond 30 percent, it said.
To achieve the goal, the ministry will launch research projects to secure necessary technologies, including one for the development of new turbines for hydrogen and ammonia fuel mix.
“Introduction of hydrogen and ammonia at local thermal power plants will reduce stranded assets of those power plants and provide them with flexibility to cope with the variability and uncertainty that renewable energy transition will deliver,” said Kang Kyung-sung, director of the material component industry division of the ministry.
The ministry will establish the ammonia supply chain, spanning from its procurement to delivery to the power plants. It plans to first build facilities that can store ammonia during the next year.
The ministry noted the use of hydrogen and ammonia at thermal power plants has been increasingly tested in other countries.
In the US, GE is currently helping an Ohio-based 485-megawatt power facility to burn hydrogen. The facility is expected to burn around 15-20 percent hydrogen by volume in the gas stream in the early stage and increase the proportion up to 100 percent in the future.
Kawasaki Heavy Industries in Japan too has built a pilot plant that has a 1MW gas turbine fueled by both hydrogen and natural gas.
The ministry’s latest announcement is part of South Korea‘s goal of going carbon neutral by 2050, which also states the government aims to increase the proportion of hydrogen and ammonia power generation to 13.8-21.5 percent.
By Shim Woo-hyun (ws@heraldcorp.com)
‘No way around hydrogen’ says RWE CEO, as firm lays out plans to invest billions in renewables
PUBLISHED TUE, NOV 16 2021
Anmar Frangoul
KEY POINTS
“When you look long term, there is no way around hydrogen,” Markus Krebber tells CNBC.
There is excitement about the potential of green hydrogen in some quarters, but it remains expensive to produce.
Currently, the vast majority of hydrogen generation is based on fossil fuels.
Markus Krebber, CEO of RWE AG, photographed during a press conference on November 15, 2021.
Fabian Strauch/dpa | picture alliance | Getty Images
Hydrogen has a key role to play in the years ahead, especially in industrial applications, according to the CEO of German power company RWE.
“When you look long term, there is no way around hydrogen,” Markus Krebber, who was speaking to CNBC’s Annette Weisbach, said.
In an interview broadcast Tuesday morning, Krebber claimed this was because hydrogen was “the only technology … we currently know which is able to decarbonize those industries which cannot electrify like steel, but also some parts of the chemical industry.”
Described by the International Energy Agency as a “versatile energy carrier,” hydrogen has a diverse range of applications and can be deployed in a number of sectors.
It can be produced in a number of ways. One method includes using electrolysis, with an electric current splitting water into oxygen and hydrogen.
If the electricity used in this process comes from a renewable source such as wind or solar then some call it green or renewable hydrogen.
While there is excitement about the potential of green hydrogen in some quarters, it remains expensive to produce. Currently, the vast majority of hydrogen generation is based on fossil fuels.
Krebber told CNBC that it would take time to build a hydrogen economy and that his company wanted to — and would — play an active role. “But we need to be fast, because I think wherever green hydrogen is available it is a very competitive edge for the location.”
Growth plans
Krebber’s comments came as RWE laid out plans for the next decade that will be backed by a gross investment of 50 billion euros ($56.73 billion) in its core business between 2021 and 2030.
In an announcement Monday, the firm said this would mean “an average of 5 billion euro gross each year for offshore and onshore wind, solar, batteries, flexible generation and hydrogen.”
Net cash investments — gross investment minus asset rotation — will amount to roughly 30 billion euros across the entire period, or 3 billion euros a year.
“Our growth plan is fully funded,” Krebber told CNBC. “We can finance it with our strong operating cashflow and then partly we do farm downs, so we sell stakes in our projects or partner with others.”
In 2030, the company is targeting “green” installed net capacity of 50 gigawatts and wants adjusted earnings before interest, taxes, depreciation, and amortization to be 5 billion euros for its core business, in which nuclear and coal are excluded.
While the company is looking to expand its renewables capacity, fossil fuels are not out of the picture.
“With an installed capacity of 14 GW, RWE is currently operating the second-largest gas-fired power station fleet in Europe,” RWE said.
“Additional plants with a generation capacity of at least 2 GW, which will have a clear decarbonisation roadmap, are planned.”
At the end of last year, the RWE Group’s installed hard coal capacity amounted to 2.2 GW. Lignite, or brown coal, capacity stood at 8.5 GW.
Looking to the future and energy prices, Krebber sketched out some of the challenges ahead.
“Long term, when you think it through … [with] the current technologies and current costs we know, I think, a fully green energy world will be not more expensive than the old fossil world,” he said.
“The problem we are facing is that this transformation has to happen in a very short period of time,” he said. “Typically, we discuss investment cycles of 30 years but now, the entire transformation has to happen in 15 years. And that can create bottlenecks and drive prices.”
PUBLISHED TUE, NOV 16 2021
Anmar Frangoul
KEY POINTS
“When you look long term, there is no way around hydrogen,” Markus Krebber tells CNBC.
There is excitement about the potential of green hydrogen in some quarters, but it remains expensive to produce.
Currently, the vast majority of hydrogen generation is based on fossil fuels.
Markus Krebber, CEO of RWE AG, photographed during a press conference on November 15, 2021.
Fabian Strauch/dpa | picture alliance | Getty Images
Hydrogen has a key role to play in the years ahead, especially in industrial applications, according to the CEO of German power company RWE.
“When you look long term, there is no way around hydrogen,” Markus Krebber, who was speaking to CNBC’s Annette Weisbach, said.
In an interview broadcast Tuesday morning, Krebber claimed this was because hydrogen was “the only technology … we currently know which is able to decarbonize those industries which cannot electrify like steel, but also some parts of the chemical industry.”
Described by the International Energy Agency as a “versatile energy carrier,” hydrogen has a diverse range of applications and can be deployed in a number of sectors.
It can be produced in a number of ways. One method includes using electrolysis, with an electric current splitting water into oxygen and hydrogen.
If the electricity used in this process comes from a renewable source such as wind or solar then some call it green or renewable hydrogen.
While there is excitement about the potential of green hydrogen in some quarters, it remains expensive to produce. Currently, the vast majority of hydrogen generation is based on fossil fuels.
Krebber told CNBC that it would take time to build a hydrogen economy and that his company wanted to — and would — play an active role. “But we need to be fast, because I think wherever green hydrogen is available it is a very competitive edge for the location.”
Growth plans
Krebber’s comments came as RWE laid out plans for the next decade that will be backed by a gross investment of 50 billion euros ($56.73 billion) in its core business between 2021 and 2030.
In an announcement Monday, the firm said this would mean “an average of 5 billion euro gross each year for offshore and onshore wind, solar, batteries, flexible generation and hydrogen.”
Net cash investments — gross investment minus asset rotation — will amount to roughly 30 billion euros across the entire period, or 3 billion euros a year.
“Our growth plan is fully funded,” Krebber told CNBC. “We can finance it with our strong operating cashflow and then partly we do farm downs, so we sell stakes in our projects or partner with others.”
In 2030, the company is targeting “green” installed net capacity of 50 gigawatts and wants adjusted earnings before interest, taxes, depreciation, and amortization to be 5 billion euros for its core business, in which nuclear and coal are excluded.
While the company is looking to expand its renewables capacity, fossil fuels are not out of the picture.
“With an installed capacity of 14 GW, RWE is currently operating the second-largest gas-fired power station fleet in Europe,” RWE said.
“Additional plants with a generation capacity of at least 2 GW, which will have a clear decarbonisation roadmap, are planned.”
At the end of last year, the RWE Group’s installed hard coal capacity amounted to 2.2 GW. Lignite, or brown coal, capacity stood at 8.5 GW.
Looking to the future and energy prices, Krebber sketched out some of the challenges ahead.
“Long term, when you think it through … [with] the current technologies and current costs we know, I think, a fully green energy world will be not more expensive than the old fossil world,” he said.
“The problem we are facing is that this transformation has to happen in a very short period of time,” he said. “Typically, we discuss investment cycles of 30 years but now, the entire transformation has to happen in 15 years. And that can create bottlenecks and drive prices.”
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