By Reuters Staff
2 Min Read
FRANKFURT (Reuters) - 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.
FILE PHOTO: An aerial picture shows the four natural-gas power plants Gersteinwerk of Germany s RWE Power, one of Europe s biggest electricity and gas companies near the North Rhine-Westphalian town of Hamm, Germany May 6, 2015. REUTERS/Wolfgang Rattay/File Photo
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 during an industry webcast involving 23 grid operators from 21 countries.
3 Min Read
(Reuters) -United Airlines said on Tuesday it has partnered with global firms including Nike Inc and Siemens AG in an “Eco-Skies Alliance” to finance use this year of about 3.4 million gallons of low-carbon, sustainable aviation fuel derived from trash.
Slideshow ( 2 images )
Though tiny compared with the 4.3 billion gallons of jet fuel that United consumed in 2019 prior to the start of the COVID-19 pandemic, the amount triples the roughly 1 million gallons of sustainable fuel it has used each year since 2016.
Airlines have used sustainable fuel since 2008 as part of efforts to reduce outright emissions, but so far this represents barely 1% of the fuel used worldwide, industry groups say.
3 Min Read
(Reuters) -Berkshire Hathaway Inc reversed course on Friday and told an activist group it could present a shareholder proposal remotely for the company’s May 1 annual meeting, in line with renewed guidance from the U.S. securities regulator.
FILE PHOTO: Shareholders gather to hear from billionaire investor Warren Buffett at Berkshire Hathaway Inc s annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. REUTERS/Scott Morgan
Warren Buffett’s insurance and investment company traditionally draws thousands to its extravagant annual meeting in Omaha but, like many top U.S. corporations during the coronavirus pandemic, had asked investors to log in to the meeting remotely instead of attending in person.
By Reuters Staff
1 Min Read
OSLO (Reuters) - Norwegian power producer Statkraft will build three onshore wind farms with a combined capacity of 102 megawatt (MW) in Chile, its first such units in the South American country, the company said on Monday.
In total, the Torsa wind power project is expected to produce more than 300 gigawatt hours (GWh) of renewable energy annually once fully operational by December 2022, enough power to supply 100,000 average Chilean households, Statkraft said.
The wind farms are located in the O’Higgins region, 124 kilometres south of the capital Santiago and would help satisfy Chile’s increasing demand for renewable power, it added.
By Reuters Staff
3 Min Read
MELBOURNE (Reuters) - Australia’s Fortescue Metals Group, the world’s fourth-largest iron ore miner, has set an ambitious plan to become carbon neutral by 2030, bringing forward the target by 10 years as it aims to start producing green hydrogen as soon as 2023.
FILE PHOTO: The logo of Australia s Fortescue Metals Group (FMG) can be seen on a bulk carrier as it is loaded with iron ore at the coastal town of Port Hedland in Western Australia, November 29, 2018. Picture taken November 29, 2018. REUTERS/Melanie Burton/File Photo
Fortescue Chairman Andrew Forrest predicted the world’s conversion to green energy and green products would occur “almost violently” compared to most forecasts, which assumed hydrogen produced from renewable energy would only become commercially viable in the 2030s.