RWE, H2U to work on Australia-Germany hydrogen trading April 15, 2021, by Sanja Pekic
German energy company RWE and Australian hydrogen project developer The Hydrogen Utility (H2U) have teamed up to develop hydrogen trading between these two countries.
Courtesy of RWE
A memorandum of understanding (MoU) was signed between the two companies on 15 April 2021 with the aim to bring green hydrogen produced in Australia to Europe.
This is in line with the objective of HySupply, a German-Australian feasibility study which started in December 2020 by the German Academy of Science and Engineering and the Federation of German Industries.
The planned LNG Terminal in Brunsbüttel, where RWE intends to book capacity, is seen as a possible location for the future import of hydrogen into Germany.
And this list will undoubtedly grow in the coming weeks and months as more companies seek to get an early foot in the door of what is expected to be an enormous and potentially lucrative new sector. Let s not forget that despite the massive potential for green hydrogen to decarbonise transport, heating and heavy industry, this is still a nascent sector the largest electrolyser currently in operation is only 20MW.
The thinking behind leaping from megawatt-scale to gigawatt-scale is that the future demand for green H
2 will be gigantic, and that costs can be quickly driven down through economies of scale, with a view to making renewable hydrogen cheaper than highly polluting grey (produced from unabated natural gas or coal) by 2030.
15 April 2021 8:33 GMT Updated 15 April 2021 9:11 GMT
RWE Supply & Trading has signed a memorandum of understanding (MoU) with Australia’s Hydrogen Utility (H
2U) in a move aimed at building up global trading routes for green – renewables-produced – hydrogen between Australia and Germany.
The agreement is in line with a bi-lateral feasibility study called HySupply that was kicked off last December by the German Academy of Science and Engineering and the Federation of German Industries aiming at bringing green H
2 to Germany.
Europe’s largest economy last year as part of a $10bn national hydrogen strategy said it will massively invest both in the ramp up of hydrogen technologies in Germany and the establishment of a global hydrogen economy to allow for large-scale imports of the green gas into the country.
Green steel — likely later than sooner | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Toyota City, Japan, February 26, 2021―Toyota Motor Corporation (Toyota) has developed a product that packages a fuel cell (FC) system into a compact module and plans to begin selling it in the spring of 2021 or later. The new module will be easily utilized by companies that are developing and manufacturing FC products for wide variety of applications, including mobility such as trucks, buses, trains and ships, as well as stationary generators (referred to hereafter as FC product companies ).
As various policies for utilizing hydrogen have been adopted in recent years in each country and region and many companies have been entering the market one after another. As a result, the need for hydrogen and FC technologies has been increasing in a variety of applications.