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Hi everybody I'm Steve Hill CEO of new hydrogen with your top three hydrogen news items of the week first torgot Nord has placed an order for two of the world's largest hydrogen fueled ships each capable of carrying 120 Vehicles these vessels represent a significant advancement in sustainable Marine Transport utilizing green hydrogen to reduce emissions and set new standards in the industry no mention yet as to where that hydrogen will come from next positive momentum for green
Hydrogen production continues as Mitsubishi Corporation plans to invest $690 million in the Eno electrolyzer project in roddam with a capacity of 800 megigigawatts it aims to produce 880,000 tons of hydrogen annually making it nearly 30 times larger than current projects the production's Reliance on inconsistent renewable energy sources and the significant initial investment combined with technological challenges of scaling up could adversely affect Market stability and Roi but it's a big step in the right direction experts predict
The green hydrogen Market to reach 122 trillion but to do so green hydrogen is going to need to be cheap and rapidly scalable new hydrogen is designing thermal Loop to meet those objectives more on that in just a second
Last up hydrogen Insight reports that the EU is not even close to meeting its 2030 Green hydrogen Target with an anemic 3 gaw of projects underway these delays are said to be due to financial challenges like high interest rates and inflation PWC warns that the target of 10 million tons of annual renewable hydrogen production capacity is at risk citing slow progress cost disparities and infrastructure barriers these obstacles are real and won't be overcome using the 1034
Year old hydrogen production methods in use today that's why new hydrogen is working closely with UC Santa Barbara to produce the world's cheapest green hydrogen via a radically new technology called ThermoLoop now under development you can follow our progress at new hydrogen.
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