Now Publicly Available
- Stock Symbol: NEWH
From record-breaking shipping Investments to hybrid Vans and hydrogen scaling potential the Clean Energy race is heating up hi I'm Steve Hill CEO of new hydrogen today we explore Evergreen Marine's massive bet on hydrogen powered Marine Transport Toyota's Innovative hybrid van and emerging strategies to cut green hydrogen costs so
First up hydrogen Insight reports that shipping Giant evergreen Marine is investing nearly $3 billion in a fleet of hydrogen ready Mega container ships that will use clean methanol as fuel with shipping accounting for around 3% of global CO2 emissions this step aligns with mounting pressure to decarbonize heavy transport clean methanol which is derived from hydrogen offers significant environmental advantages over fossil fuels however Bloomberg nef warns that current production levels of hydrogen derived methanol lag far behind
Growing demand without significant expansions in Supply chains and infrastructure fulfilling this Vision will remain a challenge Evergreens initiative underscores how Global hydrogen production must scale rapidly to meet Maritime needs in Road Transport hyoto news reports that Toyota is preparing to test a hybrid van that pairs a combustion engine with an electric battery as early as next year this Innovative approach combines hydrogen's rapid refueling capability with the efficiency of battery storage the result could be a more
Versatile platform for long-distance travel particularly for fleets requiring low emissions and reliability this hybrid design also highlights hydrogen's growing role as a complement to Electric batteries offering solutions to range limitations and recharging bottlenecks that have been a headache for wider EV adoption you got to love Toyota's honesty to address challenges like limited range high costs and a frustrating shortage of hydrogen refueling stations they decided to trial a hybrid model with an electric motor listen to this
Quote it's true that our customers have been struggling with not having a hydrogen station close by as well as with a high cost of fuel this from Toyota Executive Vice President hiroko Naki Jama adding that Toyota will quote grit their teeth and persevere to make a hydrogen-based society a reality Toyota is Allin
Finally S&P global commodity insights is reporting on how hydrogen is evolving Beyond its height to real world decarbonization challenges historically seen as an energy source forever in the future hydrogen's momentum is growing thanks to significant public and private Investments worldwide S&P Global notes that the key lies in scaling up production lowering costs and improving infrastructure this aligns with the United States Department of Energy's recent $2.2 billion investment and hydrogen hubs to support industrial decarbonization despite hurdles
Like high production costs and and fragmented Supply chains hydrogen is poised to play a pivotal role in transforming Industries like steel making transportation and energy storage at new hydrogen we're advancing thermal Loop a breakthrough technology designed to produce the world's cheapest green hydrogen and potentially the cheapest hydrogen of any kind by tackling affordability and scalability head-on we're unlocking hydrogen's full potential for Industries driving Global decarbonization please visit us at newhydrogen.com to follow our progress thanks so much for watching and we'll see you again next week