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In this week's top hydrogen news recap we cover the unveiling of the world's first Hydrogen powerered super yacht we'll talk about why hydrogen investors should pay attention to ammonia and
Finally positive momentum for hydrogen and Aviation so let's get into it First up let's see if this yacht is right for you Bill gates1 billion doll hydrogen super yott is ready to set sale it's got 12 Guest State rooms two staff cabins accommodation for 44 crew members a hospital a library elevator Cinema pool with a movable glass bottom multiple hot tubs steam room a gym a separate owner's Deck with two bedrooms two bathrooms and two offices what truly sets this yacht apart is its hydrogen power making it
The greenest and most environmentally Advanced yacht ever constructed with no compromises we believe the maritime sector will continue to drive green hydrogen demand so this is great news hydrogen has promising applications Beyond Maritime and even energy storage or fuel cells even agriculture is positioned for massive benefits let me explain a significant Emerging Market worth over $100 billion do involves using green hydrogen to produce what's called Green ammonia as a carbon- free Fuel and fertilizer traditionally ammonia
Production is highly polluting being about twice as energy intensive as crude steel is however companies like like Topo are investing millions in electrolyzers to produce ammonia from renewable hydrogen this Innovation helps decarbonize hard to Abate sectors like shipping with companies like marisk ordering vessels using 30% ammonia these substantial Investments by industrial players indicate growing commercialization to attract investors with 39% announced green hydrogen projects globally focusing on this space
Last up encouraging news for Air transport Ain online reports that Airbus has initiated feasibility studies for hydrogen infrastructure at Major North American airports including Atlanta's Hartsfield Jackson Airport this initiative aims to explore the potential for these airports to become hydrogen hubs supporting the future use of hydrogen powerered aircraft the studies are part of airbus's broader strategy to promote sustainable Aviation and reduce carbon emissions despite challenges like policy uncertainty and cost inflation SNP Global reports that clean
Hydrogen projects are advanced ing toward final investment decisions with strategic Renewable Power procurement solid off-take agreements and state support progress is being made but there is one hangup it's a big one cost the truth is that only 7% of global clean hydrogen projects have reached a positive investment decision so why is that well let's look at the facts electrolyzer costs and reminder electrolyzers are the machines that produce hydrogen have jumped 45% since 2021 while global Energy
Prices used to make this hydrogen have spiked as high as 59% over the same period according to the world bank's energy price index to reach our clean energy goals we need green hydrogen and cheap green hydrogen is really the only sustainable solution new hydrogen believes cost shouldn't be a barrier to widespread green hydrogen adoption end users are lining up governments are offering incentives and consumers are more ready than ever for the coming green hydrogen economy to
Meet this demand new hydrogen's thermal Loop is being designed to produce the world's cheapest green hydrogen type newhydrogen.com in your browser now To learn more and Thanks for watching we'll see you again next week