Statements of companies and regulators with links of primary sources about real projects
Clean Hydrogen Partnership launches € 113.5 million call for projects across the whole hydrogen value chain
The Clean Hydrogen Partnership is launching a new hydrogen research call for proposals on 17 January 2024, the company announced. A total of € 113.5 million will be made available through Horizon Europe for projects to cover R&I activities across the whole hydrogen value chain.
Additional € 60 million (from the RePowerEU plan budget) will be used to support different activities (including topping-up of related call topics and a procurement to set-up and run a ‘Hydrogen Valleys Facility’ ) for increasing the number of Hydrogen Valleys across Europe.
“It is crucial that the Clean Hydrogen JU continues to support the development of innovative, cutting-edge projects that will help materialise the benefits of hydrogen technologies and help us to move forward towards the next generation of products. We invite applications from partners across all EU and associated countries and we hope they will come with solutions that will bring us a step closer to a resilient and sustainable hydrogen economy” said Mirela Atanasiu, Executive director a.i. , Clean Hydrogen Partnership
A total of 20 topics are part of the call for proposals, including 5 for Renewable Hydrogen Production, 5 for Hydrogen Storage and distribution, 4 for transport and 2 for heat and power. In addition, 2 topics will support Cross-cutting issues. This call also includes 2 Hydrogen Valleys topics.
The topics are grouped into 11 Research and Innovation Actions (RIA), 8 Innovation Actions (IA), and 1 Coordination and Support Action (CSA). Two of the Innovation Actions, on Hydrogen Valleys, are considered of strategic importance and are selected as flagship projects.
Synergies with other European partnerships and programmes as well as with Member States and regional programmes are at the core of a number of topics.
FCH2RAIL H2 train completed tests in the Zaragoza – Teruel line
Testing of the bimode hydrogen train demonstrator on the Zaragoza – Teruel line has been succesfully completed , the EU-Project FCH2RAIL announced on 19 January. This line is one of the most demanding lines due to its steep and long slopes, reaching an altitude of 1001 m above sea level in the Ferreruela station.On this line the train covered 350 km in hybrid mode with one H2 refuelling – even in winter conditions with temperatures down to -3°C!
Caterpillar Demonstrates Viability of Using Hydrogen Fuel Cell Technology for Backup Power at Microsoft Data Center
Caterpillar Inc. announced the success of its collaboration with Microsoft and Ballard Power Systems to demonstrate the viability of using large-format hydrogen fuel cells to supply reliable and sustainable backup power for data centers. The demonstration provided valuable insights into the capabilities of fuel cell systems to power multi-megawatt data centers, ensuring uninterrupted power supply to meet 99.999% uptime requirements.
The demonstration was conducted in a challenging environment and validated the hydrogen fuel cell power system’s performance at 6,086 ft (1,855 m) above sea level and in below-freezing conditions. The project simulated a 48-hour backup power event at Microsoft’s data center in Cheyenne, Wyoming, where a hydrogen fuel cell was integrated into a data center electrical plant to support its critical load. A Caterpillar Microgrid Controller was used to operate two Cat® Power Grid Stabilization (PGS) 1260 battery energy storage systems along with the 1.5 MW hydrogen fuel cell.
Caterpillar led the project, providing the overall system integration, power electronics, and microgrid controls that form the central structure of the hydrogen power solution. “This successful collaboration with Microsoft and Ballard demonstrates the potential of hydrogen fuel cells to help data centers address their critical power needs while reducing their emissions,” said Jaime Mineart, senior vice president of Caterpillar Electric Power.
“This project’s success provides an opportunity for hyperscale providers to drive innovations in the sustainability of power generation technologies,” said Sean James, senior director of data center research at Microsoft. “The research and findings of the hydrogen fuel cell demonstration will help us towards our goal of becoming carbon negative by 2030.”
The project is supported and partially funded by the U.S. Department of Energy Hydrogen and Fuel Cell Technologies Office (DOE) under the H2@Scale initiative, which brings stakeholders together to advance affordable hydrogen production, transport, storage and utilization in multiple energy sectors. During the demonstration, the DOE’s National Renewable
Energy Laboratory (NREL) analyzed safety, techno-economics, and greenhouse gas (GHG) impacts.
“We see the completion of this demonstration as an important proof point of the reliability and durability of Ballard’s fuel cells in providing zero-emission backup power for data centers,” said David Mucciacciaro, Chief Commercial Officer of Ballard Power Systems. “We are excited about the ability of our products to meet the critical power needs of data center customers in this rapidly growing sector.”
Nel ASA received purchase order for 10 MW of electrolyser equipment from Samsung C&T
Nel Hydrogen Electrolyser AS, a subsidiary of Nel ASA (Nel), has signed a contract for 10 MW of alkaline electrolyser equipment for about EUR 5 million with Samsung C&T Corporation Engineering & Construction Group (‘Samsung C&T’) for its first off-grid green hydrogen production project to be deployed in South Korea.
“We are thrilled to have been selected for this pilot project. Samsung C&T is dedicated to learning and developing within the green hydrogen industry, and we look forward to a productive and fruitful collaboration with the company,” says Nel’s CEO, Håkon Volldal.
Samsung C&T (Construction and Trading) focuses on global engineering, procurement, and construction. The company has signed several green hydrogen agreements and continues to strengthen its energy transition business portfolio.
Press release https://shorturl.at/fjQY4
Chung-Ang University Researchers Develop a Low-Cost Catalyst for Green Hydrogen Production
In a recent study published in Volume 88 of the Journal of Energy Chemistry in January 2024, a group of researchers, led by Professor Haeseong Jang from the Department of Advanced Materials Engineering at Chung-Ang University, has developed a promising OER catalyst, the university announced.
Denoted as SA Zn-RuO2, the catalyst comprises of RuO2 stabilized by single atoms of zinc. Elaborating about their study, Prof. Jang says, “We were motivated by the need to find efficient and cost-effective alternative electrocatalysts for OER in PEM water electrolysis. Based on our study, we propose a dual-engineering strategy, involving single atom Zn doping and the introduction of oxygen vacancies, to balance high catalytic activity with stability during acidic OER.”
The researchers synthesized SA Zn-RuO2 by heating an organic framework with ruthenium (Ru) and zinc atoms, forming a structure with oxygen vacancies (missing oxygen atoms that positively alter the properties) and Zn-O-Ru linkages. These linkages stabilize the catalyst in two ways—one, by strengthening the Ru-O bonds, and second, by providing electrons from zinc atoms to protect ruthenium from overoxidation during the OER process. Furthermore, the improved electronic environment around the ruthenium atoms lowers the energies needed for molecules to stick to the surface, thus lowering the energy barrier for the reaction.
The resulting catalyst was more stable, with no apparent fall in reactivity, and significantly outperformed commercial RuO2. Moreover, it required less extra energy (low overpotential of 213 mV compared to 270 mV for commercial RuO2) and remained functional for a longer period (43 hours compared to 7.4 hours for commercial RuO2).
Due to its improved stability and features, the newly proposed SA Zn-RuO2 catalyst has the potential to influence the development of cost-effective, active, and acid-resistant electrocatalysts for OER. This, in turn, could help in reducing costs and enhancing the production of green hydrogen, aiding in a shift toward cleaner energy sources and advancements in sustainable technologies.
In summary, the highly reactive and catalytically stable RuO2 catalyst for the acidic OER has increased durability and favorable characteristics, and holds immense potential for guiding the design of robust and active non-iridium-based OER electrocatalysts for practical applications!
Reference
Journal: Journal of Energy Chemistry
DOI: https://doi.org/10.1016/j.jechem.2023.09.010
Chung-Ang University: https://neweng.cau.ac.kr/index.do
Solaris will deliver 10 hydrogen buses to the German public transport operator Rheinbahn AG from Düsseldorf
The 10 Solaris Urbino 12 hydrogen buses on order will be an innovative way to boost sustainable transport in the city of Düsseldorf, which has set itself the goal of achieving climate neutrality by 2035, the Solaris Bus & Coach announced.
The city has been implementing its strategy by adding both battery-electric and hydrogen-powered units to its urban fleet. Importantly, the ordered buses will be powered by green hydrogen, produced exclusively using renewable electricity.
“Solaris has been continuously promoting sustainable transport by offering the widest range of zero-emission vehicles. Our partnership with Düsseldorf dates back to 2005, and it has included, among other things, purchases of electric buses. I am very pleased that our hydrogen buses will also serve the residents of Düsseldorf as part of its municipal public transport as soon as next year”, said Olivier Michard, Member of the Solaris Management Board for Sales and Marketing.
The 12-metre hydrogen buses will feature a technologically-advanced 70 kW Ballard hydrogen fuel cell, which will be supported by Solaris High Power batteries. The bus will also be equipped with a wide range of systems compliant with GSR2 requirements, which will provide passengers and drivers with the highest levels of safety.
Press release https://shorturl.at/ejoH8
H Cycle receives new decision recognising its hydrogen production from waste technology from CalRecycle
H Cycle’s Article 2 Determination Marks an Important Milestone in the Process to Build Flagship Low-Carbon Hydrogen Facility in Pittsburg
H Cycle, an innovator in renewable hydrogen production, announced that the company received an SB 1383 Article 2 Determination from CalRecycle. The Article 2 Determination recognizes that H Cycle’s technology constitutes an increase in landfill diversion of post-recycle organic waste and a reduction in greenhouse gas (GHG) emissions.
The truck with a diesel-hydrogen powertrain holds third place for the seventh day of the Dakar
“Despite rough use and unsuitable angles … , we’re delighted with the reliability of the HydraGEN unit, which still run as well as it did on the first day of the race”, the dynaCERT reported on 17 January.
The French team’s 915 MAN Dakar Classic Rally race truck has been fitted with a HydraGEN™ HG1 Unit that is designed to provide hydrogen and additional oxygen to the truck’s engine. dynaCERT’s proprietary HydraGEN™ Technology is designed to reduce emissions of Greenhouse Gases, NOx, CO2, THC and particulate matter when compared to other diesel trucks that will race at the Dakar Classic Rally.
The first stage of the Dakar Classic 2024 started on 6 January 2024. Final stage and finish podium of the race scheduled on 19 January.
Press release https://shorturl.at/dyAUV
Enbridge and FortisBC to fund a study of the feasibility of transporting hydrogen through existing gas pipes for communities
Enbridge Inc.,and FortisBC Energy Inc., announced funding, with contributions from the British Columbia Ministry of Energy, Mines and Low Carbon Innovation, for their own respective studies to produce an integrated summary that will examine how hydrogen, a low-carbon energy source, can be safely and reliably delivered using the province’s existing gas pipeline infrastructure.
This hydrogen blending study will look at the percentage of hydrogen that can be safely transported through gas pipeline infrastructure, such as Enbridge’s Westcoast natural gas transmission system, as well as FortisBC’s gas transmission and distribution systems, to reduce greenhouse gas emissions and help develop a low-carbon energy economy. If upon completion it is determined that hydrogen can be safely transported in this infrastructure, the study will be used to inform the development of codes and standards to regulate its transportation and help to inform the development of a commercial hydrogen market in the province.
Enbridge’s Westcoast system operates more than 2,900 kilometres (km) of pipeline from the northeast of the province to the U.S.-Canada border and east to the B.C.-Alberta border. This pipeline system supplies natural gas to FortisBC’s approximately 51,000 km gas transmission and distribution system. The gas transported on these systems is ultimately used to heat homes, hospitals, businesses and schools.
ClassNK issues AiP for Maritime Hydrogen Fuel Cell System developed by YANMAR, marking first in Japan
ClassNK has issued an Approval in Principle (AiP) for a maritime hydrogen fuel cell system developed by YANMAR Power Technology Co., Ltd. This is the first AiP certification for a maritime hydrogen fuel cell system developed by a Japanese manufacturer.
Hydrogen fuel cells are gaining attention as a potential means to help reduce GHG emissions from shipping. Meanwhile, due to the unique characteristics of hydrogen, distinct from conventional gas fuels, safety discussions are actively underway at the IMO. Based on IMO’s interim guidelines*1 and relevant IEC standards, ClassNK has issued the “Guidelines for Fuel Cell Power Systems On Board Ships (Second Edition)”, specifying safety requirements for the design of ships using fuel cell power installations and the systems themselves to promote and expand the utilization of fuel cells in ships,
Press release https://shorturl.at/cnzLX
Ryze Hydrogen join forces with Vauxhall to create hydrogen solutions for fleet operators
Ryze Hydrogen announced that it joined forces with Vauxhall to create hydrogen solutions for fleet operators, empowering businesses to integrate hydrogen vehicles seamlessly.
Refuel options include on-site solutions or designated facilities.
Our collaboration with Vauxhall is a key element in their comprehensive hydrogen strategy, aimed at establishing a practical and widespread hydrogen refuelling infrastructure for fleet operations throughout the UK.
The partnership announcement precedes fleet trials for the Vauxhall Vivaro HYDROGEN in the UK in 2024. Then later this year, orders are expected to open for the hydrogen variant of the Movano, Vauxhall’s largest light commercial vehicle, with initial customer deliveries slated for 2025.
Press release https://rb.gy/95p3nw
Delta Secures License to Hydrogen Energy Technology from Ceres to Develop its Fuel Cell and Electrolysis Solutions
Delta Electronics, Inc., a global leader in power and thermal management and provider of IoT-based Smart Green Solutions, announced the signing of a long-term collaboration agreement, which includes technology transfer and licensing, with Ceres Power Limited, subsidiary of London Stock Exchange-listed Ceres Power Holdings plc (hereinafter referred to as “Ceres”) to access Ceres’ Hydrogen energy stack technology portfolio for approx. GBP43 million. Ceres is a global leader in solid oxide fuel cell and electrochemical technology.
Through this partnership, Delta expects to integrate Ceres’ energy stack technology with its own industry-leading power electronics and thermal management technologies to develop solid oxide fuel cell (SOFC) and solid oxide electrolysis cell (SOEC) systems for hydrogen energy applications, with production expected to start by the end of 2026, with strong ambition for future scale-up. These SOFC and SOEC systems are expected to enhance the capabilities of Delta’s green solutions for a myriad of sectors, such as, chemicals, energy, transportation, steel and more.
Ping Cheng, Delta’s CEO, said, “Hydrogen has high heating value and zero CO2 emission potential characteristics, and thus, will play a crucial role in the global transition towards net-zero.
Press release https://shorturl.at/duAD8
ZeroAvia and Verne Partner to Explore Cryo-Compressed Hydrogen for Airports and Aircraft
ZeroAvia and Verne announced that they have signed an MOU to jointly evaluate the opportunities for using cryo-compressed hydrogen (CcH2) on-board aircraft and for conducting CcH2 refueling from gaseous hydrogen (GH2) and liquid hydrogen (LH2) sources.
Verne is a hydrogen storage and refueling technology startup focused on solutions using cryo-compressed hydrogen for heavy-duty sectors. Cryo-compressed hydrogen stores gaseous hydrogen at cold temperatures, increasing the energy density of the fuel, which could enable a longer range compared to GH2 powered aircraft.
According to analysis by Verne, cryo-compressed hydrogen can achieve 40 percent greater usable hydrogen density than liquid hydrogen and 200 percent greater usable hydrogen density than 350 bar gaseous hydrogen. Additionally, the application of cryo-compressed hydrogen promises to significantly reduce cost of densification and refueling time, increase dormancy time relative to LH2 systems, and potentially eliminate venting for pressure management.
Press release https://shorturl.at/eho13
Atmen, which certifies hydrogen production in terms of CO2 emissions, has raised €1.3M
Atmen, a Munich-based regulatory technology company, announced a successful €1.3 million pre-seed funding round. The round was led by Revent with co-investment from Vireo Ventures with participation from UnternehmerTUM and angel investors. Atmen, previously known as Point Twelve, harnesses IoT and SaaS to provide transparent, dynamic and automated carbon intensity certification for energy-intensive industries. The company starts with hydrogen and e-fuels.
Atmen’s technology is poised to meet the surging demand for precise, scalable certification processes, especially crucial for energy-intensive industries that contribute significantly to CO2 emissions. The investment will accelerate Atmen’s mission to replace outdated, manual, unpredictable certification processes with a streamlined, automated approach.
“We are thrilled to lead Atmen’s funding round,” said Henrik Grosse Hokamp, Partner at Revent. “Industrial decarbonization is one of the most pressing challenges of our decade. Unless carbon intensity is continuously tracked and certified, producers cannot prove their target achievement and product decarbonization cannot be incentivized.”
Atmen recognizes the challenges of aligning with market demands and regulatory compliance. To tackle these issues, the company offers technology that enables producers to incorporate sustainability certification right from the initial design phase of their products and supply chains. In addition, the company collaborates with industry partners to both promote Digital Product Passports as a norm for hydrogen and e-fuels and to enable compliance technologies.
Leading renewable hydrogen producer Lhyfe and TÜV Nord count among Atmen’s key partners.
Press release https://shorturl.at/aoDRX
German INERATEC Raises $129 M To Develop E-fuel Technology Based On Hydrogen
INERATEC, a German pioneering e-Fuel company, announced it has raised over $129 million in its Series B funding round, led by Piva Capitalwith additional participation from HG Ventures, TDK Ventures, Copec WIND Ventures, RockCreek, Emerald, Samsung Ventures as well as the increased support from current investors, including global corporates like ENGIE New Ventures, Safran Corporate Ventures and Honda.
“This financing round is a major milestone for INERATEC as well as the transition from fossil fuels to sustainable e-Fuels,” said Tim Boeltken, CEO of INERATEC. “With the new capital, we are positioned to catalyze a paradigm shift in the energy sector. Our focus is to scale-up e-Fuelsenabled by this new investment. By transforming 1GW of renewable energy into 125 million gallons of sustainable e-Fuel by 2030, we are taking solid steps in creating a viable alternative to fossil fuels.”
Press release https://shorturl.at/BLNU9
Novuna awarded £2.1 million for the first large-scale deployment of #fuelcell electric trucks in the UK
“We are proud to have been awarded funding of over £2.1 million as part of the Tees Valley Hydrogen Vehicle Ecosystem Consortium, which will showcase the first large-scale deployment of fuel cell electric trucks in the UK, the Novuna announced.
As the selected truck leasing partner within the consortium, we will work alongside German manufacturer, Quantron AG, to build, fund and manage the in-life maintenance of more than 20 fuel cell electric trucks ranging from 4.2 to 27 tonnes deployed in the project, the company said.
Press release https://shorturl.at/nsHNX
Spanish Coolergy to modernise and convert to liquefied hydrogen 12 TGM4 shunting locomotives for Hanko Trans OÜ
Spanish company Coolergy S.L. and Estonian company Hanko Trans OÜ signed a contract for modernization and retrofitting to liquefied hydrogen of 12 TGM4 shunting locomotives owned by Hanko Trans OÜ.
All locomotives operate in the port of Riga, Latvia.
Modernization and conversion of locomotives to liquefied hydrogen is expected to halve Hanko’s fuel costs, eliminate emissions of harmful substances into the atmosphere, improve the tactical, technical, ergonomic characteristics of the locomotive and its design.
This decision is fully consistent with the Riga Seaport’s 2030 carbon neutrality transition program.
Modernization and conversion of the first diesel locomotive to liquefied hydrogen is expected to be completed by September 2024.
Coolergy S.L. will build a hydrogen production and liquefaction facility with a capacity of 1 ton of LH2 per week in one of the Baltic countries. It is assumed that wind energy will be used to produce hydrogen. Negotiations are currently underway with owners of wind farms in Estonia and Latvia.
Coolergy S.L. was founded in September 2023, and is engaged in projects in the field of cryogenic and gas chemical engineering, mainly in the domain of hydrogen.
Team Coolergy S.L. consists of specialists with unique experience in converting railway transport to low-carbon and cryogenic fuels, as well as experience in design, production and construction of equipment and installations for the production, storage and transportation of cryogenic gases, hydrogen, methanol, ammonia, as well as power plants.
Describe more https://coolergy.eu
Airbus has powered propulsion system prototype with hydrogen fuel cells, designed for electric concept aircraft
“The ZEROe team recently reached a critical milestone in their quest to bring a hydrogen-powered aircraft to the skies by 2035”, Sabine Klauke, Chief Technical Officer at Airbus reported in her LinkedIn. “The propulsion system prototype, designed for our electric concept aircraft, was powered on at 1.2 megawatts, at our E-Aircraft System House, in Munich. That’s enough energy to power 12 electric cars!The iron pod contains the hydrogen fuel cells and the electric engine powertrain that will power each of the concept aircraft’s propellers. Several of them will be needed to get an aircraft off the ground, and we are due to test one in flight on our A380 test platform in 2026”.
Source and photo https://shorturl.at/ixL01
Kawasaki Heavy Industries announced a 10 billion yen bond issue to develop hydrogen technology
Kawasaki Heavy Industries, Ltd. announced its first transition bond issuance as a means of financing via the Master Framework, which the company established in November 2023 as the first fund-raising framework of its kind worldwide.
Transition bonds are bonds issued for the purpose of financing projects based on a long-term transition strategy aimed at reducing corporate greenhouse gas emissions. Funds raised through public offerings of these bonds domestically within Japan will be used for projects related to the clean transport and storage of hydrogen and clean energy utilization of hydrogen. Specific solutions include liquefied hydrogen carriers, liquefied hydrogen storage tanks, and hydrogen gas turbines for power generation. Through the provision of such decarbonization solutions, Kawasaki will promote the transition to carbon neutrality not only within its own organization, but among its customers as well, thus contributing to the early realization of worldwide carbon neutrality. The company’s bond issuance has been selected for support under the Ministry of Economy, Trade and Industry’s FY2023 Subsidy for Global Warming Countermeasures Promotion Project.
Press release https://shorturl.at/djLPR
Sacrè-Davey:Demand for hydrogen-powered FCEVin North America is estimated at 6 million
First Hydrogen Corp., announced the results of a North American market study prepared by Sacré Davey Engineering Inc. (“Sacrè-Davey”). The report highlights demand for First Hydrogen hydrogen-powered-fuel-cell light commercial vehicle (“FCEV”) in North America is estimated at 6 million vehicles with demand expected to grow to over 8 million units by 2035 due to zero emission requirements.
First Hydrogen commissioned Sacrè-Davey for a hydrogen market study to establish the Shawinigan, Québec-based facilities dedicated to the assembly of the Company’s FCEV and production of green hydrogen. According to Deloitte’s report (Green hydrogen: Energizing the path to net zero. Deloitte’s 2023 global green hydrogen outlook), the emerging green hydrogen market is expected to grow to US$1.4 trillion per year by 2050.
Sacré-Davey surveyed 104 fleet operators and owners from various industries (telecom, construction, food distribution, beverages, energy and utilities, forestry, governments and freight transport) regarding their interest for zero-emission hydrogen fuel cell commercial vehicles (classes 2 to 4). Based on 2021 Canadian and U.S. registration numbers, an estimated 6+ million light commercial vehicles in North America can be replaced by hydrogen-powered vehicles (“LCV”), such as the Company’s FCEV.
HH2E and GASCADE Gastransport GmbH announce pipeline grid connection agreement for hydrogen
HH2E has concluded a contract with GASCADE for the grid connection of the green hydrogen production facility in Lubmin to the European Gas Pipeline Link (EUGAL lines 1 and 2), starting by the end of 2025 at the latest, the HH2E announced.
This link will allow green hydrogen to be blended into the natural gas grid, and in future HH2E plans to to utilise the “𝔽𝕝𝕠𝕨 – 𝕞𝕒𝕜𝕚𝕟𝕘 𝕙𝕪𝕕𝕣𝕠𝕘𝕖𝕟𝕙𝕒𝕡𝕡𝕖𝕟” pipeline as soon as its capacities can be booked.
Statements on this were made by Alexander Voigt from HH2E, Ulrich Benterbusch from GASCADE and State Secretary Michael Kellner from the Federal Ministry for Economic Affairs and Climate Action during their visit to GASCADE’s compression station in Baruth/Mark. They discussed the future of hydrogen infrastructure and its crucial role in Germany’s energy landscape.
Press release and video https://shorturl.at/JSU58
HyEnergy Hydrogen Project Begins Environmental Approval Process
Province Resources Ltd confirmed that the environmental approval process of the HyEnergy green hydrogen development has commenced with a referral of the project to Western Australia’s Environmental Protection Authority (EPA).The referral of the proposal under Section 38 of the Environmental Protection Act allows the regulator to begin the process of examining potential environmental impacts.The referral allows the EPA to make an assessment on the project as the Company continues with more detailed technical studies and progressing other government approvals.The Westen Australian Government recently reformed the referral process to ensure the environmental assessment would not “stop the clock” on other government decisions, which had previously been the case.
Press release https://shorturl.at/ivAHS
CyberFuels bought $33.5 million worth of territories to build green hydrogen and SAF facilities
Encountercare Solutions, Inc. (OTC-BB: ECSL) announced that through its wholly owned subsidiary, CyberFuels, Inc., it has closed on the purchase of over 71 acres of property including certain contractual rights and business assets pertaining to the operations of the Port Tampa canal in Florida. The combined purchase price for the land, waterways and related canal business was $33.5 million. The 10 parcels will provide CyberFuels and its customers with the opportunity to develop a new fuel terminal with excellent interstate access, existing CSX rail service, and access by barge or tanker for large volume deliveries and sales. CyberFuels intends to use this facility to develop a “Green Energy Campus,” a state-of-the-art liquid storage and blending terminal with a focus placed on e-fuels and SAF (sustainable airline fuel). Buildout plans also include blending and storage tanks for CyberFuels “EcoFlex” branded fuels.
Hydrexia and Baowu Magnesium Form Strategic Partnership In The Hydrogen Industry
Hydrexia Holding Limited (Hydrexia), a leading hydrogen technology solution provider in China and Baowu Magnesium Technology Co., Ltd (Baowu Magnesium), a global leader in the field of light metal materials, today announced that the two companies have agreed to form a strategic partnership, leveraging the technology, production, and industry resource strengths of both companies in the hydrogen industry.
Under the planned strategic partnership framework, both companies will engage in substantial cooperations in several areas, including optimization of magnesium alloy hydrogen storage performance, production of core magnesium alloy raw materials, and processing and recycling of magnesium pellets.
Moreover, both companies have agreed to engage in a joint marketing initiative geared toward broadening industrial application scenarios of magnesium-based solid-state hydrogen storage and transportation technology. To this end, both companies will seek to establish application showcases using magnesium-based solid-state technology across various industry verticals.
