Trafigura has announced the cancellation of its $471.2 million inexperienced hydrogen facility in Australia following a feasibility analysis, while Aurora Energy Research indicates that Germany, Spain, Sweden, and the United Kingdom could drive over 50% of renewable energy requirements by 2035, necessitating €100 billion in investments.
Trafigura has abandoned its plans for a $471.2 million green hydrogen facility at its Port Pirie smelter in South Australia after completing a feasibility study, a representative from the company informed pv journal. The Singapore-headquartered commodities firm will continue to invest in green hydrogen through MorGen Energy, which is focusing on projects in Milford Haven, Wales, and Esbjerg, Denmark.
Aurora Energy Research stated that Germany, Spain, Sweden, and the United Kingdom could comprise over 50% of renewable energy demand by 2035, requiring an investment of €100 billion. Higher-than-anticipated hydrogen production costs necessitate policy support to close the funding gap and promote adoption in sectors such as aviation, maritime, and feedstock, according to Emma Woodward, the company’s hydrogen market leader.
The UK government has announced plans to eliminate the Climate Change Levy (CCL) on electricity utilized for hydrogen production. Currently, the CCL adds GBP 7.75 ($10)/MWh to business electricity expenses. The government stated that removing the charge will aid low-carbon hydrogen production and is engaging with industry stakeholders until May 7 to enhance implementation and avoid unintended consequences.
Conflux Technology announced that it is progressing to the next phase of its partnership with AMSL Aero to develop hydrogen fuel cell cooling for long-range electric vertical take-off and landing (VTOL) aircraft. The firms have completed three heat exchanger concepts to reduce weight and volume and are now optimizing a full proof-of-concept assembly for testing in Vertiia’s hydrogen fuel cell powertrain. Vertiia aims to become the world’s first long-range passenger-capable hydrogen VTOL.
Hyzon shareholders have approved a plan to liquidate and dissolve the company. The US hydrogen fuel cell system manufacturer stated that it intends to allocate assets for creditor benefit in the near future, but its board will determine the final timing, and dissolution may not move forward.
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