The rising cost of energy has made us all think more carefully about how best to heat our homes. That is why there was a significant amount of interest when the Energy Secretary, Grant Shapps, recently announced the UK Government was likely to scrap plans to replace conventional boilers with a hydrogen-based alternative.
The CCS and hydrogen process will require hundreds of millions of pounds of investment and is estimated to create nearly 200 new jobs over coming years.
The Scottish Government has announced £7 million of investment in renewable hydrogen projects to drive “innovation in the production, storage and distribution.”
It’s clear that hydrogen produced from renewable energy will play an important role in supporting our transition away from fossil fuels to a low carbon energy system.
A new report is warning that political instability and a lack of government clarity around support could stunt the rollout of hydrogen projects in the UK.
The levelised costs of electricity (LCOE) for utility solar and onshore wind in Asia Pacific were up 16% and 12% respectively since 2020, as equipment, construction costs and interest rates rose in the region. However, China was insulated from the trend.
An Aberdeen-based manufacturing firm is set to create "approximately 20 jobs in the city" following an eight-figure investment in its renewables division.
Replace oil and gas? Anyone connected to the Scottish energy sector knows that the investment in creating those high skill, high value, high wage jobs simply isn’t happening on anything like the scale it needs to, writes Dick Winchester.
French energy giant TotalEnergies put a multi-billion dollar plan to produce green hydrogen with Adani Group on hold, pending audits of the Indian conglomerate accused of fraud by a US investor.
The Western Australian government today signed a new Memorandum of Understanding (MOU) with the Japan Bank for International Cooperation (JBIC) covering hydrogen, ammonia, low emission technology and decarbonisation.
Woodside Energy (ASX:WDS) produced record volumes of oil and gas in 2022, the Australian LNG exporter announced today as it released its fourth quarter financials. Woodside is also getting ready for numerous final investment decisions (FIDs) on various projects in 2023.