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DNV okays Hanwha Aerospace’s marine hydrogen fuel cell system

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Hanwha Aerospace has received approval in principle (AIP) from DNV for its 200 kW hydrogen fuel cell system designed for maritime applications. The post DNV okays Hanwha Aerospace’s marine hydrogen fuel cell system appeared first on Offshore Energy.

Where hydrogen is challenged – and where it can really work | Podcast

Few subjects are as fraught and complex as hydrogen. In the latest 1895 episode, gasworld’s Rob Cockerill and Tom Dee reflect on the main hurdles the sector has faced during the last five years, which have slowed the uptake of mass-market adoption despite tangible progress. The team chronicled 23 companies that have faced either restructuring, scrapped projects or gone bankrupt, with many of these in the last four to five months. It is clear that financing not only remains an obstacle to projects being green-lit but also to corporate profitability in the sector. Last year was an especially uncomfortable year, “with the hydrogen bubble finally bursting”. Yet the prevailing narrative of an industry constantly on the ropes isn’t quite right, either. Progress is there to be seen. Amid stories of major corporates such as BP,… Read More »Where hydrogen is challenged – and where it can really work | Podcast

Total insured losses from North Sea containership-tanker allision to likely range between $100M to $300M

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Total insured losses resulting from the allision between a Portuguese-flagged containership and a US-flagged tanker in the North Sea are anticipated to range between $100 million and $300 million for all coverages, according to a Canada-based global credit ratings agency. The post Total insured losses from North Sea containership-tanker allision to likely range between $100M to $300M appeared first on Offshore Energy.

Vopak commits an extra €1bn to grow industrial infrastructure

© Royal Vopak / the company is targeting low-carbon fuels and feedstocks © Royal Vopak / the company is targeting low-carbon fuels and feedstocks Dutch tanks and infrastructure business Royal Vopak is spending €1bn more on gas and industrial infrastructure to accelerate the energy transition, taking its overall investment to €2bn. The investment was confirmed at its Capital Markets Day. It will focus on infrastructure solutions for low-carbon fuels and sustainable feedstocks, ammonia as a hydrogen carrier, liquid CO2, and battery energy storage. CEO Dick Richelle said an increased operating cash return target of above 13% and a new commitment to capital spending makes it well-positioned to capture additional growth opportunities. The majority of existing investments by the company have been in gas infrastructure to address energy security and affordability needs, and a substantial portion… Read More »Vopak commits an extra €1bn to grow industrial infrastructure

Vast secures conditional funding for clean energy project in Port Augusta

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Vast Renewables has secured up to A$180 million (approximately $113.3 million) of conditional funding from ARENA for the construction of its utility-scale clean energy project Vast Solar 1 (VS1), part of the Port Augusta Green Energy Hub, which also includes green methanol production facility Solar Methanol 1 (SM1). The post Vast secures conditional funding for clean energy project in Port Augusta appeared first on Offshore Energy.