Hystar Announces 4 GW Factory in Norway and North American Expansion Plans
Hystar AS, a high-tech firm specialising in green hydrogen technology, has announced the development of a fully automated 4 GW electrolyser facility in Hvik, Norway, scheduled to be completed in 2025. The corporation is also planning to open a new facility in North America in 2024 and a multi-GW production by 2027.
Hystar is presently in talks with key players in the United States and Canada about establishing its first GW plant on the continent. The North American market is conducive to such investments, with both countries giving substantial incentives and subsidies for clean hydrogen generation. Hystar’s expansion goals are projected to contribute to the world economy’s decarbonization.
Source: Hystar
BACARDÍ® Rum Inaugurates System to Cut Greenhouse Gas Emissions by 50%
Bacardi has opened a new Combined Heat and Power (CHP) system in Puerto Rico, which will dramatically cut greenhouse gas (GHG) emissions from its Bacardi rum brand. The CHP system will reduce emissions by 50% by substituting heavy fuel oil with propane gas. The system will supply all of the energy needed by the distillery, offices, and the famed Casa Bacardi visitor centre.
This decision is consistent with Bacardi’s objective to reduce global GHG emissions by 50% by 2025. Good Spirited, the company’s Corporate Responsibility programme, also includes targets including minimising water use, procuring sustainable raw materials and packaging, and achieving zero waste to disposal at all manufacturing facilities. The efforts of Bacardi in developing novel environmental practises go beyond the CHP system.
Source: BACARDÍ®
ADNOC to deploy repurposed EV batteries to decarbonise operations and reduce costs
ADNOC is teaming up with the German firm Power I.D. to test a Battery Energy Storage System that will employ reused electric vehicle batteries to decarbonize its remote manufacturing activities. The device, which can store up to two megawatts of power in a single 20-foot storage container, will be developed in the UAE and will eliminate the need for diesel generators to power remote drilling rigs.
The pilot project is expected to lower carbon emissions by up to 25% and energy consumption by 50%. ADNOC has created the UAE’s first Battery Centre of Excellence at the ADNOC Research and Innovation Centre to support the long-term development and implementation of Battery Energy Storage Systems. The Battery Energy Storage System uses advanced electric vehicle technology and disruptive liquid cooling technology to enhance efficiency and lifespan.
Source: ADNOC
SLB launches carbon storage screening and ranking solution
Schlumberger (SLB) has introduced a screening and ranking solution to assist customers in identifying carbon storage sites with the highest long-term integrity and economic potential. The service assesses storage facilities using both technical and non-technical data, identifies potential dangers, and provides benchmark comparisons to successful storage projects around the world.
The procedure validates data using unique tools and advanced digitally enabled workflows in a rapid, traceable, and consistent manner. To detect potential hazards, a sensitivity and uncertainty analysis is conducted. SLB worked with a customer in Trinidad and Tobago to evaluate storage sites based on 67 main criteria and compare them to carbon storage basins in the United States and Europe. The process empowered the customer to prioritize areas with prime subsurface and surface characteristics, as well as high grading zones for more detailed evaluation and investment.
Source: SLB
The US Department of Energy’s Loan Programmes Office and Sunnova have completed a $3 billion partial loan guarantee, the largest commitment to solar power ever made by the US government. The loan guarantee will cover 90% of up to $3.3 billion in term loans, allowing 75,000-115,000 homes to benefit and resulting in the deployment of 568 MW of solar and storage capacity.
Sunnova’s weighted average cost of capital will be reduced, and interest savings will result. Sunnova will give monthly service reports and measure project results to report on greenhouse gas reductions linked with the effort. The project’s goal is to provide economic and environmental advantages to underserved communities. Sunnova is planned to provide software to homeowners to complement the PV and batteries and facilitate demand flexibility.
Source: Renewable Energy World
INEOS Inovyn Becomes Europe’s First Green Hydrogen ISCC PLUS Fully Certificated Producer
INEOS Inovyn is Europe’s largest electrolysis technology operator, producing 60,000 tonnes of low-carbon hydrogen per year across numerous locations. The company has received a new ISCC certification, demonstrating its commitment to lowering carbon emissions. Hydrogen production at the group’s Antwerp location will be certified under ISCC PLUS beginning in June 2023, a global voluntary certification programme for bio-based, circular, and renewable raw materials across all markets.
Customers who use INEOS Inovyn’s renewable hydrogen will now be able to create sustainable downstream goods that benefit from this certification while also lowering their Scope 3 emissions. The Antwerp plant uses renewable electricity from existing and local Power Purchase Agreements to manufacture hydrogen via Chlor-Alkali electrolysis. Through their expertise in production, technology, and storage, INEOS Inovyn is helping pioneer changes that will grow European hydrogen production. This ISCC PLUS certification means there is only one product on the market today with robust and transparent sustainability credentials.
Source: INEOS
Chicago Seeks to Nix Rust Belt Label With $1 Billion Climate Bid
The Chicagoland Climate Investment Alliance, a new group in the United States’ Midwest, wants to turn Chicago into a hub for cutting-edge climate technologies. The alliance will ask the federal government for $1 billion in funding to assist initiatives that reduce greenhouse gas emissions and promote sustainable development.
It includes organisations such as World Business Chicago, the state of Illinois, the city of Chicago, and P33, and it intends to bring together businesses and non-profits to work on these activities. Illinois has been aggressively pursuing federal funds to assist with its transition to a greener economy, and this cooperation is part of a larger push to attract investment in new technologies. The Chicago region’s “green economy” already generated over $18 billion last year, highlighting its potential for growth and innovation in the climate sector.
