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Study finds future-fuel demand for shipping industry equal to entire current global production of renewables

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Huge and immediate need for renewable-based fuels in shipping represents opportunity for investors, according to ‘Fuelling the Fourth Propulsion Revolution’ report released today. Particular opportunity for the Global South identified as net-zero fuel production costs expected to be up to 20% lower in Latin America and Africa.

Renewable 210
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Cepsa to invest €3B in Andalusia to build the largest green hydrogen hub in Europe; additional €2B for renewable power

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To generate the renewable electricity needed to feed production of green hydrogen, Cepsa will develop a 3GW portfolio of wind and solar energy projects with an additional €2-billion investment. It also has one of the highest wind and solar photovoltaic power generation and production capacity in Europe, and at the lowest cost.

Hydrogen 397
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Anglo American unveils prototype 2MW hydrogen-battery hybrid mine haul truck

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Anglo American plc unveiled a prototype of the world’s largest hydrogen-powered mine haul truck designed to operate in everyday mining conditions at its Mogalakwena PGMs (platinum group metals) mine in South Africa. nuGen is a tangible demonstration of our FutureSmart Mining program changing the future of our industry.

Hydrogen 369
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Hynfra and Amarenco MENA form strategic partnership to produce hydrogen and ammonia in MENA region

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Poland-based Hynfra has signed a framework cooperation agreement with Amarenco MENA, a major developer of renewable energy projects in the Middle East and North Africa and part of Amarenco Group. The area has high solar radiation levels, making it an ideal location for large-scale solar energy production. Hynfra P.S.A.

Hydrogen 150
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Germany and Namibia form partnership for green hydrogen

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Namibia has enormous potential for scaling up a green hydrogen industry. Solar power harbors an even greater potential thanks to over 3,500 hours of sunshine per year. The National Hydrogen Council estimates that hydrogen demand of German industry alone (excluding refineries) will amount to 1.7 It has a lot of vast unused space.

Namibia 337
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Starfire Energy closes major funding round; green ammonia and hydrogen solutions

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The investment round was led by AP Ventures, a significant investor in breakthrough hydrogen technologies, and included New Energy Technologies, Chevron Technology Ventures, Osaka Gas USA, and Mitsubishi Heavy Industries. The process can scale back to a zero capacity factor and rapidly scale right back to 100% or anywhere in between.

Hydrogen 377
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Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

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The arrival of cheap battery storage will mean that it becomes increasingly possible to finesse the delivery of electricity from wind and solar, so that these technologies can help meet demand even when the wind isn’t blowing and the sun isn’t shining. trillion of that going to wind and solar and a further $1.5 NEO 2018 sees $11.5

Wind 220