The Hydrogen Stream: US government wants to reduce green hydrogen cost by 80% to $1 per …

“The initiation of this agreement with Axpo, with whom we have a long-standing collaboration, is a first step in exploring the potential of green hydrogen in Italy,” said Sergio Durando, head of ABB Energy Industries Italia.

“This will produce an initial grid totaling 475 kilometers in length and interconnecting the production and consumption points in Mecklenburg-Western Pomerania, Brandenburg, Saxony, Saxony-Anhalt and Berlin.” The hub plan in eastern Germany made it onto the shortlist of 62 large-scale hydrogen projects selected for the €8 billion IPCEI program.

Pennsylvania-based Air Products and Texas-headquartered oil field services company Baker Hughes announced on Wednesday a global collaboration to develop “next generation hydrogen compression to lower the cost of production and accelerate the adoption of hydrogen as a zero-carbon fuel.” Baker Hughes will provide Air Products with hydrogen compression and gas turbine technology in several projects worldwide, including Canada and Saudi Arabia.

“The IMO discussions on the decarbonisation strategy are progressing but this must be accelerated in order to meet the European Green Deal objectives of carbon neutrality by 2050,” reads the executive summary of the paper, explaining why the EU should take the lead to promote a transformation of the maritime sector.

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