In a recent interview in New York with Bloomberg TV at the margins of the UN General Assembly and New York Climate Week, EIB President Werner Hoyer discussed the current energy crisis and efforts to develop renewable energy and infrastructure. Questioned by presenters Alix Steel and Guy Johnson on the EIB’s energy lending policy, President […]
Fortescue Announces Execution Plan For Industry Leading Decarbonisation – EQ Mag Pro
– US$6.2 billion capital investment by 2030 to eliminate fossil fuel risk and reduce operating costs by US$818 million per year. Fortescue Metals Group Ltd (Fortescue, ASX: FMG) has today updated its world leading heavy industry decarbonisation strategy, aiming to eliminate fossil fuel use and achieve real zero terrestrial emissions (Scope 1 and 2) across […]
Carbon Capture Remains A Risky Investment For Achieving Decarbonisation – EQ Mag Pro
Shute Creek in the U.S. underperformed its carbon capture capacity by around 36% over its lifetime, Boundary Dam in Canada by about 50%, and the Gorgon project off the coast of Western Australia by about 50% over its first five-year period. The 90% emission reduction target generally claimed by the industry has been unreachable in […]
New York Looks to Hydrogen to Drive Decarbonisation
New York Governor Andrew M. Cuomo has announced that New York plans to explore the potential role of green hydrogen as part of the state’s comprehensive decarbonization strategy. To support this effort to study green hydrogen and its possible applications, the state is collaborating with the National Renewable Energy Laboratory (NREL), joining two hydrogen-focused organizations […]
India Takes a Step Forward Towards Decarbonisation And Promotion of RE , Hydro PSP And BESS
The waiver of ISTS charges on transmission of the electricity generated from solar and wind extended till 30th June 2025 The waiver of ISTS charges also allowed for Hydro PSP and BESS. The waiver of transmission charges allowed for trading of Renewables in the power exchanges. Ministry of Power has issued order today for extension […]
Geopolitical Implications of Green Hydrogen Economy
Action to mitigate climate change is set up to be a major global theme politically and economically for the coming decades. This is no longer merely about environmental conservatism; it is also about long-term industrial and economic sustainability. In the competition between countries, access to technology, natural resources, and human capital needed to deliver this […]
Renewable hydrogen could reduce emissions in alumina refining
On behalf of the Australian Government, the Australian Renewable Energy Agency (ARENA) has today announced up to $579,786 in funding to Rio Tinto to support a feasibility study investigating the potential to partially decarbonise its alumina refining operations using renewable hydrogen. Conventional alumina refining combusts natural gas to achieve the high temperatures necessary in the […]
Volkswagen’s Electric Cars To Help This Greece Island To Go Green
Volkswagen has lined up electric cars like ID.3 and ID.4, as well as the eScooter Seat MOID.4 became the first zero emission police car for the Greek island. Volkswagen and the Greek Government have started the transformation of Astypalea into a sustainable and smart island. On Wednesday, the first electric vehicles were delivered to the […]
Element 2 Steps Up Search for City Hydrogen Hubs
Clean fuel specialist Element 2 is holding talks with local authorities and other key parties as it steps up its search for suitable sites to build a network of ‘city hydrogen hubs’. Over the next decade the North Yorkshire-based company wants to install 2,000 H2 pumps across the UK, including 300 in Scotland.Earlier this month […]
DTEK Officially Launches Ukraine’s First Industrial Energy Storage System
DTEK has officially launched Ukraine’s first industrial lithium-ion energy storage system, installed at the Zaporizhzhya Power Plant in the city of Energodar, with a capacity of 1 MW/2.25 MWh. The battery will store and dispatch electricity to the grid, as well as maintain the functioning of Ukraine’s power system. With this pilot project, DTEK intends […]
