A new green hydrogen production plant being built by the Enel Group in Patagonia, Chile, will open a new chapter in the global transition to decarbonization. The plant is located in Punta Arenas, the world's southernmost city, where the climate is extremely inhospitable. But the local population is eager to see the benefits of green hydrogen. Here's what they've got to say about the plant.
A new company has sprung up in Brazil with plans to build a green hydrogen plant in the port city of Pacem. Known as Enegix, the company is targeting the displacement of oil and coal in the energy mix. It is not only focused on clean cars, but also on green hydrogen infrastructure, which will eventually replace oil and coal and leapfrog renewables like wind and solar. Enegix has teamed up with the Brazilian state government to explore the idea.
The company has promised to invest US$5.4 billion in the Base One plant. The plant is expected to produce 600,000 tonnes of gas a year. In addition to producing hydrogen, the plant will also produce electricity for powering cars. The company is already partnering with a local power company in Oman, a country that has a large market for natural gas. This is great news for the world economy. However, it will be difficult to maintain the supply chain if the demand for hydrogen fuels keeps rising.
For now, Enegix has hired an unnamed international engineering firm to design the plant. Construction of the plant is expected to take up to four years. The company is seeking investors through an open capital round. The company's plans are aligned with those of its partner, Ceara, which has announced plans to build five gigawatts of new offshore wind capacity within the next 5 years. Another investor, BI Energia, has invested $2.5 billion in the Camocim wind facility.
Green hydrogen is an important part of the future clean energy economy. It has many applications, including replacing the natural gas network for domestic use. It can also be used as a transport fuel, decarbonizing heavy industry, shipping, and aviation. While this technology is still in its early stages, its potential to solve energy challenges has been proven by recent successes in renewable energy. By ensuring the energy transition in the future, green hydrogen could be a major enabler for global clean energy industries.
New Jersey Resources Corp
Founded in 1922, New Jersey Resources Corp. provides safe natural gas and energy services to its customers through its regulated utility. The company is also engaged in retail energy services, asset management, and clean energy ventures. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. Its main businesses include providing natural gas, electricity, and home energy services. Its shareholders include investors, companies, governments, and individuals.
The company's strategy involved refocusing on its core business. The company's CEO, Laurence M. Downes, was 37 years old when he was named CEO. He had previously served as the company's chief financial officer. He emphasized a return to its core business, which was natural gas and oil. To do so, the company sold non-core assets like real estate and oil and gas exploration and production. The company raised $135 million from the sale of non-core assets.
NJNG sold its southern operations in 1952. The company changed its name to New Jersey Natural Gas or NJNG. With the proceeds from the sale, NJR was able to invest more money in the company's core territories. In 1975, the company established an exploration and production subsidiary, which invested $7.5 million in natural gas search operations. Its southern operations were sold off to the South Jersey Gas Company, which allowed NJR to focus on its core areas.
NJR's fiscal fourth quarter results were mixed. Its net financial earnings were $6.6 million compared with $43.4 million in the year-ago period. While EPS was down from the previous year, the company reaffirmed its guidance for the fiscal year 2022 of $2.20 to $2.30 per share. NJR's gas utility, CEV, and transmission and storage segments saw lower net financial earnings in fiscal 2020 compared to the prior year.
SGH2 Lancaster plant
A global energy company, SGH2, plans to build the world's largest green hydrogen plant in the City of Lancaster, California. Their technology is greener than green and will be able to gasify any kind of waste, including plastic, paper, tires, and textiles. Ultimately, their goal is to transform the way we generate clean energy, and their technology has the potential to make their hydrogen cost-competitive with natural gas.
The company will partner with the Fluor Group, a global construction, engineering, and procurement firm with best-in-class experience in building hydrogen-from-gasification plants. The companies will provide front-end engineering and technology integration, as well as comprehensive performance guarantees for the plant. In addition, SGH2 will partner with Munich Re, the largest reinsurance company in the world, for the project's electrical, automation, security, and telecommunications systems.
The SGH2 Lancaster plant will be located on five acres of land zoned for heavy industry. It will produce 11,000 kilograms of green hydrogen a day, or 3.8 million kg per year. It will also process 42,000 tons of recycled waste annually, saving the City USD 2.1 to 3.2 million in landfill costs. It will also produce clean fuel that will be used to power light-duty fuel-cell vehicles in Lancaster.
With the SGH2 Lancaster plant, SGH2 will issue an Output Performance Guarantee for the entire project. The company is negotiating with global energy companies for similar projects in the Northern California and Asian region. These projects are designed to scale rapidly and linearly. Additionally, they do not require a lot of land. The project will take approximately 18 months to complete. And with all this in place, SGH2 will be in a position to launch more projects across the globe.
FPL Cavendish NextGen Hydrogen Hub
The Florida Power and Light Company, a subsidiary of NextEra Energy, plans to build the FPL Cavendish NextGen Hydrogen, a first-of-its-kind, “green” hydrogen plant in Florida. The hub will use solar energy to power an electrolysis process. The green hydrogen produced will be blended with natural gas and used to fuel an existing combustion turbine at the co-located FPL Okeechobee Clean Energy Center. It will be used to generate electricity to power FPL customers across the grid.
The 25 megawatt electrolyzer system will be supplied by Cummins Inc., which designs and manufactures a wide range of power solutions. The Cavendish NextGen Hydrogen Hub will be Florida's first green hydrogen plant and could lay the foundation for a carbon-free energy future. Cummins Inc.'s 25-MW electrolyzer system will power the hydrogen plant. The plant is expected to be completed in 2023, resulting in a production capacity of 10.8 tons of hydrogen per day.
The Cavendish NextGen Hydrogen Hub will use solar energy to generate “green” hydrogen from water and mix it with natural gas to power a combustion turbine at the co-located FPL Okeechobee Clean Energy Center. As an alternative energy source, the Cavendish NextGen Hydrogen Hub will also produce cleaner electricity. It will contain five Cummins HyLYZER(r) 1000 PEM electrolyzers and produce 10.8 tons of hydrogen per day.
Air Products is establishing a new green hydrogen plant to fuel its future fleet. Green hydrogen is an increasingly popular fuel for power generation, transportation, and chemical applications. This innovative energy source is also renewable and free of carbon emissions. Air Products is working with two hydrogen customers in the mobility sector, H2 MOBILITY Deutschland and Transport for London. The new plant will be located in Saudi Arabia's Tabuk region. The company is committed to pursuing zero-carbon hydrogen development opportunities globally.
The CertifHy plant will provide the company with Guarantees of Origin (GOs) for renewable hydrogen. In addition to generating green hydrogen, Air Products is also developing an air separation unit for nitrogen and will work with partner Haldor Topsoe to build the plant. Once the plant is operational, the hydrogen will be destined for commercial use. However, Air Products will continue to explore and refine existing hydrogen technologies.
Currently, green hydrogen is uncompetitive compared to gray hydrogen, which is produced from natural gas. In order to make green hydrogen competitive, it will need to achieve high electrolyzer utilization rates and low power prices. Air Products believes that the low prices it can secure with its new plant are achievable in Saudi Arabia. The company believes that solar prices in the region have reached record lows. Hence, the company will invest in the new plant to make it competitive.
The company is also working with Baker Hughes on the project to supply cutting-edge compression technology for the liquefier. This technology is used in the company's world-scale carbon-free NEOM project in Saudi Arabia and its net-zero hydrogen production facility in Alberta. The new facility will be operational in 2023. It is expected to produce about ten tonnes of hydrogen per day and will have a terminal to distribute the product.