(Bloomberg) — Climate-friendly hydrogen was one of the most-hyped sectors in green energy. Now the reality of its high cost is taking its toll. In recent months, some of the…
https://gcaptain.com/green-hydrogen-hype-fades-as-high-costs-force-projects-to-retreat/
Plans to produce green fuels using offshore wind are not new. However, Bath, U.K.-based startup DRIFT Energy believes that can be achieved without first having to build a wind farm. Instead, It has plans to produce green hydrogen at sea using hi-tech sailing vessels and it has now raised a total of £4.65 million (about $6 million) in a seed funding round led by Octopus Ventures, with support from Blue Action Accelerator. The company says the funding will enabling it to scale and realize its...
Less than three months after my generally upbeat visit to Workhorse Group’s refurbished plant near the Ohio-Indiana border, the electric truck maker’s situation appears dire.
Layoffs and furloughsWorkhorse has laid off 20% of its workforce. Much of the rest is on unpaid furlough and could be called back to work.
The company is choked with inventory. It has less than $7 million in cash on the books and accounts payable for more than twice that amount. At a projected burn rate less than Q1’s $5.5...
https://www.freightwaves.com/news/workhorse-on-the-bubble-or-is-it-worse
ROTTERDAM, The Netherlands, May 15, 2024 (GLOBE NEWSWIRE) — EverWind Fuels (“EverWind”), a leading North American developer of a green fuels hub in Atlantic Canada, announced cooperation with the Port of Rotterdam to advance the green hydrogen supply chain. Officials from the Province of Nova Scotia joined in the announcement.
Significance of the Port of RotterdamThe Port of Rotterdam is Europe’s largest seaport and a vital energy port for Northwest Europe, serving as a key distribution channel...
Maritime Partners has received a Design Basis Agreement from the U.S. Coast Guard for the M/V Hydrogen One towboat. The Hydrogen One will be use e1 Marine hydrogen generator technology…
https://gcaptain.com/hydrogen-powered-towboat-project-receives-key-uscg-approval/
Ørsted today announced the official opening of a new office in downtown Houston. This new space will expand Ørsted’s presence in Texas, where it owns and operates eight clean energy projects collectively producing 2.4 GW of electricity, with an additional 1.2 GW of solar projects under construction. Many of the new office’s approximately 30 full-time employees will support Ørsted’s growing Power-to-X (P2X) business, which will be concentrated along the Gulf Coast of Texas.
P2X is the umbrella...
https://www.marinelog.com/news/orsteds-new-houston-office-will-include-support-for-p2x-projects/
Despite the tepid response to its first Gulf of Mexico offshore wind lease auction, the U.S. Department of the Interior today announced its proposal for a second GoM offshore wind lease sale The proposed lease sale includes four areas offshore Louisiana and Texas, totaling 410,060 acres, which have the potential to power 1.2 million homes.
Three of the new areas are off the coast of Texas, and one is off the coast of Louisiana.
The first GoM offshore wind lease sale, in August last year, produced...
Copenhagen Infrastructure Partners (CIP), the world’s largest fund manager within greenfield renewable energy, has […]
The post CIP and Mexican authorities to collaborate on green hydrogen and maritime fuels project appeared first on Offshore Energy.
Swedish electrofuel (eFuel) developer Liquid Wind has submitted an environmental permit application for the […]
The post Liquid Wind applies for environmental permit for third eFuel plant in Sweden appeared first on Offshore Energy.
A consortium of eleven partners from public and private entities from Spain, France, Ireland, […]
The post Atlantic area ports to explore the use of green hydrogen-based technologies appeared first on Offshore Energy.