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☆ Researchers just discovered a massive 'jacuzzi bubbling with almost pure hydrogen' — a lucrative source of clean energy
▼ + stars: | 2024-03-03 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

A team of researchers recently discovered a massive reservoir of hydrogen in a mine in Albania. The reservoir could be a potential source of clean hydrogen energy. But recently, a team of researchers uncovered a massive reservoir of hydrogen buried in a mine in Albania that could serve as a source of clean, hydrogen energy . If the hydrogen in the mine can be safely harnessed, the researchers believe it could be a key energy source. One of the initiative's goals is for the hubs to produce "more than three million metric tons of clean hydrogen per year," about one-third of the 2030 US clean hydrogen production goal.

Persons: —, Laurent Truche, Joe Biden Organizations: Service Locations: Albania, Albania's, Tirana, Gulf Coast, Pacific Northwest, Appalachia

☆ 'The holy grail’: Startup backed by a Nobel laureate vying for a breakthrough on hydrogen storage
▼ + stars: | 2024-02-15 | by ( Sam Meredith | Www.Linkedin.Com In Samuelmeredith | ) www.cnbc.com time to read: +4 min

Picture Alliance | Picture Alliance | Getty ImagesA California-based startup backed by two pioneering scientists, one of whom is a Nobel laureate, believes it is on the cusp of a "quantum leap" in the hydrogen energy race. H2MOF, which was co-founded in 2021, is working to develop a solution for hydrogen storage by deploying the latest advancements in the field of molecularly engineered materials. It says a breakthrough in what it regards as the greatest challenge facing the hydrogen economy is just a matter of time. I would say that in the next couple of years we should be able to make another quantum leap forward. "But I would say that in the next couple of years we should be able to make another quantum leap forward," Yaghi said.

Persons: Fraser Stoddart, Stoddart, Omar Yaghi, H2MOF, That's, Yaghi, H2MOF's, Allen J Organizations: Getty, H2MOF, CNBC, Hydrogen, Los Angeles Times Locations: Germany, California, United States, Japan, Australia, Fountain Valley

☆ The Biden administration unveiled its hydrogen tax credit proposal, estimated to deliver $140 billion in revenue and 700,000 jobs by 2030
▼ + stars: | 2023-12-22 | by ( Associated Press | ) www.businessinsider.com time to read: +7 min

Officials estimate the hydrogen production credits can deliver $140 billion and 700,000 jobs by 2030. Administration officials estimate the hydrogen production credits will deliver $140 billion in revenue and 700,000 jobs by 2030 — and help the US produce 50 million metric tons of hydrogen by 2050. Firms that produce hydrogen using fossil fuels get less. The Fuel Cell & Hydrogen Energy Association includes more than 100 members involved in hydrogen production, distribution and use, including vehicle manufacturers, industrial gas companies, renewable developers and nuclear plant operators. Some of the money will flow to regional networks, or "hubs," of hydrogen producers, consumers and infrastructure that the Biden administration is also trying to kickstart with a $7 billion program.

Persons: —, Biden, Jesse Jenkins, David M, Turk, Joe Biden, Elizabeth Flores, Rachel Fakhry, Marty Durbin, Frank Wolak, Wolak, Chuck Schmitt, Jennifer M, Granholm Organizations: Biden, Service, Princeton University, Energy, Cummins, Generation, Star Tribune, Getty, Natural Resources Defense Council, US Chamber, Department of Energy, Fuel Cell, Hydrogen Energy Association, SSAB, AP Locations: Fridley , Minnesota, United States, SSAB Americas, American, Pennsylvania, California

☆ Graphene: The world’s strongest material could be used to make clean drinking water
▼ + stars: | 2023-11-29 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +6 min

CNN —Often referred to as a “miracle material,” graphene is one million times thinner than a single human hair and stronger than steel. The two-dimensional carbon material, made from single layers of graphite, a material mined from the ground, is extremely lightweight, conductive, and flexible, and has the potential to deliver transformational technologies across industries, from electronics to transportation. Now, researchers at Khalifa University in the United Arab Emirates (UAE) are exploring another use for graphene: producing drinking water. That’s where graphene comes in: Arafat is working on a graphene-enhanced membrane that could make the process more efficient and cheaper. “Even in small quantities, these graphene materials significantly improve the performance of the membranes in terms of their water production,” he adds.

Persons: ”, Hassan Arafat, Arafat, “, Arafat isn’t, Molymem, Christophe Viseux, RIC2D, James Baker, Baker, You’re, ” Baker Organizations: CNN, Khalifa University, United Arab Emirates, United Arab, Research, Innovation, UK’s University of Manchester, University of Manchester, Bloomberg, Getty, Graphene@Manchester, European Union Locations: UAE, United Arab Emirates, Abu Dhabi, Abu, Turkish, Emirates

☆ Germany puts up $8 billion to rescue huge green energy company
▼ + stars: | 2023-11-14 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

London CNN —The German government is putting €7.5 billion ($8 billion) of taxpayer cash on the table to secure the rescue of troubled wind turbine-maker Siemens Energy, a company of vital importance to the country’s energy transition. The deal to “secure the company” has been in the works for several weeks, the ministry said, noting that the federal government had been “in intensive contact” with Siemens Energy, Siemens and private lenders. The firm, which had revenue of about €29 billion ($32 billion) in its last fiscal year, also makes gas-powered turbines and electrolyzers for hydrogen energy production, among a raft of other products. It needs the financial guarantees to deliver on its €110 billion ($119 billion) pipeline of orders, according to the ministry. “We are pleased with the German government’s clear support for Siemens Energy and the commitment to the rapid implementation of projects to make the energy transition a success,” a spokesperson for Siemens Energy told CNN.

Persons: ” Organizations: London CNN, Siemens Energy, Siemens, CNN, Reuters Locations: Berlin, ” Germany, Europe’s, Russia, Moscow, Ukraine

☆ What is white hydrogen? Scientists say the clean-energy gas could save the world.
▼ + stars: | 2023-10-29 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +3 min

White hydrogen, a newly identified hydrogen source, could eliminate the need for lab production. Because it doesn't require any of these energy-intensive processes, climate experts say white hydrogen could be our saving grace, according to CNN. It's also cheaper: white hydrogen is estimated to cost about $1 per kilogram to produce, while green hydrogen costs about $6 per kilogram, per CNN. AdvertisementAdvertisementSeveral start-ups are already exploring how to commercialize white hydrogen, CNN reported. Ellis told CNN that speed is vital to ensure white hydrogen can help curb the climate crisis.

Persons: —, Jacques Pironon, Phillipe De Donato, Viacheslav Zgonnik, Geoffrey Ellis, Ellis would've, It's, Ellis, Zgonnik Organizations: Service, National, of Scientific Research, CNN, US Geological Survey Locations: France, Mali

☆ They went hunting for fossil fuels. What they found could help save the world
▼ + stars: | 2023-10-29 | by ( Laura Paddison | ) edition.cnn.com time to read: +9 min

“This was not a real surprise for us,” Pironon told CNN; it’s common to find small amounts near the surface of a borehole. Arguably, the catalyst for the current interest in white hydrogen can be traced to this West African country. White hydrogen deposits have been found throughout the world, including in the US, eastern Europe, Russia, Australia, Oman, as well as France and Mali. “Natural hydrogen is a solution which will allow us to get get to speed” on climate action, he said. Natural Hydrogen Energy LLCFrom hype to realityThe challenge for these businesses and for scientists will be translating hypothetical promise into a commercial reality.

Persons: Jacques Pironon, Phillipe De Donato, ” Pironon, Pironon, “ Gray, ’ ”, Geoffrey Ellis, “, ”, Ellis, Isabelle Moretti, Neil McDonald, Bill Gates, geochemist Viacheslav, ” Zgonnik, ” Ellis, that’s, De Donato’s, – Organizations: CNN, National, of Scientific Research, US Geological Survey, University of Pau, University of Sorbonne, Geologists, Energy Ventures, Natural Hydrogen Energy, Hydrogen Energy Locations: France, Lorraine, Mali, Bourakébougou, University of Pau et, l’Adour, Europe, Russia, Australia, Oman, Yorke, South Australia, Denver, Nebraska, Kansas

☆ Shell will cut 200 jobs in clean energy division
▼ + stars: | 2023-10-25 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Shell will cut 200 positions within its low-carbon solutions unit in 2024, a spokesperson confirmed to CNBC on Wednesday. The company's low-carbon division helps spearhead Shell's transition to clean energy including hydrogen, given its pledge to become a "net-zero emissions energy business" by 2050. In the meantime, according to the spokesperson, Shell is planning $10-15 billion of low-carbon energy investment over the next two years, which will include biofuels, hydrogen, carbon capture and electric vehicle charging. Last July, the company announced its investment in the creation of one of Europe's largest hydrogen energy plants. The question of how Big Oil companies like Shell can fit into a clean energy future is existential for its business.

Persons: Wael Sawan, downsize, Shell, Sawan Organizations: Shell, CNBC, Department of Energy, Big Oil, Exxon Mobil, Chevron Locations: Shell's, bullish, Louisiana, Paris, California

The White House calls clean hydrogen “essential to achieving the president’s vision of a strong clean energy economy" and net-zero greenhouse gas emissions in the U.S. by 2050. Some environmentalists call hydrogen a false solution because it frequently relies on natural gas or other fossil fuels as feedstocks. Among those selected were the Appalachian Regional Clean Hydrogen Hub, based in West Virginia, and the Philadelphia-based Mid-Atlantic Clean Hydrogen Hub. Other projects selected include the Alliance for Renewable Clean Hydrogen Energy Systems in California, which will produce hydrogen from renewable energy and biomass. Big fossil fuel companies, renewable energy developers and researchers in university and government labs are involved, too.

Persons: Biden, Joe Biden's, Marcellus, Sen, Joe Manchin, Perry Babb, Patty Murray, it’s, ”, Silas Grant, ___ Levy Organizations: WASHINGTON, White House, Energy, Energy Department, Democratic, Philadelphia, The, West Virginia Democrat, Partners, Alliance, Hydrogen Energy Systems, Heartland, Washington, Center for Biological Diversity Locations: Pennsylvania, California, Philadelphia, U.S, California , Washington , Minnesota , Texas , Pennsylvania, West Virginia, Illinois, The West Virginia, Pittsburgh, Virginia, Appalachia, ., Delaware , Pennsylvania, New Jersey, Houston, United States, Minnesota, Midwest, Illinois , Indiana, Michigan, Pacific Northwest, Washington, Pacific, Harrisburg , Pennsylvania

☆ Why the hydrogen tax credit has become a lightning rod for controversy
▼ + stars: | 2023-10-13 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +16 min

The proposed tax credit, 45V, is meant to turbocharge the production of low-emissions hydrogen. "The IRA's section 45V production tax credit is the most generous clean hydrogen subsidy in the world," Jesse Jenkins, professor of macro-scale energy systems at Princeton University, told CNBC. John Macdougall | Afp | Getty ImagesThe adjudication of the hydrogen tax credit has become about more than just the hydrogen tax credit, too. The amount of the hydrogen tax credit, which is available for 10 years, depends on the emissions generated in making hydrogen. If hydrogen is produced without releasing any carbon emissions, the tax credit is maxed out at $3 per kilogram of hydrogen.

Persons: that's, It's, Jesse Jenkins, John Macdougall, Wilson Ricks, Jenkins, Ricks, Rachel Fakhry, electrolyzers, Andriy Onufriyenko, Eric Guter, Josef Kallo, H2FLY, Guter, Phil Musser, Shannon Angielski, Angielski, Shi, Fakhry Organizations: Istock, Treasury, Princeton University, CNBC, Daimler Truck Holding, Afp, Getty, Energy, Research, Princeton, Natural Resources Defense Council, Power, Singularity, Air Products, Bloomberg, Air, Products, Hydrogen Company, European, EU, NextEra Energy, Hydrogen Future Coalition, BP, Duke Energy, Exxon Mobile, General Electric, Siemens Energy, American, Shell, Hydrogen, Coalition Locations: Biden's, United States, U.S, Berlin, additionality, Maribor, Slovenia, Oxagon, Saudi Arabia, Wilbarger County , Texas

☆ The world is desperately short of affordable energy, we're trying to connect the dots: Wes Edens
▼ + stars: | 2023-08-17 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe world is desperately short of affordable energy, we're trying to connect the dots: Wes EdensWes Edens, Fortress Investment Group co-Founder, joins 'Closing Bell Overtime' to talk rising interest rates' impacts on the economy, the energy sector, hydrogen energy, sports investing and more.

Persons: Wes Edens Wes Edens Organizations: Fortress Investment Group

☆ Watch CNBC's full interview with Fortress Investment Group Co-Founder Wes Edens
▼ + stars: | 2023-08-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Fortress Investment Group Co-Founder Wes EdensWes Edens, Fortress Investment Group co-Founder, joins 'Closing Bell Overtime' to talk rising interest rates' impacts on the economy, the energy sector, hydrogen energy, sports investing and more.

Persons: Wes Edens Wes Edens Organizations: Fortress Investment Group

☆ These stocks with upcoming earnings are short-squeeze candidates, Goldman says
▼ + stars: | 2023-08-06 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

A solid second-quarter earnings season is spooking short-sellers and creating big rallies for some of the most doubted stocks in the market, according to Goldman Sachs. "Stocks with low short interest declined on their earnings day, while stocks with the highest short interest rallied significantly. This average outperformance for the high short interest cohort was even evident after adjusting for the cost of options prior to their earnings report (i.e. There are several stocks with upcoming earnings reports that have high short interest, according to Goldman Sachs. The short interest in Plug Power — or the percentage of available shares that are sold short — is above 23%, according to FactSet.

Persons: Goldman Sachs, Sesha, Phani Organizations: Wall Street, Energy, Holdings, Marathon

☆ Factbox: Who are the three Russian scientists accused of state treason?
▼ + stars: | 2023-05-18 | by ( Lucy Papachristou | ) www.reuters.com time to read: +6 min

May 18 (Reuters) - Three Russian scientists who have worked on hypersonic missile technology face "very serious accusations" of state treason, the Kremlin says. Maslov was detained early in the morning of June 28 last year in Novosibirsk, according to an interview that his sons Nikolai and Alexei gave to local media. He declined to tell them anything about the possible reasons for his arrest, and they learned from his lawyer that he was being charged with state treason. Kommersant newspaper reported that Maslov was accused of divulging state secrets related to hypersonics, but provided no further details. Born in Siberia, he studied in the aircraft engineering department at Novosibirsk State Technical University.

Emerson Electric could see solid gains going forward, driven by strong fundamentals and corporate discipline, according to Morgan Stanley. Emerson Electric shares have struggled in 2023, losing nearly 14%. EMR YTD mountain Emerson Electric is a top pick for Morgan Stanley on strong fundamentals and its pursuit of National Instruments. Morgan Stanley also thinks Emerson will avoid overpaying for National Instruments thanks to "a better view on discipline and more constructive view on synergy potential" from Emerson management. National Instruments has been pursuing a sale recently.

☆ Nanotechnology company explains why it's banking on hydrogen energy
▼ + stars: | 2023-03-07 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNanotechnology company explains why it's banking on hydrogen energyShi Xu, Nanofilm Technologies International's founder and chairman, tells CNBC's Christine Tan why he believes hydrogen is the company's new growth pillar.

☆ Nikola to sell up to 75 hydrogen-powered trucks to Plug Power
▼ + stars: | 2022-12-15 | by ( ) www.reuters.com time to read: +1 min

Dec 15 (Reuters) - Electric truck maker Nikola Corp (NKLA.O) said on Thursday that it would sell up to 75 Tre hydrogen-powered trucks over three years to fuel-cell technology developer Plug Power Inc (PLUG.O). Plug Power will attach its liquid hydrogen tankers to Nikola's trucks, whose deliveries will begin next year, to transport green hydrogen fuel across North America. The company will also provide a liquefaction system for Nikola's hydrogen hub project in Buckeye, Arizona, which will produce 30 metric tons per day of the gas initially, and scale up to 150 metric tons per day. Nikola said that low-carbon hydrogen from the facility will enable further deployment of its Tre fuel-cell electric trucks. Earlier this year, Nikola said that incentives provided by the IRA would help the company lower costs of its electric trucks and hydrogen energy business.

☆ Saudi Arabia and China will align on everything from security to oil, but agree not to interfere on domestic issues
▼ + stars: | 2022-12-09 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +6 min

Riyadh and Beijing were keen to stress “the importance of stability in the world oil markets,” noting that Saudi Arabia is a reliable exporter of crude oil to its Chinese partner. China also affirmed its “opposition to any actions that would interfere in the internal affairs of the Kingdom of Saudi Arabia,” without adding more details. On Friday, Xi invited Saudi King Salman bin Abdulaziz Al-Saud to visit China, according to Saudi state TV. President Xi was given a warm welcome in Saudi Arabia with ceremonies on Thursday. Saudi Arabia “is pursuing a multipolar strategy of strong strategic ties,” added Shihabi.

DUBAI, Dec 8 (Reuters) - Saudi Arabia and China have signed memorandums of understanding on hydrogen energy and the encouragement of direct investment between the two states, state news agency (SPA) said on Thursday, during a state visit by Chinese President Xi Jinping to Riyadh. Xi and Saudi Crown Prince Mohammed bin Salman also signed an agreement for harmonization between the kingdom's 2030 vision and Beijing's belt and road initiative, SPA added. Reporting by Riham Alkousaa; Editing by Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

☆ EV maker Nikola beats revenue estimates on higher semi-truck deliveries
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +1 min

Nov 3 (Reuters) - Nikola Corp (NKLA.O) beat Wall Street expectation for third-quarter revenue on Thursday as it delivered more electric semi-trucks to dealers, sending its shares up about 3% higher before the bell. The company has been benefiting from a shift to electric trucks by logistic companies looking to cut ownership costs and meet sustainability goals. It produced 75 Tre battery electric trucks but delivered only 63 units in the quarter. The company has so far this year delivered 111 trucks and had earlier said it expects to deliver between 300 and 500 units in 2022. Revenue for the quarter stood at $24.2 million, beating estimates of $22.1 million, according to Refinitiv data.

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