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CNN —Japan’s flag carrier had to make last minute changes to deal with excess weight – not from baggage, but from a group of passengers who just so happened to be sumo wrestlers. The sumo wrestlers weighed an average of 120 kilograms (264 pounds) each – far more than the 70 kilogram (154 pounds) average passenger – an airline spokesperson told CNN, raising concerns over fuel capacity on the smaller aircraft that services flights within Japan. But it was still a tight squeeze on the way back from the sumo festival. We had great support, although we are a little tired,” a representative for the Gunma wrestlers said in the TV Asahi report. There are no weight restrictions or classes in sumo wrestling, but the ancient Japanese sport has been dominated by bulkier athletes.

Persons: CNN —, Amami Oshima, “, ” Organizations: CNN, Japan Airlines, JAL, Haneda Airport, Itami Airport, ITM, TV Asahi, Asahi, bulkier, Travelers, Korean Air, Air Locations: Amami, Tokyo, Osaka, Japan, Haneda, Fukuoka, Gunma, “, Zealand, Auckland, New York

☆ Thyssenkrupp hydrogen IPO calls for leap of faith
▼ + stars: | 2023-06-22 | by ( Pamela Barbaglia | ) www.reuters.com time to read: +5 min

Once known as the Swiss army knife of climate change for its myriad potential applications in heating, heavy industry and vehicles, green hydrogen has fallen to earth. High fossil fuel prices have also made green hydrogen more affordable relative to other types made from gas. Yet green hydrogen is mostly confined to large-scale industrial usages like steel and ammonia manufacturing. López Borrego will do well to get his IPO away at 3 billion euros without a tangible discount. Switching an average European steel site to green hydrogen could cost 7 billion euros, according to a Hydrogen Europe report.

Persons: Miguel Ángel López Borrego, Thyssenkrupp, DNR.MI, Nucera, López Borrego, Nora, George Hay, Streisand Neto Organizations: Reuters, Nucera, Industrie, Energy, ITM, Mingyang Smart Energy, Reuters Graphics Reuters, Thyssenkrupp, European, Council, Thomson Locations: Frankfurt, Dortmund, U.S, Swiss, Saudi

It comes as hydrogen technology is getting a boost from favourable legislation in the United States and Europe, which are both seeking to strengthen the technology to help carbon dioxide-heavy industries, including steel and chemicals, to decarbonise. "A potential IPO would enlarge the financial flexibility of Thyssenkrupp Nucera and raise its profile as a leading supplier of technology for the production of green hydrogen," he said. The listing, which is run by Citi (C.N) and Deutsche Bank (DBKGn.DE), will primarily consist of new shares, Thyssenkrupp Nucera said. First-half sales were up 74% at 306 million euros, while the group's earnings before interest and tax rose 87% to 13.3 million euros. "With our electrolysis technology we want to shape a new era of the energy transition," said Werner Ponikwar, chief executive of Thyssenkrupp Nucera.

Persons: Nora, Italy's De Nora, DNR.MI, Miguel Lopez, Thyssenkrupp, Thyssenkrupp Nucera, De Nora, Nora's, Norway's Nel, Werner Ponikwar, Christoph Steitz, Tom Kaeckenhoff, Francesca Landini, Miranda Murray, Clarence Fernandez, Sharon Singleton Organizations: Reuters, Citi, Deutsche Bank, Thyssenkrupp, Britain's ITM, Energy, U.S ., Thomson Locations: FRANKFURT, DUESSELDORF, Ukraine, United States, Europe, U.S

FRANKFURT, April 5 (Reuters) - Thyssenkrupp (TKAG.DE) may pick June to list its hydrogen business Nucera, provided equity markets are robust, three people familiar with the matter said, in what could be a multi-billion euro initial public offering. Plans to list Nucera, a 66%-34% joint venture between Thyssenkrupp and Italy's De Nora (DNR.MI), were put on the backburner last year due to unfavourable market conditions following the war in Ukraine and subsequent energy crisis. Nucera makes the electrolysers that are needed to produce green hydrogen - a sector that is currently benefiting from the U.S. Inflation Reduction Act and European Union initiatives to support the green energy transition. Thyssenkrupp Chief Executive Martina Merz, under pressure to deliver on her pledge to turn the sprawling conglomerate into a leaner and more focused holding, said last month that the group would make a new effort to list Nucera, without elaborating. When plans for a listing of the business were first communicated in 2021, analysts valued Nucera at between 3 billion and 6 billion euros.

☆ Exclusive: Hydrogen firm Thyssenkrupp Nucera says IRA spurring U.S. interest
▼ + stars: | 2023-03-09 | by ( Christoph Steitz | ) www.reuters.com time to read: +5 min

Thyssenkrupp Nucera held talks about several potential green hydrogen projects "with very concrete timelines" during a trip to the United States last week, Chief Executive Werner Ponikwar said in an interview. Green hydrogen, produced using renewable energy, is seen as key to decarbonising industry and so meeting climate targets. "We are gaining a new growth market," Ponikwar said. Ponikwar expects the U.S. hydrogen market to grow to a mid double-digit gigawatt (GW) amount by the end of the decade, from just a few hundred megawatts currently. While the IRA supports hydrogen production, it does not require makers of hydrogen equipment to produce locally, unlike other renewable technologies where that's a condition to qualify for credits.

☆ Morgan Stanley says Biden-backed green subsidies will boost this little-known hydrogen stock
▼ + stars: | 2023-02-09 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Shares of Norway's Nel Hydrogen are expected to rise by more than 20% thanks to the latest set of green subsidies in both the U.S. and Europe, according to Morgan Stanley. Morgan Stanley says Nel shares, which trade in the U.S. and Europe , will rise to 22 Norwegian Kroner ($2.15) over the next 12 months. Apart from the sectoral tailwinds, Nel shares also benefit from being one of the few listed green hydrogen companies, said the analysts. Morgan Stanley is also bearish on ITM Power's stock, which is one of the few viable alternatives, according to the bank. However, Morgan Stanley believes sentiment has hit rock bottom, and shares of the company are likely to rise from the current level.

The FTSE 100 (.FTSE) ended up 0.2% at 7,860.07, not far off its all-time high of 7,903.50 points hit in May 2018, while the mid-cap FTSE 250 (.FTMC) added 0.7%. "Investors appear to have fallen back in love with UK assets," said Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown. Money markets are pricing in a 64.3% chance of a 50-basis point hike by the BoE in February to curtail inflation. Oil majors BP (BP.L) and Shell (SHEL.L) slipped close to 0.4% each as crude prices fell. ITM Power (ITM.L) slumped 12% after the energy storage and clean fuel company forecast a wider full-year loss.

Pornind de la ideea prioritizării activității la domiciliu pentru a evita aglomerația de la birourile curente de muncă, ministrul Muncii, Violeta Alexandru a făcut acum puțin timp un anunț neclar și dubios. Violeta Alexandru a continuat: ”Ca să spun foarte clar - unele sporuri au legătură cu spațiul de lucru din instituțiile publice, precum condițiile speciale - spor de antenă, indemnizația de hrană”. Dacă sporurile sunt prinse acolo, ca și în statutul și regimul de funcționare al instituției, atunci nu se pot anula sau modifica! Aceste e sensul majorității sporurilor, pe care Violeta Alexandru pare să le ignore. Sau de prilejul de apărea în presă, chipurile pentru chestiuni publice - dar, în fapt, pentru a-și face imagine, recte campanie?

Persons: Violeta Alexandru, Violeta Alexandru ., Alexandru, salariatul, Nicolae Ciucă Organizations: Muncii, PNL

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