DIRS.INFO The most relevant business & tech news

☆ Hydrogen Demand Is Set to Boom, but Growth Faces Big Hurdles
▼ + stars: | 2023-10-18 | by ( Yusuf Khan | ) www.wsj.com time to read: +5 min

A new report from consulting firm McKinsey forecasts a fivefold rise in hydrogen demand to 600 million metric tons a year by 2050, if climate change is limited to 1.5 degree Celsius. Using green hydrogen as fuel for steelmaking can cut emissions by up to 95%, according to H2 Green Steel, a Swedish low-carbon steel startup. Higher interest rates have made securing funding for big infrastructure projects more expensive, with fewer willing to put up the cash, according to Franc. Last week, $7 billion of subsidies dedicated to hydrogen projects in the U.S. were announced by the Energy Department. Faster permitting times are needed to bring more hydrogen projects online, as well as the renewable energy to power their electrolyzers, industry experts say.

Persons: BRIDGET BENNETT, ”, Pierre, Etienne Franc, ” Franc, Jason Cheng, Regulators haven’t, Margery Ryan, Johnson, Todd Anderson, Bram Smeets, Ole Rolser, you’ve, Ryan, “, Yusuf Khan Organizations: REUTERS, McKinsey, Business, Green, ”, Platinum Investment, Energy Department, Regulators, The Wall, International Energy Agency, U.S, Dakotas Locations: Las, Swedish, Franc, U.S, Woodbine , Ga, Midwest, Texas, West, Gulf Coasts

☆ Zelensky gets a NATO boost and rockstar's welcome in Vilnius
▼ + stars: | 2023-07-11 | by ( Christian Edwards | ) edition.cnn.com time to read: +6 min

But while Ukraine’s NATO allies reaffirmed their support for Kyiv’s bid for membership, they remained vague about the timing. “Ukraine’s future is in NATO,” the leaders of the alliance declared in the summit’s final communique. This will change Ukraine’s membership path from a two-step process to a one-step process,” NATO Secretary General Jens Stoltengberg told reporters on Tuesday. The process can be a burdensome and lengthy and its removal could significantly streamline Ukraine’s membership bid once it is formally invited to apply. It seems there is no readiness neither to invite Ukraine to NATO nor to make it a member of the Alliance,” Zelensky said.

Persons: Volodymyr Zelensky, –, Zelensky, ”, Jens Stoltengberg, Stoltenberg, ” Biden, Susan Walsh, “, Joe Biden, “ We’re, We’re, Ben Wallace, Wallace, General, Biden, ” Zelensky, Odd Anderson, Gitanas Nauseda, – Zelensky, Ukraine “, Lenin Organizations: CNN, NATO, AP NATO, United Nations, OSCE, CNN Sunday, Alliance, Getty, Lithuanian, Lukiskes, “ Locations: Vilnius, Ukraine, Russia, ” Ukraine, “, Crimea, Kyiv, NATO, Vilnius –, Lithuania, Soviet Union, Bakhmut, Russian, Ukrainian

☆ America’s Green Skills Gap Raises Concerns About Energy Transition
▼ + stars: | 2023-07-06 | by ( Dieter Holger | ) www.wsj.com time to read: +7 min

But recent data shows strong growth in demand for green skills exacerbating an already tight market where demand outstrips supply. The online professional network defines green skills as those that make economic activities more environmentally sustainable, such as carbon accounting, hydrogen engineering and battery manufacturing. It considers green jobs to be ones which include climate action objectives such as removing pollution and preserving natural resources. Likewise, more than 114,000 U.S. clean energy jobs were created in 2022, according to last week’s annual employment report from the U.S. Department of Energy. As of 2023, nearly 11% of U.S. transport workers, such as employees of carmakers, have green skills, according to LinkedIn.

Persons: ”, Sue Duke, Kenneth Gillingham, ” Gillingham, Tim Gruber, Gillingham, Sara Smiley Smith, Steven Cohen, Cohen, Todd Anderson, Rochelle Toplensky, Dieter Holger Organizations: U.S, LinkedIn, Wall Street, U.S . Department of Energy, Political Economy Research, University of Massachusetts Amherst, American Clean Power Association, Sustainable Business, Yale School of, Workers, Nobles, Environment, Yale, Columbia, Science, Sustainability Management, The Wall, dieter.holger Locations: U.S, Reading, Minn, Woodbine , Georgia

☆ What's next for BlackRock?
▼ + stars: | 2023-06-19 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

The biggest, and most obvious, change comes at the top, as BlackRock considers life without Larry Fink. The departure of Fink from BlackRock — a firm he's led since founding it with Robert Kapito in 1988 — is monumental in and of itself. But consider the state of affairs:Simply put, there's a lot going on these days at BlackRock. Insider's Rebecca Ungarino, our resident BlackRock expert, has a rundown of all the latest news at the massive money manager. More on everything that's happening at BlackRock as its CEO and cofounder considers his future.

Persons: Dan DeFrancesco, we've, Leonardo Munoz, don't, Larry Fink, Fink, Robert Kapito, Insider's Rebecca Ungarino, Todd Anderson, Christine McCarthy, Bob Iger, Iger, Gen, Jeffrey Cane, Hallam Bullock Organizations: Disney, Netflix, BlackRock, Getty, Barclays, Goldman, Mouse, Apple's, McKinsey, LinkedIn Locations: VIEWpress, BlackRock —, BlackRock, Hulu, London, New York

☆ Washington Bets on Green Hydrogen and Companies Line Up to Cash In
▼ + stars: | 2023-01-14 | by ( Amrith Ramkumar | Photographs Todd Anderson For The Wall Street Journal | ) www.wsj.com time to read: 1 min

KINGSLAND, Georgia— Andy Marsh tried for 14 years to make a profit running Plug Power Inc. Last summer he went to Washington and came away with a potential windfall. While senators battled over the climate, tax and spending bill, there was surprising agreement that hydrogen, Plug Power’s business, needed a big dose of support. “My biggest concern that I have right now is that we have not invested the money that we needed to invest in hydrogen,” West Virginia Sen. Joe Manchin said at a hearing in July when he was blocking the overall package.

Search resuls for: "Odd Anderson"

5 mentions found