GIC & Hy24 will invest $115 million to accelerate the deployment of InterContinental Energy’s portfolio of ammonia mega-projects. In the USA, Electric Hydrogen has closed a $380 million Series C funding round, accelerating plans to build a gigafactory in Massachusetts and deliver its first PEM electrolysers in 2024.
KBR will integrate SolydEra’s solid oxide electrolysis technology into its proprietary K-GreeN® ammonia synthesis process thanks to a new MoU. K-GreeN® is the technology of choice for several significant ammonia mega-projects, including Avina Clean Hydrogen (Texas), and ACME Group (Oman).
In a new policy brief, H2Global sets out the case for the use of blockchain in hydrogen certification. The use of a decentralised, digital, public ledger for key certification data could support the development of radically transparent and secure schemes, though H2Global acknowledges blockchain’s key limitations. To illustrate its potential, H2Global points to the success of two currently operating schemes based on blockchain: “GreenToken” and “Clean Energy Certification as a service” (CEC).
With international shipping activity to more than double by 2050, the IEA forecasts that ammonia’s share of final energy consumption in the industry will rise to 44% in 2050, with a suite of other low-carbon fuels to play smaller roles. Lloyd’s Register & OCI HyFuels have also forecast that ammonia (and particularly electrolytic ammonia) will become the most significant fuel in the maritime sector by 2050.
