See below a wrap up of all the exciting advancements occurring in the hydrogen sector.
United H2 Limited (UHL) believes it is in a strong position to become a leader in the space through its strategy to build a diversified holding company with projects ranging across the whole sector from production through to end-use.
UHL appointed Andrew Robb AO, former Australian Minister for Trade, Investment, and Tourism, as a Non-Executive Director. Andrew’s extensive background in global trade and investment will be instrumental to UHL’s mission to expand its portfolio of renewable energy projects worldwide. In his role as Australia’s Minister for Trade, Andrew played a critical role in securing key Free Trade Agreements with major economies, including South Korea, Japan, and China, as well as leading the negotiations for the landmark Trans-Pacific Partnership (TPP).
UHL signed an agreement with GreenH2 LATAM which will focus on delivering hydrogen production and end-use technologies to the Latin America & European regions. United H2 Limited will receive 25% of GreenH2 LATAM as part of the agreement. The deal will give UHL access to 70 hectares of land to develop green hydrogen plants and waste-to-energy facilities. On this land, UHL is currently working with GreenH2 LATAM to develop a 15MW solar farm and a 5MW hydrogen production facility in Mexico, as well as further opportunities in Colombia.
KfW Development Bank has pledged €24 billion to bridge the gap between high investment costs and low initial revenues for network operators in Germany. The German national hydrogen strategy includes a 9,000 km hydrogen network by 2032, approved by the Federal Network Agency (Bundesnetzagentur). Initially, capped network fees will ensure affordability for users, but operators face substantial investment costs. KfW’s loan will finance an amortisation account to offset deficits, with surplus revenue repaying the loan once network fees exceed costs.
An innovative electrolyser design that uses steam to produce green hydrogen rather than water has completed its first successful road test in a real-world setting. The solid oxide electrolysis (tSOE) technology – a modular assembly of tubes about half a metre long – has been installed at BlueScope’s Port Kembla Steelworks in New South Wales where it has run without incident for over 1000 hours.
The world’s largest hydrogen fuel cell power plant will begin construction in South Korea in March 2025 at a total project cost of $552.8m, after receiving significant funding from the government. The 107.9MW Gyeongbuk Gyeongju Gangdong Hydrogen Fuel Cell Power Plant is due to begin operation in March 2028 at the Gangdong General Industrial Complex in the southeastern province of Gyeongsangbuk-do.
