Mitsubishi Power is working to make its gas turbines run on a 30:70 mix of hydrogen and natural gas as soon as 2025. This technology change is triggered by the EU Taxonomy for Sustainable Activities, requiring power generators to co-fire gas turbines with least 30% hydrogen from 2026, with the ratio rising to 50% by 2030.
March 29 – Infrastructure investor EIG, together with the Belgian gas company Fluxys, has bough an 80% stake in the Quintero LNG regas terminal in Chile. With 15 million cubic meters of daily regas capacity, the terminal will provide stable supply of natural gas as a bridging fuel to help Chile phase out aging coal power plants and shift to renewables. The country is aiming to become one of the world’s three largest green hydrogen producers with plans to install 200 GW of wind and solar power by 2040.
Japan is considering diverting additional LNG cargoes to Europe from April, government officials said after a meeting in Brussels. In March, Japan had already offered its surplus LNG cargoes to the EU to alleviate the bloc’s gas crisis after Russia lowered supplies. Shifting to green energy sources, both sides now want to cooperate on hydrogen.
March 24 – Gas turbines from Mitsubishi Power will be capable of generating electricity on a mix of 30% hydrogen and 70% natural gas by 2025, the Japanese manufacturer announced. In Europe, Mitsubishi is supporting Triton Power's H2H Saltend project in the UK which will be co-fired with a 10% hydrogen blend starting from 2026 at the earliest.
Responding to the UK Chancellor’s Spring Statement, Shell has announced plans to invest between £20 and £25 billion into the UK energy system over the next decade. Over 75% of this will be spent on low and zero-carbon products and services – notably offshore wind, hydrogen and electric mobility, said Shell UK country chair David Bunch.
The project pipeline for new electrolyser capacity in Europe has increased to over 6 GW – a staggering 375%, or 4.4 GW, rise of ventures meant to come online by the end of 2024. But only few projects will go ahead, Delta-EE warns, unless developers and project sponsors get more clarity this year on national subsidies schemes and funding support.
Steelmakers in Europe, China, Japan and South Korea strive to decarbonize by producing a larger share of steel with electric arc furnaces, using renewable hydrogen instead of coal. Analysts at the US Energy Information Administration (EIA) expect renewable-sourced hydrogen to reach cost parity with fossil fuel-based hydrogen in 2030.
The European Commission wants to wean Europe off Russian fossil fuels well before 2030. The proposed plan ‘REPowerEU’ seeks to gradually remove at least 155 bcm of natural gas – equivalent to the volume imported from Russia in 2021. Nearly two-thirds of that reduction is meant to be achieved before year-end.