Green hydrogen has become a main pillar in renewable energy strategies of governments worldwide, but it is still years away from becoming a mainstream fuel
, which is a clean but expensive and energy-intensive process. There are two huge challenges for hydrogen production: The first is getting the costs down to make it competitive with conventional transportation fuels. The second is mitigating the environmental impacts of the production processes.
When GH Power builds its scaled-up 25MW reactor, it will give the world an opportunity to produce significantly cleaner hydrogen for significantly lower costs. With a blend of 25% hydrogen and 75% natural gas, GH Power will burn 2,800 tonnes of Hydrogen/year and 1,091,391 MMBtu of natural gas per year. That’s a 25% reduction in carbon emissions compared to a turbine run on 100% natural gas. In other words, the scaled-up reactor saves the planet from 20,000 tons of carbon per year. GH Power intends to ramp up to 40% hydrogen content in the short- medium-term once the plant is operational, shaving even more carbon off the world’s footprint.
The near-zero-carbon 1MW demonstration reactor will start generating revenues for GH Power in the third quarter of this year already. Construction/reassembly started on January 12 and will wrap up on April 14. Annually, this first reactor is forecast produce 120 million tons of hydrogen, 1,800 million tons of alumina, while outputting 1MW of energy via exothermic heat.
Again, using only two inputs–aluminum and water–GH Power is setting out to change how we produce alumina. The green alumina it produces in its 1MW reactor, which is currently being prepped for commercial operations, leaves no carbon footprint. Direct competitors in alumina production, such as Alpha HPA, FYI Resources Limited and Altech Chemicals fall short on emissions, annual volume projections, production costs and estimated margins.
Approximately 50% of the energy from GH Power’s reactor can be turned into heat, steam or electricity. That will render the company a net power producer to the grid. Using only two inputs, zero hydrocarbons and only about 1% of the land required to produce solar energy, GH Power is gearing up to bring its first 1MW reactor online commercially. It’s a circular economic model that creates multiple revenue streams, with free cash flow expected in the third quarter of this year, and the company is looking at enhanced returns of 45% before tax credits and 70% after tax credits. That’s only the beginning.
Plug Power has been heavily involved in the hydrogen industry since its inception and has been a key player in driving down the cost of fuel cell technology. The company has partnered with major automakers like Renault and Mercedes-Benz to develop new hydrogen-powered vehicles. is another new name in the energy market, but it’s quickly becoming a global leader in providing clean energy solutions. And it’s doing it with solid oxide fuel cell technology .
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Plans announced for new shopping parade at new 1,700-home estateThe development will also include a primary school and children's play areas
Read more »
There's a New Revel Ranger in Town w/ New Rear Triangle, Hardware, UDH & More!With the introduction of SRAM Transmission, we're going to see a lot of frame updates like the new Revel Ranger v2!
Read more »
'Robot dog' among new gadgets unveiled for New York City policeNew York's mayor says the technology is a boost for the city but critics are not so sure - with some labelling it a 'knockoff RoboCop'.
Read more »
The FemTech Revolution: how technology is empowering Women's health and wellnessThe FemTech Revolution: how technology is empowering Women's health and wellness health womenshealth wellness femtech technology tech healthtech
Read more »
New Forest barbecue and animal feeding fines approvedNew Forest District Council says it expects the new restrictions to reduce anti-social behaviour.
Read more »