One sentence summary – Hydrogen exploration and investment are experiencing significant developments globally, with the Commonwealth Scientific and Industrial Research Organisation (CSIRO) identifying hydrogen seeps in South Australia, H2EX planning an extensive subsurface mapping project, and China leading the way in hydrogen investments, among other notable projects in the United States and Germany.
At a glance
- CSIRO has identified hydrogen seeps within PEL 691 in South Australia
- H2EX plans to conduct a subsurface mapping project to identify commercially viable accumulations of natural hydrogen
- H2EX has enlisted the assistance of Space Technologies’ passive seismic sensors for the survey
- Low-emission hydrogen currently represents less than 1% of global production and usage
- China is leading the way in hydrogen investments, with plans to triple electrolyzer capacity and establish a new factory in California
The details
Hydrogen exploration and investment are experiencing significant developments globally.
The Commonwealth Scientific and Industrial Research Organisation (CSIRO) has identified hydrogen seeps within PEL 691.
PEL 691 is an exploration permit in South Australia awarded to H2EX.
H2EX plans to conduct an extensive subsurface mapping project.
The goal is to identify commercially viable accumulations of natural hydrogen.
To facilitate this survey, H2EX has enlisted the assistance of Space Technologies’ passive seismic sensors.
The survey is scheduled to take place in the fourth quarter.
The aim is to unveil potential hydrogen reserves.
Low-emission hydrogen production and usage
According to the International Energy Agency (IEA), low-emission hydrogen currently represents less than 1% of global production and usage.
This relatively low capacity and volume can be attributed to developers awaiting government support due to rising costs.
However, the IEA’s latest report highlights the potential profitability of hydrogen projects despite these expenses.
China’s leadership in hydrogen investments
China is leading the way in hydrogen investments.
China plans to triple electrolyzer capacity to 2GW by the end of 2023.
Meanwhile, Verdagy is establishing a new factory in Newark, California.
This factory is dedicated to manufacturing advanced water electrolyzers.
The factory’s goal is to achieve the US Department of Energy’s target of $2/kg of levelized cost of hydrogen by 2026.
The Hamburg Green Hydrogen Hub (HGHH)
Another notable project is the Hamburg Green Hydrogen Hub (HGHH).
Luxcara has joined HGHH in partnership with Hamburger Energiewerke.
The consortium’s plan includes the construction of a 100 MW electrolyzer.
This electrolyzer will be powered by renewable energy sources.
Production at this facility is expected to commence in 2026.
These advancements show that hydrogen exploration and investment are gaining momentum globally.
The identification of hydrogen seeps in PEL 691 by CSIRO underscores the significant potential of this clean energy source.
Developments in China, the United States, and Germany also highlight this potential.
The provided information is based on multiple sources.
This ensures a comprehensive overview of the current state of hydrogen exploration and investment.
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Here are all the sources used to create this article:
A rocket soaring high in the sky, symbolizing the global momentum of hydrogen exploration and investment developments.
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| pv-magazine.com |
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| – CSIRO has identified hydrogen seeps in PEL 691, an exploration permit awarded to H2EX in South Australia. |
| – H2EX plans to map the subsurface to identify commercial accumulations of natural hydrogen. – H2EX will use Space Technologies’ passive seismic sensors for the survey in the fourth quarter. – |
| The International Energy Agency (IEA) states that low-emission hydrogen represents less than 1% of global production and use. – Low capacity and volumes of hydrogen are due to developers awaiting government support amid rising costs. – |
| The IEA’s latest report warns of rising expenses threatening project profitability. |
| – China leads in hydrogen investments, with electrolyzer capacity set to triple to 2GW by the end of 2023. – Verdagy is opening a new factory in Newark, California to manufacture advanced water electrolyzers. – |
| The factory aims to achieve the US Department of Energy’s goal of $2/kg of levelized cost of hydrogen by 2026. – Luxcara is joining the Hamburg Green Hydrogen Hub (HGHH) project in partnership with Hamburger Energiewerke. – |
| The project includes plans for a 100 MW electrolyzer powered by renewable energy sources. |
| – Production is targeted to commence in 2026. – |
| The consortium has submitted a funding application to the German government for review. |
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