In January 2017, a group of 13 CEOs and executives gathered in Davos, Switzerland, to launch the Hydrogen Council, with an ambition to "position hydrogen among the key solutions for the energy transition." More than four years later, no one can argue that the initiative is anything but a resounding success. Whether you believe the frenzy is justified or overhyped, hydrogen is now top of mind for anyone with a stake in the global energy transition.
Using our news commentary feature, we have been tracking key developments in the hydrogen sector. These innovation-related events range from partnerships and investments to recent R&D and policies. Each news commentary includes information about the companies involved and our take on the development.
The news trend analysis is one of the main factors shaping the Lux Energy Team's hydrogen outlook for 2021 and beyond. In the below figure, we analyze the Q3 2021 activity in the hydrogen economy.
Here, in a series of six posts, we will take a look back at the "Truly Disruptive" and "Very Important" developments in the hydrogen economy over the past three months in addition to the most read and discussed innovation-related events. In this post, we focus on developments in storage and transport:
Hydrogenious raises €50 million to scale up LOHC technology. Jera Americas and Temasek are the lead investors in this funding round, which also includes Chevron Technology Ventures. Hydrogenious' LOHC technology is largely validated at demo scale, and the new funds will be crucial for the company as it sets up large-scale projects for international transport of hydrogen.
Chiyoda partners with Port of Rotterdam for hydrogen supply chain study. The company will study the feasibility of international transport of hydrogen with its toluene (LOHC). Chiyoda successfully completed the demonstration of its technology with the Japan-Brunei project, and this new partnership is an important step forward for the company.
ADNOC sells blue ammonia to Japanese companies. The company has signed blue ammonia sales agreements with Itochu, Idemitsu, and Inpex in Japan. The company did not disclose the size of the shipments but revealed that the blue ammonia was sold at a premium over grey ammonia.
Did you miss the last post in the series? Check out the hydrogen economy updates in mobility from Q3 2021 here. Stay tuned for the next post covering Q3 developments in policy and strategy.