Wood – will develop paddy projects in association with E24

This collaboration is formalized in a framework agreement between the companies, Paddy writes A message Friday.

Paddy supplies electrolyzers, which use electricity to separate hydrogen from water. The companies claim to be collaborating to develop and implement large and complex projects for green hydrogen in selected regions.

– We are pleased with this agreement with Wood, who has extensive experience from large and complex projects worldwide, says Paddy CEO John Andre Luke.

Wood works in more than 60 countries and has more than 40,000 employees.

Green, blue and gray hydrogen

Green hydrogen is produced using renewable electricity. It is even more expensive than ash hydrogen, which is produced by gas reform.

However, gray hydrogen produces large emissions, and many players prefer hydrogen without emissions.

Combined with the capture and storage of CO2, emissions can be reduced by moving to blue hydrogen produced from the gas. However, this will increase the price of hydrogen.

Equinox plans to produce blue hydrogen, elsewhere, in the United Kingdom, in conjunction with a hydrogen power plant. In February, Equinor collaborated with the French remnant on blue hydrogen in Belgium, the Netherlands and France.

Industrialists Norway Yara and Danish Arsted were previously Submitted projects About the use of green hydrogen in many projects.

Expect the green to be cheap

Bloomberg presented the new energy fund this week A statement Analysts estimated in 28 different markets that by 2030 green hydrogen will be cheaper than blue hydrogen.

The reason is that the cost of growing solar power is expected to fall further. Researchers hope this will make green hydrogen cheaper.

– By 2030, without space constraints on renewable energy, most countries will have fewer economic reasons to create facilities for “blue” hydrogen production, said Martin Tengler, hydrogen analyst at Bloomberg NEF. A message Earlier this week.

British Aurora Energy Research has explored what is needed if hydrogen is to gain a large place in the British energy system. They say both green and blue hydrogen may have space for a long time.

Read Nels’ message hereYara and strsted focus on green hydrogen in the Netherlands