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Share Price: 48.32
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Change: 0.50 (1.05%)
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Open: 47.66
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Shell opens 10 MW hydrogen electrolyser at Wesseling site of German refinery

Fri, 02nd Jul 2021 14:00

FRANKFURT, July 2 (Reuters) - Royal Dutch Shell on
Friday launched Europe's biggest hydrogen electrolysis plant of
10 megawatts (MW) called Refhyne at the Wesseling site of its
Rheinland refinery after two years of construction, expanding
further into alternative energies.

The plant will produce green fuels within a European
Union-funded consortium which is already setting sights on a
facility of 100 MW at the site near Cologne to scale up its
commercial operations.

Hydrogen is considered "green" when it is produced from
renewable power from wind or solar through electrolysis whereas
"grey" hydrogen from fossil fuels is a feedstock in many
standard industry processes today.

Hydrogen has a high energy content by mass, but conversion
losses from electrolysis and high costs involved in readying it
for delivery pose challenges.

Under the EU Green Deal's climate targets, green quality
hydrogen is expected to play a role in energy, but also in
mobility, heat provision, and hard-to-decarbonise industries
such as steel or cement.

Shell also aims to produce sustainable aviation fuel from
renewable electricity and biomass at Wesseling as well as
developing a plant for liquefied renewable natural gas
(bio-LNG).

"Shell wants to become a leading supplier of green hydrogen
for industrial and transport customers in Germany," said Huibert
Vigeveno, Downstream Director at Shell.

The polymer electrolyte membrane (PEM) electrolyser will use
renewable power to produce up to 1,300 tonnes a year of green
hydrogen, initially to be used to produce fuels with lower
carbon intensity and later to decarbonise other industries.

The plant has cost around 20 million euros ($23.72 million)
of which half came from EU funds.

The consortium is made up of, apart from Shell, the
electrolyser producer ITM Power, research organisation
SINTEF and consultants Sphera and Element Energy.

"With the commissioning of the largest PEM electrolysis
plant in Europe, we are further expanding our leading role in
this field," said North Rhine Westphalia's state premier Armin
Laschet, referring to his region.

The industrial state accounts for 30% of Germany's grey
hydrogen usage.
($1 = 0.8431 euros)
(Reporting by Vera Eckert, editing by David Evans)

More News
6 Mar 2023 10:42

IN BRIEF: Getech appoints ITM Power CEO Cooley as chair of H2 Energy

Getech Group PLC - Leeds, England-based geoenergy company - Appoints Graham Cooley as chair of its Edinburgh-based hydrogen developer, H2 Green. Says he will assist the company in expanding and developing its portfolio of hydrogen and renewable energy projects.

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31 Jan 2023 11:20

ITM Power expects further annual loss on lower interim revenue

(Alliance News) - ITM Power PLC on Tuesday reported a fall in interim revenue and a widened loss due to"increased losses on inventory and customer contracts".

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31 Jan 2023 08:08

ITM Power sees 1H operating loss widen sharply, announces strategy changes

(Sharecast News) - ITM Power saw its operating losses bloat over the half as it continued to struggle in its transition from a research and development outfit and into a volume manufacturer at scale.

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31 Jan 2023 07:54

LONDON BRIEFING: Pets at Home raises guidance; IMF cuts UK GDP outlook

(Alliance News) - Stocks in London were set to open lower on Tuesday, following a forecast by the International Monetary Fund warning the UK economy will shrink this year, despite growth elsewhere.

Read more
24 Jan 2023 15:46

UK earnings, trading statements calendar - next 7 days

Wednesday 25 January 
CMC Markets PLCTrading Statement
Conduit Holdings LtdTrading Statement
easyJet PLCTrading Statement
Forterra PLCTrading Statement
Fresnillo PLCTrading Statement
Hargreaves Services PLCHalf Year Results
hVIVO PLCTrading Statement
JD Wetherspoon PLCTrading Statement
Keywords Studios PLCTrading Statement
Lords Group Trading PLCTrading Statement
Next Fifteen Communications Group PLCTrading Statement
Quilter PLCTrading Statement
Scancell Holdings PLCHalf Year Results
Tullow Oil PLCTrading Statement
Van Elle Holdings PLCHalf Year Results
Watkin Jones PLCFull Year Results
Thursday 26 January 
3i Group PLCTrading Statement
CVS Group PLCTrading Statement
Diageo PLCHalf Year Results
Eurocell PLCTrading Statement
Fevertree Drinks PLCTrading Statement
Foxtons Group PLCTrading Statement
Greencore Group PLCTrading Statement
Idox PLCFull Year Results
IG Group Holdings PLCHalf Year Results
Intermediate Capital Group PLCTrading Statement
Provident Financial PLCTrading Statement
Rank Group PLCHalf Year Results
Record PLCTrading Statement
Smart Metering Systems PLCTrading Statement
St James's Place PLCTrading Statement
Tate & Lyle PLCTrading Statement
TClarke PLCTrading Statement
Time Finance PLCHalf Year Results
Titon Holdings PLCFull Year Results
Wizz Air Holdings PLCQ3 Results
Friday 27 January 
Aberforth Smaller Companies Trust PLCFull Year Results
GCP Infrastructure Investments LtdTrading Statement
Industrials REIT LtdTrading Statement
Paragon Banking Group PLCTrading Statement
YouGov PLCTrading Statement
Monday 30 January 
Computacenter PLCTrading Statement
DP Eurasia NVTrading Statement
Porvair PLCFull Year Results
Ryanair Holdings PLCQ3 Results
Sthree PLCFull Year Results
Tuesday 31 January 
abrdn Private Equity Opportunities Trust PLCfull Year Results
Applied Graphene Materials PLCFull Year Results
Ecora Resources PLCTrading Statement
Ince Group PLCFull Year Results
ITM Power PLCHalf Year Results
NWF Group PLCHalf Year Results
Uru Metals LtdFull Year Results
Pets at Home Group PLCTrading Statement
Renewi PLCTrading Statement
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

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23 Jan 2023 09:41

LONDON BROKER RATINGS: Jefferies cuts Berkeley; HSBC cuts St James's

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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17 Jan 2023 12:11

RBC slashes target on ITM Power, says capacity expansion and commercial credibility key

(Sharecast News) - Analysts at RBC slashed their target price for shares of ITM Power, the energy storage and clean fuel company, from 500.0p to 260.0p.

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17 Jan 2023 09:36

LONDON BROKER RATINGS: Bernstein cuts Unilever to 'underperform'

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

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16 Jan 2023 17:06

FTSE 100 in sight of record high as financial stocks gain

Ocado rises ahead of results

*

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16 Jan 2023 11:09

ITM Power shares down as annual revenue expected to fall

(Alliance News) - ITM Power PLC on Monday said it has become clear that the outcome for the year ending April 30 will be "materially different" from current guidance, with lower revenue and a higher earnings before interest, taxation, depreciation and amortisation loss.

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16 Jan 2023 08:33

ITM Power warns FY results will be 'materialy different' to current guidance

(Sharecast News) - Energy storage firm ITM Power warned on Monday that its full-year results would now be "materially different" to current guidance, with both lower revenues and a larger underlying loss.

Read more
16 Jan 2023 07:50

LONDON BRIEFING: FTSE 100 seen flat; Just Eat and Sainsbury's partner

(Alliance News) - With US financial markets closed for a public holiday on Monday and after better-than-expected data for the UK economy on Friday, stocks in London were set to start the week slightly higher.

Read more
6 Jan 2023 07:19

Germany's HH2E buys hydrogen production capacity from Norway's Nel

BERLIN/FRANKFURT, Jan 6 (Reuters) - German energy firm HH2E will buy 120 megawatts worth of hydrogen production capacity from Norway's Nel ASA, it said, reflecting efforts to ramp up Germany's renewables capacity to compensate for Russian fuel imports and meet climate targets.

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1 Dec 2022 10:32

ITM Power CEO Cooley steps down, turns to Linde Engineering's Schulz

(Alliance News) - ITM Power PLC said on Thursday that its chief executive officer Graham Cooley resigned with immediate effect, though he is likely to remain as a consultant.

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1 Dec 2022 08:53

ITM Power delays trading update as CEO departs

(Sharecast News) - ITM Power announced the resignation of Graham Cooley as its chief executive officer on Thursday, with immediate effect.

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