California is ahead of the rest of the United States in many ways. The state is also leading the way when it comes to CO2 reduction and is promoting hydrogen projects, for example. In Richmond, California, Raven SR and Republic Services (NASDAQ: NASA) teamed up to produce up to 2,000 tons of green hydrogen from around 100 tons of organic waste annually.
Republic Services is a large American waste disposal companyCompanies and will deliver the waste. Raven SR, on the other hand, has developed a steam / CO2 reformation process to use the waste to produce hydrogen. Raven SR would like to build similar systems in as many other cities as possible in the future.
Southern California Gas and Hyzon Motors cooperate
Southern California Gas (SoCalGas) aims to operate its fleet 100% emission-free by 2035. It will Companies including hydrogen trucks from Hyzon Motors (WKN: A3CXT1). Both companies decided to work together at the Advanced Clean Transportation Expo, which took place in Long Beach, California.
As part of this, Hyzon Motors will supply SoCalGas with a class three hydrogen transporter until 2022. It is expected to have a peak power of 200 kW and a range of up to 483 km. Hyzon Motors has so far specialized in heavy trucks. Now the entry into the van sector could have been successful.
Linde would like to increasingly rely on clean hydrogen
Linde (NYSE: A2DSYC) is one of the world’s largest manufacturers of industrial gases. But so far, a lot of CO2 is still being released during production. In its Sustainable Report, Linde has now announced that it intends to invest more than one billion US dollars to reduce CO2 emissions. The production of clean hydrogen is to be tripled by 2028.
Linde will invest along its entire value chain, but emphasizes the continued need for gray and blue hydrogen. Linde relies on electrolysis with renewable energies and methane steam reformers with CO2 separation for production. The group wants to reduce its CO2 emissions by 35% compared to 2018 by 2028.
Powercell Sweden wins sales partner
Powercell Sweden (NASDAQ: ENGV) has won a new sales and service partner for Australia and New Zealand. Both companies have been working together since 2020. At that time, ENGV ordered a Powercell fuel cell for a stationary demonstration system in Denham.
Australia launched a hydrogen strategy in 2019 and initially provided US $ 300 million. Powercell Sweden would like to benefit from this. Diesel generators, which could be replaced by stationary fuel cells in the future, are often used, especially in remote areas.
Powercell Sweden increased its sales by 28% to 28.2 million Swedish kronor in the second quarter of 2021 and achieved a cash flow of 5.64 million Swedish kroner. In the entire first half of 2021, sales increased by 18.7% to 57.9 million Swedish kronor.
The item Hydrogen news from the Hyzon Motors share, Linde share and Powercell Sweden share first appeared on The Motley Fool Deutschland.
Christof Welzel has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned.
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