23 November 2022
ABB launches green hydrogen energy management system
ABB has introduced its energy management system ABB Ability™ OPTIMAX® to the green hydrogen market, supporting the reduction of production costs by optimising energy consumption throughout the plant in real time. Operators can use OPTIMAX® to plan ahead so that they can trade competitively on the grid and develop cyclic energy systems in the electricity market based on forecasts of demand from available renewable energy sources, taking into account price factors. This will help hydrogen companies to reduce electricity costs by up to 20% and improve the efficiency of energy-intensive electrolysis plants used to produce green hydrogen. The solution can also be used to optimise the integration of green hydrogen with existing hydrogen networks and any infrastructure that may be developed in the future.
Carbon finance firm partners with Danish Red Cross for Southeast Asian blue carbon projects
Base Carbon Inc has signed a letter of intent with the Danish Red Cross to look into developing mangrove-related blue carbon projects in Southeast Asia. The Danish Red Cross are recognized innovators in designing investment and underwriting structures related to the commercialization of carbon, climate and social benefit projects. Blue carbon refers to the carbon captured by ocean and coastal habitats such as seagrass meadows, whale habitats and mangroves, which act as robust sinks by sequestering and storing large amounts of carbon in both the plants and sediments below.
Norwegian Crown Price and Swedish Crown Princess visit Kenya
Their Royal Highnesses Crown Prince Haakon of Norway and Crown Prince Victoria of Sweden today began a three-day visit to Kenya, where they visited a waste treatment facility outside Nairobi dedicated to tackling local plastic pollution. They also met with the founders behind a UNDP-supported app that serves as both a waste management tool and a source of information on recycling and waste management. They also spoke to waste pickers who make a living by collecting, sorting and recycling plastic waste that would otherwise end up in nature. They are part of the informal sector that has emerged in the absence of a public system for waste management and play an important role in the fight against plastic pollution.
Metsähallitus plans to build a wind farm in Sievi
The municipality of Sievi has approved a wind farm for Finnish company Metsähallitus. The planned wind farm will be located in the southern part of the municipality, next to the Vääräjoki river, and will initially contain 25-50 wind turbines. Part of the master plan for the wind farm will probably be approved in 2025, after which a building permit will be applied for the wind farm. Construction of the wind farm could start in 2026-2027, with operations expected to begin in 2028-2030. Metsähallitus will not build the wind farm itself, but will sell the right to build the project to a wind operator, which will be decided later. Metsähallitus remains the landowner and lessor of the area.
What we're reading
- Explainer: Europe's much-debated plan to cap gas prices (Reuters)
- EU’s proposed cap on gas prices labelled ‘a joke non-cap’ (Financial Times)
- Saudi Arabia’s green agenda: renewables at home, oil abroad (Financial Times)
- The market can deliver the green transition — just not fast enough (Financial Times)
About Nordic Green News
The Nordic countries are some of the most dynamic and successful economies in the world. They are also leaders in sustainability, from renewable energy, biofuels, carbon capture and storage and the hydrogen economy, circular economy business models and battery development, the Nordics are pioneers in policy design, technology development and consumer uptake. Mundus Nordic Green News is covering this transition for the international community. Every day we curate the stories of most relevance to international businesspeople and policy experts from the flow of news. Mundus Nordic Green Indices summarise the meta-data from our daily coverage to enable easy tracking of trends. We supplement these with our own opinion pieces and commentary.
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