The hydrogen company Nel "has again failed to place large orders" and is lagging behind its competitors, according to DNB Markets. Recently, Jon André Løkke resigned as CEO and DNB says that it believes that changes in management create uncertainty, and with Nel suffering from increased competition, "from an industrial perspective, competitors continue to expand production capacity and have secured more orders than Nel," writes the brokerage, highlighting among others ITM, Cummins and Thyssenkrupp Nucera. The Nel share has fallen more than 60% since its peak in January last year.
According to the Finnish Communications Ministry, it is possible to achieve the national goal of halving greenhouse gas emissions from traffic and transport by 2030. In order to achieve the goal, it is necessary that the support and incentives in the roadmap for fossil-free transport are fully realized and that the emission reduction potential in various sectors is realized as expected. In addition, EU action and a higher distribution obligation for renewable fuels is needed.
Finland should give priority to helping develop an EU-wide emissions trading scheme that covers road transport rather than design its own domestic system, according to a cross-ministerial committee. Meanwhile, the Government has continued to prepare various measures, including emissions trading in road transport, in case other national measures and solutions at EU level together are not sufficient to meet the emissions reduction target.
Saltzgitter AG and Orsted have signed a MoU to form a strategic partnership spanning the supply of offshore wind power and the use of renewable hydrogen, the production of low-carbon steel and its use in the components for Orsted's offshore wind farms. There are also plans to recycle scrap from decommissioned wind turbines into the steel production process.
BEWI, a leading European supplier of packaging, components and insulation solutions, is investing SEK 1 million in a new recycling station in Stockholm. EPS, or expanded polystyrene, is a rigid thermoplastic foam material with closed cells, which is often used for its shock-absorbing and insulating properties. The material can be recycled over and over again in an energy efficient process, but its reusability depends on reliable collection and recycling chains.
Green Hydrogen Systems has received an order for two electrolysis plants from Scotland’s Logan Energy. GHD will supply the GHS Hyprovide A90 model, which has a total capacity of 0.9 MW, producing just under 400 kg of green hydrogen per day.. The project, in Devon is expected to be commissioned in the fourth quarter of 2022.
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.