News Commentary | December 12, 2019
The company's total funding now stands at $13.5 million after initially raising $3.5 million in October 2018. With the additional funding, it hopes to produce a prototype by Q3 2020, moved up from its original forecast of Q4 2021. While getting to the prototype stage is important, demonstrating ... Not part of subscription
News Commentary | January 20, 2021
H‑TEC is a developer of PEM electrolyzers, and MAN Energy previously acquired a 40% stake in the company back in 2019 –it has now raised its stake to 99%, effectively acquiring the company. With momentum ramping up in the hydrogen economy, such acquisitions will become more commonplace as large ... Not part of subscription
News Commentary | February 11, 2021
While Shell was one of the last European oil majors to announce a net‑zero target, the company's revised milestones are not surprising. Shell has made significant changes due to COVID, announcing plans to write off €20 billion of its oil and gas assets, and has consistently invested in chemicals, ... Not part of subscription
by Runeel Daliah
At a recent JP Morgan conference, Schlumberger's CEO announced that its New Energy business unit launched Genvia, in partnership with the French Alternative Energies and Atomic Energy Commission (CEA) and Vinci Construction, to commercialize a solid oxide water electrolyzer (SOEC) technology originally developed by CEA. SOEC is at the early stage, and the market is currently monopolized by Sunfire, which announced high-profile partnerships with Total and Neste – however, the potential of the hydrogen economy leaves plenty of room for new entrants. Water electrolysis is key for oil and gas companies to decarbonize their operations, and this new venture will allow Schlumberger to remain an important partner for its clients further downstream.
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