SSE Renewables has agreed with Siemens Gamesa Renewable Energy (SGRE) to acquire its existing European renewable energy development platform for consideration of €580 million.
The SGRE portfolio includes around 3.9 GW of onshore wind development projects – around half of which is located in Spain, with the remainder across France, Italy and Greece – with scope for up to 1GW of additional co-located solar development opportunities.
The transaction is likely to complete by the end of September 2022, subject to receipt of relevant foreign direct investment and regulatory approvals.
The platform will provide an excellent base for continued sourcing of development opportunities across the onshore and offshore wind, solar, batteries and hydrogen, all of which are core to SSE’s growth strategy.
Previously, SSE Renewables and Siemens Gamesa Renewable Energy agreed to produce and deliver green hydrogen through electrolysis, using clean power from wind. They planned to use renewable energy from its 100 MW plus Gordonbush onshore wind farm in the Scottish Highlands to produce green hydrogen.
Hexagon Purus receives an order to deliver high-performance hydrogen distribution systems
Through its wholly-owned subsidiary, Wystrach GmbH, Hexagon Purus has received a follow-on order worth around €1.5 million to deliver hydrogen distribution systems to a leading global industrial gas company. Delivery of the hydrogen systems is set for Q1 2023.
Wystrach’s hydrogen distribution systems with Hexagon Purus’ type 4 cylinders will be used to deliver hydrogen for industrial and mobility applications in the Netherlands. Hexagon sees the latest order as a testament to its technology and confirms its strong offering of high-pressure hydrogen distribution systems and positioning with global industrial gas companies.
NewHydrogen’s catalyst shows better performance than platinum in lab studies
NewHydrogen, Inc. has provided an update on the progress of its catalyst technology aimed to reduce the cost of producing green hydrogen. The latest results from NewHydrogen’s sponsored research at UCLA show significant progress toward making low-cost green hydrogen by replacing or drastically reducing the use of precious metals in electrolysers.
In the recent tests, single-atom catalysts for hydrogen evolution reactions (HER) that do not use platinum were directly compared to commercial platinum-based HER catalysts. Within the practical range of metal loading, the single-atom catalyst has consistently lower overpotential with higher mass activity. The catalyst was significantly more stable than a commercial platinum-based HER catalyst in the stability test.