Green Hydrogen Market Emerging

Barron's: "Fossil fuel giant BP revealed Wednesday it was taking a 40.5 percent stake in an Australian energy project being billed as one of the world's largest renewable power stations.

"BP said it would operate the $36 billion Asian Renewable Energy Hub, an array of solar and wind facilities sprawled over 6,500 square kilometres (2,509 square miles) of Australia's sparsely populated west coast.

"The project is expected to have a generating capacity of 26 gigawatts, exceeding China's vast Three Gorges hydroelectric dam -- which is by some measures the world's largest existing power station.

"It would also produce 1.6 million tonnes of green hydrogen each year, with plans to export much of this to major Asia-Pacific markets such as Japan and South Korea."

About Contact