Danish renewable energy company Orsted lost a quarter of its market value Wednesday August 30, after warning of hefty impairments related to three wind projects off the east coast of the U.S., adding further pressure to an industry hit by surging costs and supply delays. Will the wind continue to blow the wrong way for wind energy companies?
Locally produced renewable hydrogen will be cheaper than that shipped in from overseas up to 2030, while it may also be cost-competitive with imports piped in from North Africa and European neighbours. However, scenarios that predict a higher overall demand for hydrogen also involve a greater dependency on imports.
The government of the Netherlands plans to host an auction to import green hydrogen or its derivatives at the end of this year or early 2024, backed by €300m ($329m) of subsidies. The tender would be held through Germany’s existing H2Global auction platform, which acts as a middleman between producers and buyers.
Electrolysers powered by nuclear generation capacity could deliver hydrogen — known as pink hydrogen — more cheaply in the United States than green hydrogen facilities hooked up to renewable energy, according to new analysis from French bank Lazard. How energy efficiencies and tax credits stimulate pink hydrogen production in the United States.
Maersk and IBM have announced they will discontinue their work on their TradeLens blockchain platform. The platform, under development since 2018, will go offline by the end of Q1 next year. But why did TradeLens lose the battle in the container shipping industry?
America’s most prolific marketplace is continuing its push to monopolize its sellers’ entire supply chains. Amazon this week announced a new service that will grant sellers access to its massive warehousing and distribution network. Amazon Warehousing and Distribution (AWD) makes the promise of supply chain as a service a reality and is Read more…
MVAventures’ “BrazilgoingEurope’ is proud to announce that a true Dutch celebrity in the world of high quality spirits: Jan Beek, has decided to include @DomTappro Premium cachaça, 6 years aged in Amburana casks, in his Beek Premium Spirits collection. Cachaça Dom Tapparo Cachaça, a distilled spirit made from fermented sugarcane juice, has Read more…
Container lines are using pandemic windfalls to fashion themselves into logistics giants. But their empire building risks a backlash. When French container-shipping giant CMA CGM Group announced a cargo partnership with Air France-KLM last week, the real surprise was its plan to acquire only 9% of the airline. Having made Read more…
Shipping congestion at Chinese ports, combined with Russia’s war in Ukraine, risks a one-two punch that threatens to derail the recovery, already buffeted by inflation pressures and headwinds to growth. Is globalisation going back to square one?
The pandemic has been hugely challenging and disruptive to the business world, but it seems that at least one function has been left smiling: procurement, according to a new UK survey.