Bill Gates becomes first to buy a £500m hydrogen-powered super yacht. Microsoft co-founder commissions eco vessel expected to go to sea in 2024 in latest sign of his interest in alternative fuels. The software tycoon Bill Gates has commissioned the world’s first hydrogen-powered superyacht, in a £500m signal of his belief that investment in new clean technology is the best way to cut carbon emissions.
Telegraph 8th Feb 2020 read more »
A small clean energy company based in Yorkshire could be a big beneficiary of government plans to cut carbon emissions quickly. Last week Boris Johnson vowed to ban sales of petrol, diesel and even hybrid new cars by the end of 2035, five years earlier than expected. This underlined the UK’s official aim of achieving net zero greenhouse gas emissions by 2050. But cutting down on the number of cars powered by fossil fuels will do nothing to reduce the emissions caused by heating homes and commercial premises, which together account for about a third of all the carbon dioxide released by this country. That’s where a rapidly-growing company listed on AIM, the junior market, could help. Last month, ITM Power set up what it claims is the world’s biggest carbon-free renewable hydrogen production facility. Hydrogen burns without releasing any carbon dioxide at all, but producing the gas can result in emissions. However, ITM creates “green hydrogen” by passing electricity, produced by solar or wind power, through tap water to split out its constituent molecules of hydrogen and oxygen via a special membrane. If that sounds like science fiction, then consider the fact that ITM is already supplying green hydrogen this way to Britain’s biggest natural gas distributor, Cadent, and a regional supplier, Northern Gas Networks, in a trial backed by the UK energy regulator Ofgem.
Times 9th Feb 2020 read more »