Elsewhere, Lotte Chemical and Air Liquid Korea will establish a joint venture to build a hydrogen supply chain in South Korea and the US Department’s Loan Programs Office (LPO) offered a conditional commitment for a US$504.4M loan guarantee to the Advanced Clean Energy Storage Project in Utah, which combines alkaline electrolysis with salt cavern storage for grid scale energy conversion and storage using hydrogen as the energy carrier. April 29, 2022 Sergio MatalucciNew research from the Institute for Energy Technology (IFE) in Norway has shown that a significant reduction in capex for hydrogen projects can be achieved by deploying high-pressure proton exchange membrane-based water electrolysis (PEMEL) systems, which eliminate the need for removing mechanical compressors. “With a PEMEL system cost of €900 ($947.5) kW−1 and a compressor cost of €3800 kW−1, high-pressure…
