17.11.2019, 1867 Zeichen

voestalpine: What is currently the world’s largest pilot plant for the CO2-neutral production of hydrogen has successfully commenced operation at the voestalpine site in Linz. As part of the EU-funded H2Future project, partners voestalpine, Verbund, Siemens, Austrian Power Grid, K1-MET and TNO are researching into the industrial production of green hydrogen as a means of replacing fossil fuels in steel production over the long term. Global climate goals aim to almost completely eliminate CO2 emissions by 2050. This poses challenges for industrial enterprises and energy suppliers, and demands new technological solutions in both sectors. In this context, CO2-neutral (“green”) hydrogen is regarded as the most promising future option for facilitating the energy transition. Now the world’s largest and most advanced electrolyser has commenced production of green hydrogen at the voestalpine premises in Linz. The new plant has a capacity of over 6 megawatts, and is currently regarded as the most effective and state-of-the-art facility of its type. It will be used to test whether the technology deployed to produce green hydrogen is suitable for use on an industrial scale. Furthermore, the project, which receives Euro 18 mn in EU funding, will investigate the potential to provide network services, and potentially compensate for fluctuations in the power grid. voestalpine CEO Herbert Eibensteiner comments: "We have set ourselves a clear goal of greater direct avoidance of CO2 emissions in steel manufacturing over the coming years. With the start of operations at the world’s largest hydrogen pilot plant at our site in Linz, we have succeeded in taking a significant step towards driving this technological transformation".
voestalpine: weekly performance: -3.93%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (11/11/2019)

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