Ignis scales back hydrogen and ammonia investments in Chile
Reportedly, Ignis planned to develop a 4.5GW wind power network in Chile’s Magallanes region, alongside 4GW of electrolysers for hydrogen and ammonia production using renewable energy.
Reportedly, Ignis planned to develop a 4.5GW wind power network in Chile’s Magallanes region, alongside 4GW of electrolysers for hydrogen and ammonia production using renewable energy.
The European Investment Bank, International Finance Corporation, IDB Invest and Green Climate Fund will offer the project a combination of guarantees and investment grants.
Atome must sign a binding offtake agreement and EPC contract and finalise lending agreements to secure the funds.
“Importing green iron from our trading partners and allies to supplement the feed to UK and EU electric arc furnaces is the most obvious opportunity that is simply not getting publicly discussed.”
Paired with today’s advances in predictive AI, digital twins can become both predictive and prescriptive.
“[Clean hydrogen] should first be deployed in those sectors in which it is needed as an indispensable feedstock,” the Future Cleantech Architects report argues.
The bankability of hydrogen projects hinges on a combination of financial support, robust risk mitigation strategies and alignment with market and policy trends.
Hintco said the supply-side hydrogen auction is organised into five lots – four regional and one global.
The paper says that smaller-scale and modular routes could become more common, as companies look to spread the cost of adoption – with the technology being easier to transport, construct and install than large-scale plants.
Was it clean hydrogen, or how Air Products went about it, that cost investor confidence?
