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Green Hydrogen Shipping | ticker VIEWS
Global Energy Ventures (GEV) is leading the way for shipping solutions of green hydrogen
This week’s episode of tickerCLIMATE featured the CEO and managing director of Global Energy Ventures, Martin Carolan. GEV is leading the way for shipping green hydrogen.
Green hydrogen shipping
Global Energy Ventures is an energy transition company aimed at delivering compressed shipping solutions, for transporting energy to global markets. Their business model is to build, own and operate the production, storage, and shipping of green hydrogen.
Compression delivers a simple approach to transporting green hydrogen. GEV is a leader in the marine transport of hydrogen. Last year, they introduced the world’s first large-scale Compressed Hydrogen (C-H2) ship.
The C-H2 ship will have an electric drive propulsion system powered by fuel cells onboard. The ship will deliver a zero-emission marine transport solution. The company will have higher volumes in comparison to those offered by other compression technologies.
GEV has a strong reputation for developing compressed gas carriers, and this will benefit the engineering and design of the ship. The company is aiming for the first shipping fleet to be available by the mid-2020s.
“We’re creating a global market and supply chain for hydrogen. Let’s compress, store and put it on the ship and move it to the market as soon as we can.”
Martin Carolan, Global Energy Ventures
How much hydrogen can be transported?
Compression is the preferred solution for marine hydrogen transport. The density of compressed hydrogen is much lower than other alternatives, like ammonia. Global Energy Ventures transporting range will be between 2000-4000 nautical miles. They can transport a volume between 200,000-400,000 tonnes. GEV is demonstrating the simplicity and energy efficiency of green hydrogen shipping.
Likely transport routes
Global Energy Ventures is looking to the northern parts of Australia, where there is an abundance of renewable hydrogen to be developed and produced. A likely route for transport will be from the northwest of Australia to Singapore. South Korea, Japan, Morocco, and the Middle East region are also major key growth markets.
Europe is a leader in the commercialisation and implementation of hydrogen and is also a key focus area for GEV. They have teamed up with some impressive organisations, recently signing a partnership with a very large consulting group, Bailiff.
Safety when shipping hydrogen
Hydrogen is a gas and it is a delicate product to deal with. However, compression is used as the onshore storage and transport method and has been for many years. Global Energy Ventures operates at a pressure of 250 bar or 303,600 psi, and onshore applications are already using standards such as 300, to 700 bar.
Therefore, Global Energy Venture’s compression, storage, and transport of green hydrogen will have strict safety processes in place.
Other climate news this week:
In order to decarbonize shipping by 2050, it will cost $1.9 trillion worth of investment.
Ticker Climate co-host and energy expert, Scott Hamilton says there will be an enormous market for green fuels in global shipping.
“Companies like Yara, who are looking at green ammonia, that is one of the possible fuels that will be used to power shipping around the world in the future.”
Scott Hamilton
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