(IN BRIEF) voestalpine and VERBUND are expanding the H2FUTURE PEM electrolysis pilot in Linz, adding €16.4 million in compression, purification, and storage infrastructure—five new tanks and associated loading systems—to their 6 MW, 12-stack electrolyzer that has been producing 1 200 … Read the full press release
Posted in Austria, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged compression, electric arc furnace, energy transition, European hydrogen pilot, GREEN HYDROGEN, greentec steel, grid stability, H2FUTURE, Herbert Eibensteiner, Linz, Michael Strugl, net-zero CO₂, PEM electrolysis, purification, renewable energy, storage tanks, VERBUND, voestalpine
(IN BRIEF) voestalpine and VERBUND are expanding the H2FUTURE PEM electrolysis pilot plant in Linz with a new compression and purification unit and five hydrogen storage tanks, at a cost of €16.4 million. The follow-up project continues their research into … Read the full press release
Posted in Austria, Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, Metals and Minerals, News, Technology
Tagged compression, electric arc furnace, GREEN HYDROGEN, greentec steel, grid-frequency balancing, H2FUTURE, H2FUTURE Follow-Up, Herbert Eibensteiner, industrial research collaboration, Linz Austria, Michael Strugl, net-zero CO₂ emissions by 2050, partnership, PEM electrolysis, project timeline, purification, renewable energy, storage tanks, sustainability, VERBUND AG, Vienna Stock Exchange, voestalpine AG
(IN BRIEF) voestalpine AG has urged the Austrian federal government to ensure fair competition for Austria’s energy-intensive industries by continuing to use electricity price compensation, a measure already utilized by many EU countries. The company emphasizes that this compensation is … Read the full press release
Posted in Austria, Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Investment, Management, Metals and Minerals, News, Technology
Tagged Austria, climate protection, competitiveness, CO₂ penalty taxes, electric arc furnaces, electricity price compensation, energy costs, EU, greentec steel, industry, investment, partnership, subsidies, sustainabulity, voestalpine
(IN BRIEF) voestalpine, a steel and technology company, reported its financial performance for the first half of the 2023/24 fiscal year. The company faced economic challenges with declining revenue and earnings due to a changing economic landscape. While some sectors … Read the full press release
(IN BRIEF) Austrian steel company, voestalpine, is set to invest around 1.5 billion euros to construct one electric arc furnace at each of its two sites in Linz and Donawitz. The furnaces are part of the company’s “greentec steel” plan … Read the full press release
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