Episoder
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The EAH team sits down with power pioneer Marco Dell’Aquila, Patient Zero of the hydrogen bug. Under his tutelage, Andrew Leedom, Patrick Molloy and Chris Jackson were motivated to launch their successful and rewarding careers in hydrogen. Alicia Eastman has also found inspiration and an excellent lunch time raconteur.
About Marco Dell’Aquila:
Marco is an investor, adviser, developer, author and professor with nearly 35 years experience in the energy sector. He is currently the Chief Investment Officer at Protium and he co-founded and chairs Power Capital. Marco is also a Senior Adjunct Professor of Energy, Resources and Environment at the Johns Hopkins University, School of Advanced International Studies and the co-founder of Inspiratia.
He co-founded Infrastructure Journal (now IJ Global) in 1997. In the 1990s, he was an Executive Director of General Electric Capital’s projects group based in London, developing and investing in energy projects in the EMEA region.
Professor Dell'Aquila has taught at SAIS since 2011 and is a member of the SAIS Europe Advisory Council. As Chairman of inspiratia and previously IJGlobal, Dell’Aquila has spent 25 years as an author and commentator on the evolution of energy and infrastructure markets, as well as regulation and emerging technologies to combat climate change. He has also advised on numerous energy transactions around the world spanning virtually all forms of cleantech and renewables.
Marco has a BSc (Tech) in Civil and Structural Engineering from the University of Manchester and an MA in International Relations and Economics from SAIS.
About Power Capital
Power Capital is a financial advisory firm which has won mandates of corpus €13 billion since 1997.
About Inspiratia
UK based Energy and Infrastructure data & analysis provider.
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Links
Protium: https://protium.green/team/
Inspiratia: https://inspiratia.com/
SAIS: https://sais.jhu.edu/
Power Capital: https://www.powercapital.ie/
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EAH spoke with Miguel, after a little over a year in the CEO post, to understand where the group is heading. He describes his plans for the Company and in particular, the DeCarbon Technologies Group, which is working with many important partners to accelerate emissions elimination innovation.
About Miguel López Borrego:
Miguel began his professional career in 1987 as a controller at VDO AG. He was subsequently CFO of VDO Instrumentos in Spain and the worldwide VDO Instrument Division. Within the Siemens Group, López was CFO of various business units of Siemens AG from 2001 – including the Industry Automation Division from 2008, the Digital Factory Division from 2014 and Siemens Gamesa Renewable Energy from 2017. In the years from 2018 to 2022, he was President & CEO of Siemens in Spain. During this period, he also performed the role of Non-executive Chairman of the Board of Directors at Siemens Gamesa. From 2022 to May 2023, he held the position of Chairman of the Board of NORMA, an automotive and industrial supplier. Since June 2023 he has been CEO of thyssenkrupp AG.
Miguel studied business administration at the Mannheim University of Cooperative Education. López also completed a global MBA program at the universities of Toronto (Canada), Erftstadt (Germany), Linz (Austria) and Shanghai (China).
About thyssenkrupp:
thyssenkrupp is an international industrial and technology company employing ~100,000 people. Across 48 countries it generated sales of €38 billion in fiscal 2022/2023. Since October 1, 2023, the business activities have been bundled into five segments: Automotive Technology, Decarbon Technologies, Materials Services, Steel Europe and Marine Systems. Backed by extensive technological know-how, the businesses develop cost-effective and resource-friendly solutions to the challenges of the future. Around 4,000 employees work in research and development at 75 locations all over the world, mainly in the fields of climate protection, the energy transition, digital transformation in the industry and mobility of the future. thyssenkrupp currently has a portfolio of approximately 14,630 patents and utility models. Under the thyssenkrupp umbrella brand the company creates long-term value with innovative products, technologies and services and contributes to a better life for future generations.
To this end, the company pursues ambitious climate protection targets and optimizes its own energy and climate efficiency. At the same time, it uses its diverse abilities along the relevant value chains to play a significant role in driving forward its customers’ green transformation. thyssenkrupp is listed in the MDAX index. thyssenkrupp shares are traded on Frankfurt Stock Exchange (symbol: TKA) and as American depositary receipts (symbol: TKAMY) in the USA.
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Links:
thyssenkrupp:
https:/www.thyssenkrupp.com/en/home
thyssenkrupp DeCarbon Technologies:
https://www.thyssenkrupp.com/en/company/corporate-structure/decarbon-technologies
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The team sits down with Gene Gebolys CEO and founder of World Energy to discuss his and World Energy's journey to producing sustainable fuels and their plans in the hydrogen space.
About Gene Gebolys:
Gene Gebolys is the founder and CEO of World Energy. For over 25 years, World Energy has been at the forefront of commercializing renewable fuels and was the world’s first commercial-scale sustainable aviation fuel producer.
Today, World Energy is investing over $15 billion into major new projects in California, Texas, and Newfoundland to help leaders accelerate their efforts to make net-zero real. Gene launched World Energy to accelerate the commercialization of alternatives to fossil-based motor fuels and has played a leading role in building today’s global biofuels industry. Under Gene’s leadership, World Energy is currently undergoing a $2.5 billion dollar conversion project at its Los Angeles facility that will convert the facility into a 100% renewable production hub. The Los Angeles project is the model for World Energy’s Houston facility conversion, currently underway. Once complete, the LA and Houston facilities will allow World Energy to produce a total of 500 million gallons of SAF by 2026.
World Energy:
World Energy is a low-carbon solutions provider focused on helping the world's leading companies make their net-zero commitments real. Our solutions Include sustainable aviation fuel, renewable diesel, and renewable naphtha, with plans to create renewable propane and green hydrogen.
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Links:
Announcement of World Energy’s SAF certificate insets deal with BCG (5/7/24) https://www.worldenergy.net/bcg
The Sustainable Aviation Buyers Alliance (SABA) announcement from April aggregating 20 corporate buyers for a $200 million investment in the SAF industry via SAFc.
More about World Energy: https://www.worldenergy.net/
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The team sits down with Rishi Jain to discuss Cross River’s marquee wind, hydro, nuclear, hydrogen, ammonia project in the revitalized heavy industrial Port of Belledune, New Brunswick, Canada.
About Rishi Jain:
Rishi is a Partner and Managing Director at Cross River Infrastructure Partners. He leads the hydrogen and nuclear business development activities of the firm and is responsible for all aspects of project origination. Rishi also manages commercial processes, stakeholder relations, is closely involved with financial structuring of projects, and is the lead for strategic partner relationships.
Prior to joining Cross River, Rishi was a special situations and macro analyst at Great Oaks Capital Management, focused on energy, natural resources, and industry. Rishi also originated and managed the firm’s earlier stage investments in new industrial clean-tech and clean-resource companies.
Rishi is a graduate of the Wharton School at the University of Pennsylvania and also completed the Chartered Financial Analyst program.
About Cross River Infrastructure Partners:
Cross River is an early-stage developer of clean energy infrastructure including clean fuels production such as clean industrial-scale hydrogen and ammonia production via water electrolysis, as well as nuclear and renewable power generation. Within nuclear, Cross River is focused on development of advanced nuclear projects, deploying generation IV SMRs for industrial CHP and hydrogen, as well as medical and industrial radioisotope production. The group also develops wind, solar and storage solutions primarily for upstream green hydrogen and green industrial production.
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Links:
https://crossriverip.com/
https://www.portbelledune.ca/green-energy-hub/green-hydrogen-project
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Co-hosts Chris Jackson and Alicia Eastman had the pleasure to interview Bart White of Santander Corporate and Investment Banking (SCIB). The discussion was mostly regarding optimizing different bespoke tools to accelerate the energy transition with some case examples provided by Bart. After the interview, Patrick Molloy stepped in to unpack and discuss some of the wide-ranging topics with the same rigor we have come to expect.
About Bart White:
Bart runs the SCIB Energy financing activities across EMEA and parts of Latin America. The team is primarily focused on financing and advisory for Renewables where Santander has ranked #1 in 2022, 2023 and 2024 YTD Europe). They are also involved in Hydrogen, CCS, BESS, Biogas, and other tangential subsectors such as EfW and Smart Meters.
Previously, Bart ran the Santander UK and Nordics structured finance business, and before that he led the Santander European structured finance advisory practise. Bart has also worked at UBS leading their EMEA Utilities and Infrastructure Finance business, as well as RBS. Bart holds an MA in Physics from the University of Oxford.
About SCIB:
In 2023, Santander CIB was named global leader in export finance for the second year running and ended the year In 2023 as the world's leader in export finance, with transactions amounting to US$13.2 billion and a market share of 12.1%.
The bank’s global scale and local knowledge of the sectors and markets where its clients operate has ensured Santander’s position on top of the ranking published by Dealogic, one of the most widely used tools for analysing the performance, trends, activity and market share of financial institutions.
With this positioning, the Group demonstrates its ability to meet client needs globally in a tough landscape. Santander CIB reached the first position in Europe and is among the top 10 in Latin America, the Middle East and Africa.
Credit insurance from ECAs and other multilateral institutions is one of the main means of financial support for international expansion. It helps companies obtain financing through specialised products with competitive terms and conditions that are tailored to their needs and mitigate the risks that their cross-border activities can pose.
In recent years, Santander CIB has been developing its Export & Agency Finance (EAF) business, with the spotlight on import and export clients. It has contributed to the design of innovative products hand in hand with ECAs, combining global and local origination and structuring capabilities that underpin the franchise's success.
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Links:
www.santandercib.com
https://www.santandercib.com/press-room/santander-cib-named-global-leader-export-finance-second-year-running
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Co-hosts Patrick Molloy, Chris Jackson, and Alicia Eastman speak with Alfa Laval’s Tue Johannessen about the company’s role in the energy transition, and more specifically about involvement in hard-to-abate sectors where hydrogen is a key building block, as well as how a new Business Unit for Electrolyzer & Fuel Cell Technologies will help bend the cost curve for green hydrogen.
About Tue Johannessen:
Tue has a long track record in chemical engineering, CleanTech, sustainability, innovation, and business development.
He earned his PhD from the Technical University of Denmark (DTU) in 1998 and spent some time in academic and entrepreneurial roles. Research in ammonia storage led to co-founding a CleanTech start-up in 2006 as CTO - operating in the automotive emissions control sector. His work with ammonia continued at Maersk as the R&D lead which would become the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping. He led the modeling efforts including all relevant fuel pathways and vessel technologies built into a comprehensive techno-economic tool, NavigaTE, allowing for analyzing and building maritime transition strategies.
In 2022, he joined the Alfa Laval Energy Division in a business development role focused on Fuel Cells & P2X. Since January 2024, he is now VP in the newly established Business Unit for Electrolyzer & Fuel Cell Technologies heading Strategy and Partnerships.
Fun fact: Tue is an inventor and in addition to other patents and IP, he and colleagues from DTU were awarded EPO’s European Inventor Award in 2016.
About Alfa Laval:
The Company was founded 140 years ago, with customers in over 100 countries, employing more than 21,300 people. Annual sales in 2023 were SEK 63.6 billion (~5.5 billion Euros). The company is listed on Nasdaq Stockholm.
Alfa Laval is dedicated to helping billions of people to get the energy, food, and clean water they need, while eliminating emissions in the marine fleet, the backbone of global trade.
The company is committed to optimizing processes, creating responsible growth, and driving progress to support customers in achieving their business goals and sustainability targets.
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Links:
www.alfalaval.com
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Patrick Malloy, Alicia Eastman, and Chris Jackson speak with Topsoe CEO Roeland Baan about new technologies and new projects, leveraging his expansive background and the assets of an 84 year old science and innovation institution, to tackle climate change.
About Roeland Baan:
Roeland joined Topsoe as President and CEO in 2020 with a clear focus on establishing the company as a leader in technologies and solutions for the energy transition. He is heading the company’s nearly 3,000 employees across a dozen countries to rewrite the future of fuels production.
Roeland engages in dialogues and forums with other key opinion leaders to identify and deploy solutions that enable the global energy transition. He often shares his perspectives on matters ranging from decarbonization of energy-intensive industries to electrolyzer capacity, new technologies that support carbon emission reductions, and the challenges and regulatory frameworks needed to achieve a fair and inclusive green energy transition.
Roeland has more than 40 years of experience developing businesses, supporting customer relationships, driving growth, building cohesive organizations and amassing deep operational and strategic knowledge across the energy, fuel and steel industries. Prior to joining Topsoe, he was President and CEO of Outokumpu, a producer of stainless steel, and before that CEO of rolled and extruded products at aluminum manufacturer Aleris. Roeland also held leadership positions at Arcelor Mittal, SHV NV and Shell.
He serves as Chairman of SBM Offshore NV and is member of the Syensqo Board of Directors and the Hydrogen Council Board.
Roeland earned an M.S. in economics from Vrije Universiteit, Amsterdam.
About Topsoe:
Topsoe is a leading global provider of technology and solutions for the energy transition. They combat climate change by helping customers and partners achieve their decarbonization and emission reduction goals.
Based on decades of scientific research and innovation, they offer world leading solutions for transforming renewable resources into fuels and chemicals for a sustainable world, and for efficient and low-carbon fuel production as well as clean air.
Haldor Topsoe founded the company in 1940 and with headquarters in Denmark, Topsoe has nearly 3,000 employees serving customers all around the globe.
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Links:
Topsoe
https://www.topsoe.com/
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This week’s episode is a discussion between EAH hosts Patrick Molloy, Alicia Eastman, and Chris Jackson. The team cover the current status of hydrogen regulation, innovation, financing, markets, and consolidation. Hanging over most conversations in the decarbonization or future fuels space, is the perpetual question: When will investors actually step up with significant capital to help companies make it through the development desert, instead of letting promising companies languish in the double dunes of despair? There has been a lot of talk, but not a lot of action. Listen to the team unpack recent developments and hopes for the future.
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This week, the EAH team speaks with Jan Haizmann, one of the founders of the Zero Emissions Traders Alliance (ZETA) and an energy trading veteran expanding the enabling market tools and structures in Europe to the MENA region in order to facilitate exchange with the global market for net zero energy carriers like hydrogen and derivatives.
About Jan Haizmann:
Jan Haizmann is a qualified lawyer who has spent most of his career focused on building energy markets. In parallel, he established a boutique consulting group, Correggio NET, now based in Dubai. The European Commission has used Jan’s services since 2010 to help build new energy market structures.
Jan and Paul Van Son, the Chairman of Dii Desert Energy and ZETA, originally met in 1999 when Paul was the CEO of a Dutch utility. Together, they set out to build an energy wholesale market in Europe. They channeled this through the European Federation of Energy Traders (EFET). They built the association from scratch reaching 150 companies from 25 countries and became a key partner for the European Commission. Paul was the chairman of EFET until 2012, and Jan was one of the four key staff in the venture, as well as Board member for 15 years.
Jan left EFET last year to set up the Dutch not-for profit foundation - Zero Emissions Traders Association (ZETA) with Dii Desert Energy including Paul and CEO Cornelius Matthes as well as Frank Wouters who leads MENA Hydrogen Alliance. Recognizing the market potential for sustainable energy in the GCC and more general MENA region, the group believes that the climate transition must be accelerated through market tools, in order to give proper credit for reduction and elimination of Greenhouse Gas (GHG) emissions.
About ZETA
Founded in 2023, ZETA develops market tools to assist traders, regional producers, exporters, and investors in carbon-neutral projects, as well as off-takers in the MENA region and beyond. By enabling local companies to hedge market risks from long-term contracts, ZETA makes sustainable investments safer and stimulates new investment.
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Links:
Zero Emissions Traders Alliance (ZETA)
https://www.zeta-global.org/
Dii Desert Energy
https://dii-desertenergy.org/
CorreggioNET
https://www.correggionet.eu/
European Federation of Energy Traders (EFET) renamed Energy Traders Europe
https://www.efet.org
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This week Alicia and Patrick speak with Adamo Screnci from NextChem.
About Adamo:
Adamo is Vice President of Sustainable Technology Solutions at NextChem, where he has coordinated several mergers and acquisitions involving extensive intellectual property and related patents.
Previously, Adamo was Vice President of the newly created Clean Hydrogen Business Unit at Total Energies where he was involved with decarbonization efforts such as Masshylia and Hy24.
Adamo built the Green H2 & Green Chemical business line at thyssenkrupp (Nucera) and helped large projects like NEOM design their green hydrogen strategies. Before that, he was the co-founder of McPhy Energy, a start-up in the field of energy and adviser to CEA Liten's CEO, in order to build the national hydrogen roadmap for the Ministry of Environment in France.
Adamo began his career as an engineer for ELF Atochem and Siegwerk as well as Air Liquide where he quickly moved from a project management position to the management of a unit before becoming Vice President of Sales and Marketing.
Adamo holds an MA in Engineering, Process, Electrochemistry, and Energy from the National Polytechnic Institute of Grenoble and is a graduate of the INSEAD International Development Program. He is a Board Member of MENA Hydrogen Alliance and a Member of World Hydrogen Leaders.
About NextChem:
NextChem is a subsidiary of MAIRE group dedicated to sustainable technology solutions. Leveraging their expertise in nitrogen, hydrogen, carbon capture, fuels, chemicals, and polymers, they deliver solutions and processes to enable the energy transition. Since the 1970s, the MAIRE Group has been dedicated to developing and offering technology solutions, processes, basic engineering designs, as well as proprietary equipment and catalysts, to drive global decarbonization efforts. They offer solutions which utilize business synergies and cross-fertilization opportunities within the Group, drawing from an array of specialist skillsets.
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Links:
https://www.nextchem.it/en/
http://linkedin.com/in/adamoscrenci
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Recently, the team has the pleasure of speaking with Frank Wouters, a true visionary in hydrogen as well as the untapped potential of deserts. Chris Jackson, Alicia Eastman, and Patrick Molloy delve into some timely topics including offsets and the Zero Emissions Trading Alliance (ZETA) as well as the newly funded EU MED-GEM Network.
About Frank Wouters:
Frank has been leading renewable energy projects, transactions, and technology development for more than thirty years and played a lead role in the development of renewable energy projects all over the world.
Frank was the Deputy Director-General of the International Renewable Energy Agency (IRENA) from 2012 to 2014 and has sat on the boards of energy companies in Europe, Asia, the US, and Africa. He currently serves as:
• Chairman of the MENA Hydrogen Alliance, Dubai
• Chairman of the Dii Advisory Board, Dubai
• Director of the EU MED-GEM Network, Brussels
• Fellow, Payne Institute, Colorado School of Mines, Denver
• Chairman of the Benelux Business Council Abu Dhabi
• Chairman of the HyET Group Advisory Board, The Netherlands
• Non-Executive Board Director of Gore Street Capital, London
Frank has authored several books on renewable energy and green hydrogen and lives in Abu Dhabi. He has a Master of Science in Mechanical Engineering from Delft University.
About MENA Hydrogen Alliance:
The organization aims to create the Middle East North Africa hydrogen community with a regional focus and global scope to accelerate the deployment of li-carbon hydrogen. The Alliance provides a platform for partners to meet and discuss pathways forward, to formulates common studies and connect producers and off-takers.
About the EU MED-GEM Network:
The EU MED-GEM project, supporting the development of Green Electrons and Molecules (GEM) in the Southern Mediterranean area, is an initiative funded by the European Union that aims to create and operate a sustainable and self-sustaining network in the Southern Neighbourhood region. By convening dialogue and collaborative activities between key energy stakeholders, MED-GEM activities facilitate and promote the growth of the GEM industry, in particular Renewable & Green Hydrogen, at regional level. The Network also aims at raising awareness on the imperative need for an accelerated clean energy transition.
About ZETA:
The Zero Emissions Trade Alliance (ZETA) was founded nearly ten years ago by Jan Haizmann. As an impartial and technically neutral platform for actors in the market of clean/low/no emissions energy carriers, it is intended to encourage and facilitate standards, certification, data exchange, and any related technologies and rules.
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Links:
MENA Hydrogen Alliance - https://dii-desertenergy.org/mena-hydrogen-alliance/
EU MED-GEM Network - https://med-gem.eu/home-page
ZETA - https://www.zeta-global.org/
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On this episode of EAH, Patrick Molloy, Alicia Eastman, and Chris Jackson are delighted to speak with Arsenio Dominguez, the newly appointed Secretary General of the International Maritime Organization (IMO). Recorded before the highly successful MEPC81, Arsenio describes his vision for the IMO and his confidence in solutions that will reduce emissions from shipping without penalizing member states.
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About SG Arsenio Dominguez:
Arsenio Antonio Dominguez Velasco is the tenth IMO Secretary-General, bringing with him more than three decades of experience serving the global maritime sector, across a spectrum of leadership roles of increasing scope and responsibility.
Initially representing his native Panama, first within the Panama Maritime Authority and in his lattermost appointment as Ambassador of Panama to the IMO, his affinity for building consensus saw him elected by his peers as Chair of several flagship IMO intergovernmental meetings, including: the Marine Environment Protection Committee (MEPC), the Technical Committee of the 29th Assembly, and the Maritime Security, Piracy and Armed Robbery Group, as well as a number of Vice-Chair and Board member roles.
A naval architect at heart and by training, Mr. Dominguez gained his first degree at Veracruzana University, Mexico. Recognizing from the outset of his career the importance of a multi-disciplinary and multi-sectorial approach to the maritime sector, Mr. Dominguez later went on to pursue a Master of Business Administration (MBA) at the University of Hull, as well as an executive qualification in International Law and European Politics at Birkbeck University, both in the United Kingdom.
This agile approach served him well in better understanding the priorities and navigating the needs of the different stakeholders across the maritime sector, and indeed the complexities of a specialized UN agency whose mission it is to support them. In 2017, Mr. Dominguez harnessed this extensive technical and diplomatic knowledge and experience as a delegate for the benefit of IMO. He joined the Organization, first as Chief of Staff, followed by Administrative Director - leading the Organization through the COVID-19 pandemic. Directly prior to his election in July 2023 as Secretary-General, he was the Director of the Marine Environment Division.
His initial term as IMO Secretary-General was approved at the 33rd Assembly in December 2023.
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About the IMO:
The International Maritime Organization (IMO) is the United Nations specialized agency with responsibility for the safety and security of shipping and the prevention of marine and atmospheric pollution by ships. The IMO work supports the UN Sustainable Development Goals (SDGs).
The main role of the IMO is to create a regulatory framework for the shipping industry that is fair and effective, universally adopted and universally implemented.
Shipping is a truly international industry, and it can only operate effectively if the regulations and standards are themselves agreed, adopted and implemented on an international basis.
IMO measures cover all aspects of international shipping – including ship design, construction, equipment, manning, operation and disposal – to ensure that this vital sector for remains safe, environmentally sound, energy efficient and secure.
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Links:
IMO: https://www.imo.org/
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This week Chris Jackson and Alicia Eastman interview a rising star in project finance - Patrick Gelstrup Rosenquist, Senior Vice President of the Danish Export and Investment Fund ("EIFO") and Patrick Molloy weighs in on the surprising advantages of Export Credit Agencies (“ECAs”).
About Patrick Gelstrup Rosenquist:
Patrick has worked for Denmark’s Export Credit Agency (EKF) and now EIFO for 15 years with a special focus on wind energy and Power-2-X. He is a renewable energy and infrastructure financing professional with expertise originating, analyzing, negotiating and structuring renewable energy assets. Key focus areas are export credits and international non-recourse finance for P-to-X projects worldwide.
About Export and Investment Fund of Denmark (“EIFO”):
EIFO is the national promotional bank and export credit agency of Denmark combined in one financial institution. It is the merger of three state funds – Vaekstfonden (The Growth Fund), EKF, and the Danish Green Investment Fund who all became subsidiaries under EIFO in January 2023.
About NZECA: Launched at COP28 in December 2023 the Net-Zero Export Credit Agencies Alliance (“NZECA) was launched by five founding and three affiliate members in partnership with Oxford, Future of Climate Cooperation, and the UN Environment Program Finance Initiative. Founding members include EKN of Sweden, EIFO, Export Development Canada (“EDC”), Svensk Exportkredit (SEK), and UK Export Credit. Affiliate members include Etihad Credit Export Insurance (“ECI”), Spain’s Export Credit Agency (“Cesme”) and KazakhExport. The Alliance unites leading public finance institutions committed to delivering net-zero economies by 2050 by supporting the decarbonisation of trade and facilitating joint action from public and private finance.
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Links
EIFO: eifo.dk/en/
NZECA: https://www.unepfi.org/climate-change/net-zero-export-credit-agencies/
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This week on the Everything about Hydrogen podcast we are speaking to Kareem Afzal from PDC Machines. The company is a US based business, with >40yrs of experience in the world of compression. As market leaders in the supply of diaphragm compressors for industrial and mobility based applications in the hydrogen space, PDC Machines have seen the good, the bad and the ugly.
With manufacturing, sales and assets deployed across Europe, Asia and USA, we ask Kareem to talk through how PDC Machines sees the hydrogen project landscape evolving. What opportunities and challenges are PDC machines seeing for projects both under operation and attempting to achieve FID? Finally, Kareem speaks on how PDC Machines is able to maintain quality standards, whilst also accommodating supply chain pressures for local content as governments across the world seek to tie subsidies to new job creation.
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Links
https://www.pdcmachines.com/about-us/#story
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Today on the show we speak to Daniel Hanna, Global Head of Sustainable Finance for the Corporate & Investment Bank at Barclays Plc. On the show we discuss Daniel’s views on COP28 and climate investments globally, as well as his personal background and work in the sector. Finally, he speaks on what Barclays is doing to accelerate decarbonisation efforts and unlock climate financing solutions.
Daniel has long been a pioneer in innovative financing solutions to deliver social & environmental impact, having previously worked at Standard Chartered were he developed some of the first blended finance bond products to address issues such as water access and education, as well as supporting the NEOM project to raise its first financing. At Barclays, Daniel plays a key role in helping the bank to deliver on its ambition to enable $1trillion of Sustainable and Transition Financing between 2023 and the end of 2030. This is supported through several areas including Barclays internal £500mn Principal Investments arm, which provides growth capital to leading innovators in clean energy such as GeoPura, ZeroAvia, Protium, Zedify, Naked energy and many more. Barclays has also designed new products, including an innovative structured debt product that enabled a $300mn facility with EV services provider Einride, as well as helping companies in their corporate financing journey by providing investment banking support for fund raises such as Ohmium’s $200mn capital raise through TPG rise. All this and more we cover in the show as Daniel lays out how he sees Barclays as a leading provider of financing solutions for the clean energy space.
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Links
https://home.barclays/news/press-releases/2022/daniel-hanna-joins-barclays-as-global-head-of-sustainable-financ/
https://www.barclays.co.uk/sustainability/#:~:text=Setting%20a%20target%20to%20facilitate,and%20the%20end%20of%202030
https://trans.info/einride-secures-an-additional-500-million-in-funding-316547
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To round off Season 5, the team are taking the podcast to COP28 in Dubai and providing listeners with a bit of texture including what the event was like to attend, as well as sharing a snapshot of some of the varied voices and discussions that took place. Having had a little time for reflection, Alicia, Chris and Patrick also offer their thoughts and takeaways on what this COP might mean for the future.
COP28 was the first in nearly 30 years to feature hydrogen as part of the Presidential Action Agenda with Daria Nochevnik of Hydrogen Council (also former EAH guest) as the Special Hydrogen Advisor to the COP Presidency, H.E. Dr. Sultan Ahmed Al-Jaber.
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Speakers Featured (in order of appearance)
• Mohamed Jameel Al Ramahi, Masdar CEO
• Marie-Anaïs Esprit, Natixis Corporate & Investment Banking
• Eng. Nawal Alhanaee, Director of Future Energy at the UAE Ministry of Energy & Infrastructure
• Princess Mishel Bint Saud Al Shalan, Public Investment Fund (PIF) of the Kingdom of Saudi Arabia, courtesy of her uncle, Modern Group Chairman HRH Prince Turki bin Abdulrahman bin Abdulaziz Al Saud
• Kiruthika Sadagopan, Reliance Industries ‘Intrapreneur’
• Ana María Pinto, Inter-American Development Bank (IDB) Transport Division Chief
• Jeremy Nixon, ONE Singapore CEO and World Shipping Council Co-Chair
• Jean-François Gagné, Clean Energy Ministerial (CEM) Secretariat
• David Shukman, Grantham Research Institute on Climate Change Visiting Professor in Practice
• Arsenio Dominguez, International Maritime Organization (IMO) Secretary General - Elect
Special thanks to Nelson Mojarro of International Chamber of Shipping (ICS) Decarbonization Innovation Lead and team who organized an incredible two-day shipping event including the inaugural COP28 Presidency High Level Shipping Ministerial.
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This week the team meet Mattijs Slee, the CEO of Battolyser. We scratch the surface of how this technology offers something different to others in the market, while also asking Matthias to talk about his own personal experiences in the hydrogen world and why he’s so excited about future opportunities for Battolyser.
About Battolyser
Battolyser is a Netherlands-based, electrochemistry company, who have developed an exciting hybrid electrolyser and battery storage solution. The company already has its first pilot plant in operation in the Netherlands and has recently secured significant funding from the European Investment Bank (EIB). This financing will accelerate the manufacturing scale of its product and introduce its solution to existing and new customers who are seeking innovative ways to incorporate intermittent renewable energy into different green energy storage vectors.
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Links:
https://www.battolysersystems.com/about
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The teams sits down with Johannah Christensen to discuss regulatory policies and risk mitigation for vessel owners switching to green fuels and what we can do to encourage that jump as well as ensure a Just Transition.
About Global Maritime Forum (GMF):
GMF is an international not-for-profit organisation committed to shaping the future of global seaborne trade to increase sustainable long-term economic development and human wellbeing.
About the Getting to Zero Coalition (GTZ):
GTZ is a collaboration-based platform committed to fully decarbonising the maritime industry by 2050. The industry-led coalition consists of leading stakeholders from across the maritime and fuels value chains, the financial sector and more. It is managed by the Global Maritime Forum and was founded together with the World Economic Forum and Friends of Ocean Action in 2019.
About Johannah Christensen:
Johannah is the CEO of GMF. In the past, Christensen worked as Head of Development at Danish Maritime Days and was an independent sustainability and partnership development consultant working for clients such as A.P. Møller-Mærsk, Global Reporting Initiative, MCI Group, Wonderful Copenhagen and UN Global Compact.
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Links:
GMF Website - https://www.globalmaritimeforum.org
GMF LinkedIn - https://www.linkedin.com/company/globalmaritimeforum/
Getting to Zero Coalition Website - https://www.globalmaritimeforum.org/getting-to-zero-coalition
International Maritime Organization (IMO) - https://www.imo.org/
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On this episode the full team Chris, Alicia and Patrick speak to the incredible Dr. Sunita Satyapal.
About Dr. Satyapal:
Sunita is the Director for the United States Department of Energy (DOE) Hydrogen and Fuel Cell Technologies Office and coordinates activities across DOE offices for the DOE Hydrogen Program, which now includes roughly US$10B (including Bipartisan Infrastructure Law funding).
Dr. Satyapal was also recently named Director of the Hydrogen Interagency Taskforce (HIT) which includes 11 federal agencies.
She has more than two and a half decades of experience across industry, academia, and government, including at United Technologies managing R&D and business development and as a co-Chair on various international hydrogen partnerships. She received her Ph.D. from Columbia University and did postdoctoral work in Applied and Engineering Physics at Cornell University. She has numerous publications, including in Scientific American, 10 patents, and various recognitions including two Presidential Rank Awards.
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Links
US DOE: https://www.energy.gov/
Hydrogen Hubs Announcement
https://www.energy.gov/articles/biden-harris-administration-announces-7-billion-americas-first-clean-hydrogen-hubs-driving
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On this episode of EAH, Patrick Molloy, Alicia Eastman, and Chris Jackson learn a bit more about Pierre-Etienne, one of the original founders of Hydrogen Council, Chairman of 5T Hydrogen, and CEO of Hy24 the world’s largest investment platform solely focused on hydrogen.
About Pierre-Etienne Franc:
Pierre-Etienne spent a quarter century developing Air Liquide's businesses, managing the use, research, and development of hydrogen applications. As the Hydrogen Council’s initiative secretary, Pierre-Etienne and Air Liquide were joined by 12 other founding industry players, advocating for hydrogen to help foster the energy transition.
In 2021, Pierre-Etienne stepped away from Air Liquide to start a pure play hydrogen investment fund known as FiveT Hydrogen of which he is the Chairman. FiveT Hydrogen partnered with Ardian of France and launched a clean hydrogen infrastructure investment platform, dubbed Hy24. With Pierre-Etienne at the helm, Hy24 raised Clean H2 Infra, the largest fund worldwide dedicated solely to clean hydrogen infrastructure deployment.
About Hy24 and Clean H2 Infra:
Boasting over 70 strategic finance and industry limited partners, the Fund offers an ecosystem of opportunity to its various hydrogen portfolio companies. Hy24 has already announced seven investments, some of the most promising entrepreneurial adventures across Europe, Australia, and the Middle East, to support projects which will be among the largest in the world with gigawatts of competitive renewable capacity to decarbonize hard-to-abate established industries. Hy24 is color agnostic, but the hydrogen must qualify under the European taxonomy and Sustainable Finance Disclosure Regulations (SFDR) in a way that it is Article 9 compatible—so whatever process is used needs to reduce emissions by a minimum 70 to 80%.
Fun facts:
- Unlike Article 8 funds under the EU Sustainable Finance Taxonomy, which need only promote environmental or social characteristics and have good governance practices, Article 9 funds should make a positive impact on society or the environment through sustainable investment and have a non-financial objective at the core of their offering.
- The founding 13 members of the Hydrogen Council are Air Liquide, Alstom, Anglo American, BMW Group, Daimler, Engie, Honda, Hyundai, Kawasaki, Shell, Linde, Total and Toyota.
- Hy24 recently announced their investment in InterContinental Energy
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Links
Hy24 Link: www.hy24partners.com
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