🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Snam and Baker Hughes test first hydrogen hybrid turbine for gas transportation

Published 20/07/2020, 15:08
© Reuters. Italian gas group Snam logo is seen outside their office in Rome
SRG
-
BKR
-
NG
-

MILAN (Reuters) - Snam (MI:SRG) and oilfield service giant Baker Hughes Co (N:BKR) have successfully completed tests for a "hybrid" turbine that will allow transportation pipelines to carry hydrogen along with natural gas, the Italian gas company said on Monday.

The new turbine, which was entirely designed and produced in Baker Hughes' plants in Italy and can be fuelled by a mix of natural gas and up to 10% of hydrogen, will be installed by next year at Snam's Istrana site near Treviso in northern Italy.

Green hydrogen, produced by electrolysis using solar and wind power sources, is seen as a possible replacement for fossil fuels such as natural gas since it does not produce carbon dioxide when burnt.

Chief Executive Marco Alverà said in a statement that the project marked a further step in efforts by Snam, Europe's biggest gas transport group, to adapt its pipeline network for hydrogen transportation.

Raising the share of hydrogen in the natural gas it transports to 10% would allow it to pump about 7 billion cubic meters of hydrogen each year, Snam said -- enough to cover annual consumption for 3 million families and cut carbon emissions by 5 million tons.

© Reuters. Italian gas group Snam logo is seen outside their office in Rome

Snam said that 70% of its natural gas grid was already made up of "hydrogen ready" pipes.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.