· 2 min read
illuminem summarizes for you the essential news of the day. Read the full piece on Euronews or enjoy below:
🗞️ Driving the news: Jordi Zonneveld, a former oil and gas industry executive, transitioned his company, Frames Group, to focus on green hydrogen production
• His motivation was to create a better future for his daughters by moving away from fossil fuels
🔭 The context: Zonneveld joined the oil and gas sector in 2005 but began rethinking his role after the 2015 oil price crash and the Paris Agreement
• Realizing the industry wasn't sustainable, he and his team pivoted Frames Group to clean hydrogen production, making it 10% of the business within five years
🌍 Why it matters for the planet: Green hydrogen, produced from renewable energy, offers a low-carbon alternative to fossil fuels
• It can store clean energy and power industries like transport and manufacturing, playing a key role in the fight against climate change
⏭️ What's next: After Plug Power acquired Frames Group in 2021, Zonneveld continued leading its hydrogen focus
• Plug Power aims to produce over 1,000 tons of green hydrogen daily by the end of the decade, backed by U.S. tax incentives and government funding
💬 One quote: “I don’t have the illusion I can change everything myself, but I can be a part of the whole transition,” Zonneveld said, reflecting on his motivation to shift towards clean energy for his daughters' future
📈 One stat: Plug Power's green hydrogen goals include producing 1,000 tons of clean hydrogen globally per day by 2030
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