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Oil Giant BP is Killing 18 Hydrogen Projects, Chilling the Nascent Industry

By hardware.slashdot.org
Published On :: 2024-11-05T18:50:00+00:00

An anonymous reader shares a report: Tucked inside a 32-page earnings report, oil and gas giant BP revealed it was killing 18 early-stage hydrogen projects, a move that could have a chilling effect on the nascent hydrogen industry. The decision, along with the sale of the company's U.S. on-shore wind power operations, will save BP $200 million annually and help boost its bottom line. The hydrogen industry, which has relied on oil and gas companies both financially and through lobbying efforts, is preparing for a grimmer outcome. BP has been a supporter of hydrogen. The company's venture capital arm has invested in several green hydrogen startups, including Electric Hydrogen and Advanced Ionics. Earlier this year, BP said it would develop "more than 10" hydrogen projects in the U.S., Europe, and Australia. Now, BP is scaling back those plans, saying it'll develop between five and ten projects. The company is keeping quiet about which ones will receive the green light.

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How Samsung Fell Behind in the AI Boom - and Lost $126 Billion in Market Value

By hardware.slashdot.org
Published On :: 2024-11-09T18:57:00+00:00

After missing a chance to capitalize on the AI boom, "Samsung's profit has plunged," reports CNBC, and "around $126 billion has been wiped off its market value, according to data from S&P Capital IQ." It's gotten so bad that "an executive issued a rare public apology about the company's recent financial performance." [A]s AI applications such as OpenAI's ChatGPT rose in popularity, the underlying infrastructure required to train the huge models they rely on became a bigger focus. Nvidia has emerged as the top player in this space with its graphics processing units (GPUs) that have become the gold standard used by tech giants for AI training. A crucial part of that semiconductor architecture is high-bandwidth memory, or HBM. This next generation of memory involves stacking multiple dynamic random access memory (DRAM) chips, but it had a small market before the AI boom. That's where Samsung got caught out and failed to invest... SK Hynix saw this opportunity. The company aggressively launched HBM chips which were approved for use in Nvidia architecture and, in the process, the South Korean firm established a close relationship with the U.S. giant. Nvidia's CEO even asked the company to speed up supply of its next generation chip, underscoring the importance of HBM to its products. SK Hynix posted record quarterly operating profit in the September quarter... Analysts said that Samsung is lagging behind competitors for a number of reasons, including underinvestment in HBM and the fact that it is not a first-mover. "It is fair to say that Samsung has not been able to close the gap with SK Hynix on the HBM development roadmap," said Kazunori Ito [director of equity research at Morningstar]. Samsung's ability to make a comeback in the short term appears to be closely linked to Nvidia. A company must pass a strict qualification process before Nvidia approves it as a HBM supplier — and Samsung has not yet completed this verification. But a green light from Nvidia could open the door for Samsung to return to growth and compete more effectively with SK Hynix, according to analysts.

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America's First Sodium-Ion Battery Gigafactory Announced. Cost: $1.4 Billion

By hardware.slashdot.org
Published On :: 2024-11-10T08:34:00+00:00

Sodium-ion batteries are cheaper than lithium-ion batteries — and they're also more environmentally friendly. And "In the past few years, sodium-ion battery production has increased in the United States," reports the Washington Post, with a new factory planned to manufacture them "in the same way as lithium-ion batteries, just with different ingredients. Instead of using expensive materials like lithium, nickel and cobalt, these will be made of sodium, iron and manganese..." Last month, sodium-ion battery manufacturer Natron Energy announced it would open a "gigafactory" in North Carolina that would produce 24 gigawatt hours of batteries annually, enough energy to charge 24,000 electric vehicles. But sodium-ion batteries are still early in their development compared with lithium-ion, and they have yet to hit the market on a massive scale. "It's unlikely sodium-ion could displace lithium-ion anytime soon," said Keith Beers, polymer science and materials chemistry principal engineer at technical consultancy firm Exponent... The biggest limitation of sodium-ion batteries is their weight. Sodium weighs nearly three times as much as lithium, and it cannot store the same amount of energy. As a result, sodium-ion batteries tend to be larger. Jens Peters, an economics professor at the University of Alcalá in Madrid, said the energy density could be improved over time in sodium-ion batteries. But, he added, "what we found out so far in our assessments is that it is not a game changer." Sodium-ion batteries are touted to be the environmentally friendly alternative to their lithium-ion counterparts, thanks to their raw materials. Sodium, iron and manganese are all abundant elements on the planet, so they require less energy to extract and cost less... Sodium-ion batteries also last longer than lithium-ion ones because they can withstand more charge cycles, said Wendell Brooks, co-CEO of Natron Energy. "Our product can have millions of cycles," said Brooks, "where lithium-ion would have three to five thousand cycles and wear out a lot faster...." Sodium-ion batteries aren't the best fit for smartphones or electric vehicles, which need to store lots of energy. However, one advantage is their low cost. And they could be a good candidate in situations where the size of the battery isn't a concern, like energy storage. "When something is built out to support grid or backup storage, it doesn't need to be very dense. It's staying put," Beers said. Natron will invest nearly $1.4 billion in the factory "to meet the rapidly expanding demand for critical power, industrial and grid energy storage solutions," according to their announcement. "Natron's high-performance sodium-ion batteries outperform lithium-ion batteries in power density and recharging speed, do not require lithium, cobalt, copper, or nickel, and are non-flammable... Natron's batteries are the only UL-listed sodium-ion batteries on the market today, and will be delivered to a wide range of customer end markets in the industrial power space, including data centers, mobility, EV fast charging, microgrids, and telecom, among others."

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