God-level Trader of Rebirth

Chapter 490 Hydrogen Production by Electrolysis of Water

In France, President Sarge, known as "Little Napoleon", immediately expressed his intention to cooperate with the Northern California Solar Energy Company.

We hope to build solar power stations together.

The French government has promised to provide a financing loan of 35 billion euros, and the requirement is to own 70% of the shares of solar power plants built in France.

After back-and-forth negotiations, the financing provided by the French government was reduced to 20 billion euros, and it held a 45% stake in the solar power plant.

For the remaining part, several European banks provided loans and obtained 15% of the shares.

Following closely behind, European countries such as Germany and the United Kingdom also sent business representatives to Northern California companies to discuss the construction of solar power stations.

Order after order is coming to Northern California Solar Energy Company.

In less than a year, they have received hundreds of commercial orders, and the total construction scale is expected to reach thousands of square kilometers.

The Northern California Solar Company uses independent power generation to supply power to the grid, which also prevents the power departments of those countries from making too many voices of dissatisfaction.

Although the power generation capacity of solar power stations is still insignificant in the entire world's electricity supply system.

However, solar energy has entered people's lives and gradually replaced petroleum energy, which has become an unstoppable trend.

In the future, solar energy will be the main source of human energy power. This is already the consensus of all mankind.

Whether you admit it or not, the oil industry is entering the sunset industry.

Newspapers, magazines, the Internet, and TV media are full of solar power stations built by Northern California companies in Qiongzhou. Photos and videos can be seen everywhere.

Even if you don’t want to read it, if you look at the front page of a newspaper, the cover of a magazine, the home page of a website, or TV news, you will see relevant reports.

They were bombarded indiscriminately and couldn't even hide.

The hype around solar energy is greater than ever before.

At the beginning of this century, solar energy was just a concept.

The practical technology of solar energy was suppressed by the oil and energy tycoons at the time, and it was first known to people.

But at that time, the feasibility of solar power stations was still on paper, and ordinary people had never seen the real thing.

Some experts have also expressed doubts about the authenticity of solar energy in the media, suspecting that this is a hype by energy companies.

Eight years later, all the doubters have shut their mouths and admitted that the solar energy era is proving with undoubted facts that it is an inevitable trend for it to enter the lives of ordinary people!

In fact, the total scale of the solar power stations built by Northern California companies in Qiongzhou is less than thirty square kilometers.

Not to mention that solar power can only provide power during the day. Even if an energy storage station is built to provide power 24 hours a day, it is difficult to guarantee the power demand of the entire Qiongzhou Province with solar power stations alone.

But solar energy is so exciting!

The sun shines down from above, and people can enjoy completely pollution-free clean energy without spending a penny.

Moreover, the life of the sun is billions of years. This long time is almost equivalent to a permanent free energy supply for humans!

How can this not make people happy!

They selectively ignore the fact that conventional energy is the main force in current power supply, and devote all kinds of flattering words to solar energy.

For the Northern California Solar Energy Company, people have given it such high praise as "the hope of the 21st century".

Europe is inherently short of energy resources and its fossil energy reserves are relatively low.

This has led to Europe's high dependence on energy imports, especially the three major energy sources of oil, natural gas and coal, which basically need to be imported from Mauritius and Russia.

So their thirst for energy is beyond imagination.

The Northern California company has signed hundreds of agreements of intent around the world, with one country after another, reaching an intention to build solar power plants there.

On the condition that the other party provides sites and funds for shares, all major industrial countries in Europe are included in the beneficiary groups of solar energy.

Although it is only an agreement of intent, the funds have not yet been received, and the power station is far from being officially put into construction.

It can be seen that European countries that hope to get rid of energy shackles have begun to spontaneously and actively promote solar energy.

It seems that we will enter the solar century tomorrow.

The Northern California company's round of publicity in Europe achieved what they planned.

There is no longer any doubt about the future of solar energy.

What is most evident is that the price of oil, which has always been strong, has fallen sharply.

Oil and energy company stocks can no longer be favored by people.

On the contrary, the stocks of companies that are developing new energy sources have begun to rise significantly. In response to public expectations, even if those oil and energy companies try their best to belittle the effectiveness of solar energy, its high investment, etc., they cannot restore their decline.

After all, many people have endured this gas price for a long time.

During this trip to Europe, the Northern California company also successfully obtained the funds needed for the "distributed photovoltaic power generation" plan.

Chen Weidong and Lin Zeju, the European financial companies secretly controlled, openly entered the board of directors of the Northern California company by financing and investing shares.

In the eyes of outsiders, they only became board members of this company because they acted quickly and helped the Northern California company when it needed funds the most.

Everyone knows that the Northern California company has seized the opportunity to supply solar energy with its only practical and large-scale solar power plant.

Its future development will be limitless!

The few European financial institutions and other banking and financial institutions that have provided financing to invest in the company are all very keen on it.

They also put forward the request for financing and equity participation, and took the initiative to hold the funds in their hands, hoping that the Northern California company would accept it.

However, the Northern California company acted as if it had sufficient funds for the time being, and seemed to regret its premature agreement to those financial institutions to invest in the company.

Requests from other European banking and financial institutions to invest in the company were politely declined.

Indeed, the existing funds of the Northern California company are fully sufficient to meet the construction needs of power stations in the next few years.

The European financial institutions secretly controlled by Chen Weidong and others have twice raised a total of 7 billion euros from Northern California companies. According to the exchange ratio of euros to renminbi, the exchange ratio is 1:7.5, which is 52.5 billion yuan.

Coupled with the RMB 40 billion financing and equity investment provided by Party Z, the existing funds have reached nearly RMB 100 billion.

This does not include the more than 30 billion euros that France will subsequently provide.

These funds are enough for them to build 400 square kilometers of solar power stations, but there is still a little more.

At least within a few years, you no longer need to worry about funds.

Moreover, as long as they think about it, there will be endless business. Replacing oil with solar energy must be a long-term construction project.

A future giant multinational company has quietly taken shape.

The Northern California company successfully built China into an unbreakable base for solar energy by letting Party Z own shares of the company.

Originally, Qiongzhou had complained about the excessive land occupation by Northern California companies and believed that more benefits should be gained from its development and utilization.

However, at the end of the first business quarter, the Northern California company generously paid a proportion of the tax to the local tax department, which immediately made Qiongzhou overjoyed.

The land department immediately stated that the state has always spared no effort in supporting non-polluting enterprises.

If the company in Northern California needs land to expand in the future, the land department will strictly implement national policies and fully support emerging industries!

Government and enterprises collaborate, each benefiting from it.

Because there is a lot of rain in Qiongzhou, the salt contained in the rainwater falls on the solar panels and easily pollutes the lenses.

Therefore, the Northern California company has recruited more than a thousand workers locally to clean the lenses at night and maintain the high-definition transparency of the lenses.

As distributed photovoltaic power generation plans advance, the number of workers they recruit is also increasing.

When the second phase of solar panels totaling 100 square kilometers is completed, the Northern California company has recruited more than 6,000 installation and maintenance personnel from across the country.

Priority is given to hiring local people.

The per capita monthly salary is 6,500 yuan, which is much higher than the local per capita wage level.

For this reason, the relationship between the Northern California company and Huaxia has become increasingly close, laying a solid foundation for their company's future development.

After the completion of the second phase of the project, the Northern California company built a seaside hydrogen production plant and a composite storage tank plant on the seaside of Lingshui County.

Every day, a large amount of electricity is supplied to hydrogen production plants for electrolysis of seawater to produce hydrogen.

Hydrogen production by electrolysis of water is a very mature technology.

At the modern level of hydrogen production, the energy conversion rate of electrolyzing water into hydrogen is between 60 and 80 percent.

The only problem is that the process of electrolyzing water to produce hydrogen requires a large amount of electricity.

This time, after being invited by the Northern California Company, researchers from Infinity Company came to the Northern California Company openly to provide technical support for their hydrogen production plant.

Responsible for building a high-quality hydrogen production plant.

The energy conversion rate of the completed hydrogen production plant has reached 86%.

Considering that there are more impurities in seawater than in fresh water, this extraction rate is already quite high and has completely reached the international leading level.

All liquid hydrogen produced is filled into hydrogen storage tanks and is not exported.