Two hydrogen projects owned by CI Energy Transition Fund I, managed by Copenhagen Infrastructure Partners, have been successful in securing grants from the European Commission in its first European Hydrogen Bank auction. Catalina was awarded €230 million while Madoqua was awarded €245 million. The two projects are cornerstones in the future...
Image: T. Schneider/shutterstock.com Fortescue has officially begun works on its first green hydrogen facility in Arizona, US. The project was launched in a soil turning ceremony at the site, bringing local, state, and tribal leaders together alongside Fortescue executive chair and founder Andrew Forrest to mark the occasion. Construction at the 150-acre site is slated to create over 2000 jobs, with...
In a significant development for renewable energy in Europe, DH2 Energy’s Hysencia project emerged victorious in the inaugural European hydrogen auction, as announced by the European Commission. Among 132 projects submitted, Hysencia was one of the 7 selected winners, reinforcing DH2 Energy’s standing as a leading developer in renewable hydrogen production. Vincent...
The AusHETS project is designed to provide advice and support to startups and small to medium enterprises (SMEs) to transition to hydrogen. The AHC thanked the Federal Minister for Industry and Science, Ed Husic, for the funding, delivered as part of the Department of Industry, Science and Resources (DISR)’s Industry Growth Program: Industry Partner Organisation (IPO). The AusHETs project...
The European Hydrogen Bank (EHB) has awarded seven renewable hydrogen projects with almost €720m ($772m) in subsidies with projects set to gain less than €0.5/kg of hydrogen.Coming as the first competitive bidding process under the EHB, over 132 bids were made in total, with the selected seven expected to produce some 1.58 million tonnes of renewable hydrogen over a decade from a combined 1.48GW of...
Low-carbon hydrogen is derived from non-renewable sources with less than 70% of the lifecycle emissions of fossil natural gas.In the report, Capgemini pinpoints 2024 as a crucial year for the hydrogen industry based on targets for its development compared to production, mainly because hydrogen is still too expensive and uncompetitive. It calls for the industry to make the most of its many levers to...
Hydrogen production is experiencing remarkable growth, overcoming criticism of its carbon emissions in the past. Now, an innovative project has solved this problem, bringing emissions to zero. Hydrogen’s potential: an unlimited, renewable fuel Hydrogen has long been considered the cornerstone of the industry’s quest for a more sustainable future. Although it is not found in its pure state in nature,...
Four South Korean entrepreneurs who met while studying for their doctorate degrees in the US have raised $220m in the past three years from a string of blue-chip investors to help shipping bring ammonia fuelling closer to reality. The quartet, who united at the Massachusetts Institute of Technology, is behind Amogy, a company now proving a technology that can let ships use ammonia in fuel cells. Source...
Hydrogen Europe has said the low subsidy rates awarded by the European Hydrogen Bank’s (EHB) pilot auction were expected.On Tuesday (April 30), the European Commission revealed seven projects that would gain some €720m ($767m) in renewable hydrogen production subsidies.It came as the first auction under the EHB, which had been given a ceiling price of €4.5/kg ($4.79) of hydrogen produced to close...