Representing a $550 million investment, the facility will produce up to 11,000 tons of liquid green hydrogen annually BUCKEYE, AZ (May 3, 2024) – Fortescue marked a new phase in the development of the company’s $550 million venture into green hydrogen production in the United States, the first of Fortescue’s planned green energy investments in North...
Estonian green hydrogen company announces the successful completion of its seed funding round, raising €42 million. The financing round is led by an equity investment by UG Investments and grant financing from IPCEI (Important Project of Common European Interest) framework for hydrogen technologies but also includes other investors and grants. Stargate Hydrogen’s technology is fundamentally...
DH2 Energy wins the first European renewable hydrogen auction. The European Commission announced on Tuesday, April 30, the projects that have been awarded in the first European hydrogen auction and the Hysencia renewable hydrogen production project by DH2 Energy is one of the winners. Vincent Tessé, DH2 Energy Deputy General Manager, said: We are delighted that DH2...
Green hydrogen is a key solution for reducing carbon emissions within heavy industries such as manufacturing, mining, and transportation. This article explores the significant role of green hydrogen in minimizing carbon footprints, detailing its environmentally friendly production process while addressing the challenges and opportunities in its adoption. Image Credit: Audio und...
Towards Energy Independence: Kahramaa Reveals Qatar’s Renewable Energy Strategy Qatar’s General Electricity and Water Corporation, known as “Kahramaa,” has unveiled the Qatar National Renewable Energy Strategy (QNRES) in collaboration with 22 key energy stakeholders in the country. This initiative reflects Kahramaa’s commitment to advancing renewable energy...
One year ago, New York state passed one of the country’s most ambitious clean energy and climate justice laws. The Build Public Renewables Act authorized the New York Power Authority, a state-owned public power utility, to build and own clean energy projects for the first time. If the state falls short of its ambitious climate goals, the law mandates that NYPA step up to build renewables that will...
Joe Clark, who heads Lewis County Transit, thinks hydrogen could be the future of transit, especially here.The agency got a $1.8 million grant from the fund to install a micro-sized hydrogen electrolyzer, which will use electricity to split water molecules into hydrogen and oxygen.“For longer range, in rural America or rural Washington, where we are today, we...
Up to 8.2 billion won ($5.9m) has been allocated in subsidies to 152 hydrogen refuelling stations in South Korea.Starting today (May 1), 54 million won ($38,947) on average will be paid out to each station, designed to promote private participation in the hydrogen refuelling industry, support fuel purchase costs and improve operating conditions.The Korean Ministry of Environment has allocated the...
BAKU, Azerbaijan, May 3. The European Commission has doled out nearly 720 million euros to seven renewable hydrogen projects across Europe, chosen through the inaugural competitive bidding process of the European Hydrogen Bank, Trend reports. These victorious contenders will churn out renewable hydrogen within Europe and snag subsidies to narrow the cost gap between their production expenses...