Energy Vault closes California hydrogen BESS microgrid financing

Energy Vault closes California hydrogen BESS microgrid financing

According to Energy Vault, the CRC is being developed to serve a tolling agreement with California utility Pacific Gas & Electric (PG&E). CRC combines hydrogen fuel cells with a lithium-ion battery energy storage system (BESS) and is specifically designed to provide power resiliency in the event of grid disconnection during wildfires or other natural disasters. The CRC will allow the...

Only 17% of EU hydrogen project pipeline to materialise by 2030

Only 17% of EU hydrogen project pipeline to materialise by 2030

New data from Westwood Global Energy Group (Westwood) highlighted that despite significant ambitions and substantial funding commitments, Europe is unlikely to meet its 2030 hydrogen production targets. In its recent whitepaper, “Europe’s Hydrogen Future: How Much Is Realistically Achievable?” Westwood research reveals only 17% of the EU’s planned project pipeline is expected to materialise...

Mechanism to support the market development of hydrogen

Mechanism to support the market development of hydrogen

For this reason, the EU intends to facilitate market development in advance of 2030, including by developing a mechanism dedicated to the hydrogen market. This mechanism will rely on an IT Platform, which is currently in development, following a call for tender to select a service provider to design and develop such a platform, which closed on 12 August 2024.Connecting buyers and suppliers – well...

Subsidy gaps leave green hydrogen sidelined in heating, rail and road sectors: Aurora | Policy

Subsidy gaps leave green hydrogen sidelined in heating, rail and road sectors: Aurora | Policy

Renewable hydrogen has ‘little-to-no industry-wide driver in the near term’ for the heating, rail and road transport sectors, according to a study from Aurora Energy Research.Analysing different demand scenarios across Germany, Spain, Sweden and the UK, Aurora found that strict mandates and penalties are set to drive uptake in green hydrogen, particularly in the aviation and...

European Union, EIB and KfW to provide up to €216.5 million to finance renewable hydrogen projects

European Union, EIB and KfW to provide up to €216.5 million to finance renewable hydrogen projects

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HyAxiom And Scale Microgrids Team Up For Bridgeport Energy Project – Hydrogen Fuel News

HyAxiom And Scale Microgrids Team Up For Bridgeport Energy Project – Hydrogen Fuel News

NuPower Sells Bridgeport Fuel Cell Project to Scale Microgrids in a Landmark Clean Energy DealThe renewable energy sector took another step forward as NuPower, a Connecticut-based developer of sustainable energy projects, finalized the sale of its 9.6-megawatt combined heat and power (CHP) fuel cell project in Bridgeport to Scale Microgrids, a New Jersey-based energy company. This pre-construction...

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