Financial powerhouses join forces to revolutionize energy sector: ‘An ideal fit’

Financial powerhouses join forces to revolutionize energy sector: ‘An ideal fit’

Africa's largest money manager is joining forces with two other institutions to finance green hydrogen projects. Their goal is to produce energy without the harmful effects of carbon pollution. Public Investment Corp. (PIC), a long-term investor, stated that it was "committed to supporting infrastructure" while helping turn South Africa into a major player in clean energy. PIC, along with...

New EU Energy and Raw Materials Platform to support the competitiveness and decarbonisation of European industry

New EU Energy and Raw Materials Platform to support the competitiveness and decarbonisation of European industry

In a strategic move to strengthen the competitiveness of Europe’s industry and leverage the Union market towards more security of supply, diversification and decarbonisation, the Commission today launched the Hydrogen Mechanism under the EU Energy and Raw Materials Platform. The online platform will host different mechanisms covering hydrogen, raw materials, natural gas and biomethane, with the...

Trump has derided Biden’s landmark climate programs. Would he ditch hydrogen?

Trump has derided Biden’s landmark climate programs. Would he ditch hydrogen?

This story by MIT Environmental Solutions Journalism Fellow Reid Frazier was originally published in the Allegheny Front, where it appears with additional photos and resources.The Biden administration is pursuing “clean hydrogen” as one potential climate solution for heavy industry. It funded the creation of several “hydrogen hubs,” including two in Pennsylvania. But what happens to these plans...

Need air conditioning? Consider the heat pump.

Need air conditioning? Consider the heat pump.

Here’s one example: In California, it costs between $900 and $1,900 more to replace a broken central AC with a heat pump instead of a conventional AC. That’s out of a median total heat-pump installation cost of $15,900, per data from the TECH Clean California program from July 2021 to April 2024. But spending on...

Jordan approves comprehensive framework to develop green hydrogen sector

Jordan approves comprehensive framework to develop green hydrogen sector

Amman: Jordan’s Cabinet has given the green light to a comprehensive framework designed to fast-track the development of green hydrogen projects across the Kingdom. This newly approved mechanism outlines a strategic vision to position Jordan as a regional leader in green hydrogen production, according to the Jordan News Agency, Petra. The Ministry of Energy and Mineral Resources spearheaded the...

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