European Hydrogen Bank: €1.2 billion for the next round of auctions At a workshop on the European Hydrogen Bank, organised by the European Commission’s DG CLIMA, it was announced that the budget for the second round of auctions will be set at €1.2 billion. It will be held later this year. This is good news for the industry. This amount represents 25% of the 2024 budget of the Innovation...
Legislative Council members are urging Hong Kong to begin planning for hydrogen development, even though production of the fuel is not yet fully mature as the administration announces the city's new Strategy for Hydrogen Development today.The SAR administration will provide safety guidelines in its strategy outline for the development of hydrogen...
New Delhi: Kalpataru Projects International, formerly Kalpataru Power Transmission, is looking at green hydrogen electrolyser manufacturing to expand its footprint in multiple product lines, company’s Director, Amit Uplenchwar, told ETEnergyWorld.He said that the company is constantly looking at expanding its EPC value chain in new sectors and is focussed on...
The reason is twofold. For one, clean energy costs have plummeted over the last decade — a decline that has also resulted in every dollar spent on wind and solar now going more than twice as far in terms of energy output as a dollar went a decade ago. Second, investment has also gotten a boost from the growing number of countries that have adopted emissions reductions goals in recent years. Most...
John Cockerill and its subsidiary, John Cockerill Hydrogen, announced on Monday the signing of binding commitments for a €230 million (US $250.9 million) capital increase. The funding round is led by SLB, a global energy technology company, and supported by SFPIM and Wallonie Entreprendre (WE), two leading Belgian public investment institutions, along with...
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European hydrogen bank: the first pilot auction will open in November and is worth 800 million euros
Not an actual financial institution, the European Hydrogen Bank is a European Commission initiative (announced in September 2022 by President Ursula von der Leyen in her State of the Union address and unveiled in detail in mid-March) to take hydrogen production in Europe from niche to scale. The challenge of the initiative is to narrow the economic gap between the higher costs of green energy, including...
Hydrogen is the fuel of the future, surpassing even EVs in interest. However, there are still brands that have yet to be able (or willing) to join this revolution in mobility. Just when Toyota or even Bosch are doing it, a legendary German carmaker has wanted to join: this is Volkswagen’s new proposal to change everything from our highways. Is Volkswagen moving closer to hydrogen? The rejected idea...
Office: Carbon Management FOA number: DE-FOA-0002400 Download the full FOA: FedConnect FOA Amount: $19 million Background Information On June 11, 2024, the U.S. Department of Energy’s Office of Fossil Energy and Carbon Management (FECM) announced six projects selected to receive approximately $9.3 million in federal funding to develop cutting-edge technology...