Egypt aims to attract Dutch investments in green hydrogen sector

Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), embarked on a promotional tour to entice Dutch investments in the green hydrogen sector. Heiba actively participated in the World Hydrogen Summit held in Rotterdam, the Netherlands—an influential event in Europe’s green energy landscape. During the summit, attendees explored strategies to support the global transition...

Aramco, Rondo Energy Studying GW-Scale Thermal Storage, Hydrogen, Carbon Capture Deployment

A major global energy and chemicals company has entered into a memorandum of understanding (MoU) with a provider of lower-carbon industrial heat and power, with the groups beginning engineering studies for a project showcasing thermal energy storage, hydrogen production, and carbon capture. Saudi Arabia-based Aramco and California-headquartered Rondo Energy said they executed the MoU on May 16. The...

Biden Administration Sets Strict Rules for Clean Hydrogen Subsidies

In a closely watched climate decision that could shape the emerging hydrogen energy industry, the Biden administration today proposed a rule for production tax credits that would require new sources of clean energy to produce hydrogen.If it stands, the new rule would be a major victory for renewable energy advocates and companies betting on green hydrogen while preventing additional subsidies for the...

EU launches first European Hydrogen Bank auction with €800 million of subsidies

The European Commission has launched the first auction under the European Hydrogen Bank to support the production of renewable hydrogen in Europe, with an initial €800 million of emissions trading revenues, channelled through the Innovation Fund. Producers of renewable hydrogen can bid for support in the form of a fixed premium per kilogram of hydrogen produced. The premium is intended to bridge the...

Japan’s Marubeni secures 1.1GW wind energy deal in Saudi Arabia

Credit: Supplied One of Japan’s largest trading and investment business conglomerates, Marubeni Corporation, has secured a deal with the Saudi Power Procurement Company (SPPC) to build two major wind energy projects in Saudi Arabia. The projects will be developed in collaboration with Abdulaziz Alajlan Sons for Commercial & Real Estate Investment Company – Ajlan & Bros. The Power Purchase...

GAFI promotes Dutch investment in Egypt during World Hydrogen Summit

CAIRO - 26 May 2024: The General Authority for Investment and Free Zones (GAFI) is actively courting Dutch investment in the green hydrogen sector. GAFI's CEO, Hossam Heiba, is currently on a promotional tour to the Netherlands, participating in the World Hydrogen Summit 2024. The summit, which aims to explore ways to support the global energy transition, provided a...

Hydrogen Offers Germany a Chance to Take a Lead in Green Energy

In the city of Duisburg in Germany’s industrial heartland is a vast steel complex that is one of Europe’s largest polluters. But alongside the mill’s furnaces and smelters, technicians have developed a machine that could soon play a vital role in reducing greenhouse gas emissions.By using electricity to split water into its two elements, the device, a test model called an electrolyzer, produces...

Biden admin’s long-awaited hydrogen rules are here —…

Some firms complain while others prepare to invest billions So while a few corporations have taken it upon themselves to speak on behalf of ​“the hydrogen industry” as they attack strong hydrogen rules, they have no such right. The industry is no monolith, and plenty of businesses stand ready to invest to scale up a real clean hydrogen sector. In fact, some of the loudest industry voices also...

Compare listings

Compare