In August 2021, the UK government published its Hydrogen Strategy and a number of consultations on policies to encourage the development of a UK low carbon hydrogen sector (see posts (1) to (4) in this series here). In a sector where countries are competing keenly to be among the first to capitalise significantly on the coming low carbon hydrogen revolution, momentum is crucial, and April 2022...
TransportEnviroTechInvestmentULEMCo, a Liverpool-based company that converts commercial vehicles to run on hydrogen fuel, has raised over £5 million in a funding round. The round was led by Mercia Ventures, which was investing from its own funds and the first Northern Powerhouse Investment Fund (NPIF), and backed by existing investors Equity Gap, the North West Fund and Scottish Enterprise. The new...
Links between the housing crisis and growing immigration are expected to be spelt out by the opposition, despite concerns over racism and the demonisation of immigrants.Opposition Leader Peter Dutton will on Thursday deliver the coalition's reply to the government's 2024/25 budget."I will have something to say about housing and immigration tonight," he told 2GB Sydney."I also think security is very...
NATICK, Mass., May 09, 2024--(BUSINESS WIRE)--Today, Electric Hydrogen announced $100M in corporate credit financing to support manufacturing and deployment of their innovative 100MW electrolyzer plants, which enable the lowest cost production of green hydrogen. The funding was led by HSBC, with participation from J.P. Morgan, Stifel Bank, and Hercules Capital.Electric Hydrogen, headquartered in Natick,...
Hydrogen projects backed by large companies like Fortescue and Woodside are set to be early beneficiaries of the federal budget’s $6.7 billion production tax credit, but one developer says the measure will attract a lot of international investment and could blow past its allocation.Michael Myer, a member of Melbourne’s wealthy Myer family and chairman of Sunshine Hydro, said two projects the...
Everfuel signs Letter of Intent with German industrial offtaker for initial supply of 10,000 tons of green hydrogen per year Denmark’s Everfuel A/S said it plans to use a pipeline to supply up to 10,000 tons of green hydrogen per year to an industrial offtaker in Germany. Under the Letter of Intent (LoI), the shipments will begin in 2028. The undisclosed...
A feasibility study designed to accelerate green hydrogen production and export in South Africa is set to be undertaken by a consortium including DNV and National Gas.After securing a UK Government grant under the South Africa-UK PACT programme, the Nelson Mandela University and Ikigai Group will lead the consortium in collaboration with the country’s Industrial Development Corporation (IDC).South...
As part of a funding package of $7.1 billion for budgeted programs to be administered by the Australian Renewable Energy Agency (ARENA), the Australian government has allocated $2 billion for round two of the Hydrogen Headstart program.Illustration purposes; Archive; Courtesy of Australian Renewable Energy Agency (ARENA) Under this program, projects seeking to produce renewable hydrogen or...
In Short The Situation: The Japanese Cabinet has approved a draft bill to financially incentivize the supply and utilization of low-carbon hydrogen and its derivatives ("Hydrogen Bill") as part of its push to reach net zero by 2050. The Result: The Hydrogen Bill proposes a subsidy scheme whereby eligible projects will receive a top-up payment equivalent to the difference between a fixed or variable...
On 23 November 2023, the European Union launched the first auction for renewable fuel of non-biological origin (RFNBO) hydrogen production under the umbrella of the Innovation Fund, via the European Hydrogen Bank. A EUR 800 million budget is available for bidders (project developers) in this first pilot auction. The call document and the relevant application forms and templates have...