Hydrogenone's portfolio companies have been buoyed by investment in the hydrogen space.Hydrogenone Capital Growth, the investment trust focused on cash into clean hydrogen, has reported a strong performance of its underlying holdings, even though its share price has struggled.The trust’s net asset value (NAV) has grown 0.6 per cent since the start of the year, and 3.6 per cent since March 2023, it...
ArcelorMittal, one of the world’s leading steelmakers, is facing scrutiny over its commitment to decarbonisation, as a recent report from advocacy group SteelWatch reveals that the company has only invested one third of the $1.5 billion it pledged towards decarbonisation efforts between 2021 and 2023.The steel giant, which produces emissions equivalent to Belgium’s entire output, had estimated a $10...
Green Hydrogen Fuel Systems MarketThe Report on "Green Hydrogen Fuel Systems Market" provides Key Benefits, Market Overview, Regional Analysis, Market Segmentation, Future Trends Upto 2030 by Infinitybusinessinsights.com. The report will assist reader with better understanding and decision making.Overview of Green Hydrogen Fuel Systems Market: The green hydrogen fuel...
Steel major ArcelorMittal is under scrutiny for allegedly misusing subsidies intended for green hydrogen and decarbonisation pledges while simultaneously delivering record returns to shareholders.A report by steel advocacy group, SteelWatch, has alleged ArcelorMittal is “failing in its claim” to be a climate change leader by spending just one-third ($500m) of the $1.5bn it pledged to invest into...
The BALIS 2.0 Project, led by H2FLY and supported by the German Aerospace Centre (DLR) and Diehl Aerospace, aims to develop and test a high-performance fuel cell system with an output of 350 kW designed for commercial aircraft applications. The 350 kW fuel cell system serves as a basic module to develop hydrogen-electric powertrain systems in the MW-class range, which could power regional aircraft with...
Two CIP projects successful in the first European Hydrogen Bank auction. The two projects are cornerstones in the future decarbonisation of European hard-to-abate energy sectors like shipping and heavy industries. Together, they represent a combined electrolyser capacity of 1,000 MW. Catalina is a hydrogen project with an electrolyser capacity of 500 MW located in Aragon in...
Fortescue officially launches its first US green hydrogen production facility, Arizona Hydrogen, with soil turn ceremony in Buckeye, Arizona. Today, Fortescue marked a new phase in the development of the company’s $550 million venture into green hydrogen production in the United States, the first of Fortescue’s planned green energy investments in North America with a soil...