Green Energy Park (GEP) has reached a significant milestone in its endeavor to construct one of the largest hydrogen and hydrogen derivatives production plants globally. The company has finalized a definitive agreement for $30 million in Series-A funding and has secured long-term rights to the hydrogen port terminal facilities in Luis Correia, Brazil. This pivotal step...
Low clearing prices in first European Hydrogen Bank auction reflect fierce competition for green hydrogen subsidies and buyers’ willingness to pay premium Seven hydrogen production projects spanning Spain, Portugal and the Nordic region will share a total of €720m ($768.96m) of subsidies over ten years after submitting...
Spain, Portugal take home most of €720m EU hydrogen award – Euractiv. The European Commission announced on Tuesday (30 April) the winners of its first auction to allocate subsidies for hydrogen production, with most of the €720 million awarded going to projects in the Iberian peninsula. The EU’s Hydrogen Bank is the bloc’s vehicle to support the development of a...
Ukraine sees itself as one of the largest exporters of green hydrogen to the European Union. But it will need serious investment to make it happen. Ukraine’s Energy Minister Herman Galushchenko has long said that renewables will play a major role in the reconstruction of the country. Last year, Ukraine adopted its latest Energy Strategy, which enshrined the country’s green course...
High costs and uncertainty over offtake agreements are delaying project investment decisions, according to Aurora Energy Research The installed capacity of electrolysers in Europe is set to undershoot the EU’s 2030 targets by as much as 76% because of high costs and slow progress in securing offtake agreements, according...
Topsoe will support the front-end engineering and design (FEED) study of a low-carbon ammonia plant in Louisiana, the US.Under a contract signed with CF Industries, Topsoe will license its SynCOR Ammonia™ to combine with carbon capture and storage (CCS) to enable the production of ammonia.The SynCOR tech is expected to perform ammonia production and cost-efficient carbon capture, understood to be the...
The EU has awarded nearly €720m to seven renewable hydrogen projects with a combined electrolysis capacity of 1.5GW in the European Hydrogen Bank’s first subsidy auction.In November 2023, the European Commission launched the pilot auction under the European Hydrogen Bank to support the production of renewable hydrogen in Europe.The European Hydrogen Bank aims to support the scale-up of cleaner fuels...
The EU has awarded nearly €720 million to seven renewable hydrogen projects with a combined electrolysis capacity of 1.5GW in the European Hydrogen Bank’s first subsidy auction. by Craig Richard ...
The project, currently in the feasibility stage, is anticipated to entail the construction of up to approximately 4.5 GW of wind and solar renewable energy resources. May 01, 2024. By Abha Rustagi A consortium comprising Actis, a global investor in sustainable infrastructure, and Fortescue, a global integrated green energy, metals, and technology company, has secured the rights to develop, build,...