Seven projects across Finland, Norway, Portugal and Spain are set to receive a total of EUR 720 million ($771.6 million) in the inaugural award of the European Hydrogen Bank, a European Union funding program to scale up hydrogen production. “The winning bidders will produce renewable hydrogen in Europe and will receive a subsidy to bridge the price difference between their production costs and...

Japan’s energy major JERA has announced the start of full-scale operations by its subsidiary JERA Energy India, established to widen business opportunities in the Indian market, which is expected to continue to grow in the future. According to JERA, the subsidiary will be primarily responsible for information-gathering on renewable energy, green hydrogen and ammonia, LNG to power, as well as...

A file photo of KOC Partners with KBR Consulting for Renewable Energy and Green Hydrogen Feasibility Study Kuwait Oil Company (KOC) has embarked on a strategic partnership with KBR Consulting Company to conduct a comprehensive feasibility study on renewable energy and green hydrogen initiatives. This groundbreaking agreement underscores KOC’s commitment to advancing...

Hydrogen And Fuel Cell News Flash For May 01, 2024 - FuelCellsWorks Press enter to begin your search error: Alert: Content is protected !! We use cookies to ensure that we give you the best...

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...