Hyundai will increase its hydrogen bus capacity by a factor of six in South Korea this year, with expectations that it can quadruple sales on the back of increased government subsidies, according to the respected Korean publication Maeli Business Newspaper. Annual production capacity for hydrogen buses at the Korean automaker’s factories in the city of Jeonju is increasing from 500 to 3,000. Hyundai...

The total support requested far exceeds the currently available budget of €800 million, provided by the Innovation Fund. Kurt Vandenberghe, Director-General for Climate Action, said: “The applications are in and the enthusiastic market response to the pilot auction shows the European hydrogen industry is ready to scale up! Renewable hydrogen is an important solution in Europe’s endeavour to...

European green hydrogen producers could be in line to receive tens of millions of euros per year in free allowances under the EU’s carbon trading mechanism, analysts tell Hydrogen Insight. Earlier this month, the EU finalised rules that allow producers of green steel — which use clean production methods such as hydrogen-based direct-reduced iron (H2-DRI) and electric arc furnaces — and green...

Swiss energy services provider Alpiq and Finnish green hydrogen firm P2X Solutions have agreed on a financing arrangement according to which Alpiq will invest approximately €47 million in P2X, becoming its majority owner (54.9%). Alpiq revealed the company has the option to increase its shareholding to up to 100% by the end of 2028, adding that P2X will be managed on a partnership basis and...

Vireon, a subsidiary of Norwegian Hydrogen and a prominent hydrogen refueling company in the Nordics, has clinched a substantial EU grant of €9.2 million (NOK 106 million). The grant is earmarked for the establishment of green hydrogen production and refueling stations for heavy-duty vehicles across Finland and Denmark, signaling a significant advancement in Vireon’s...

South Korea’s sole hydrogen bus manufacturer Hyundai Motor Co. is set to boost its hydrogen bus production capacity sixfold in 2024 after sales of electric buses made in China surpassed those for domestically made ones for the first time. According to industry sources on Sunday, Hyundai Motor‘s Jeonju plant recently ramped up its annual production capacity for hydrogen buses to 3,000 units, up from...

Deutsche Bank continues its support of the German-Australian Hydrogen Alliance  Addresses worldwide Source link...

Engie – With the mosaHYc project, ENGIE has reached the first milestone in its goal of building 700 km of hydrogen transport networks in Europe by 2030. mosaHYc is a ~90 km cross-border hydrogen pipeline project with Germany. It represents a total investment of €110 million, of which €40 million will be borne by GRTgaz. GRTgaz, an independent subsidiary of the ENGIE...

Green hydrogen has garnered huge interest from policymakers as well as the industry. In an interview with DH’s Gyanendra Keshri, EY India Partner Kapil Bansal, who specialises in energy transition and decarbonisation, talks about economic viability, opportunities, and challenges in the green hydrogen sector. Excerpt: How do you see the commercial viability of green hydrogen? The economic viability of...

Pioneering Glasgow start-up secures milestone £1 million funding to revolutionise hydrogen energy sector. A pioneering University of Glasgow spinout looking to revolutionise the hydrogen energy sector has secured more than £1 million in funding. The investment will be seen as a significant vote of confidence in Clyde Hydrogen and its ground-breaking technology that...