ACWA Power and Tunisian government partner up for green hydrogen project

ACWA Power, a Saudi developer, investor and operator of power generation, water desalination and green hydrogen plants worldwide, has signed a memorandum of understanding (MoU) with the Tunisian government, represented by the Ministry of Industry, Mines and Energy, to explore the potential for a project that would produce up to 600,000 tonnes per year of green hydrogen in three phases, for export...

Italy allocates funding for hydrogen trains | News

Show Fullscreen ITALY: Funding for the purchase of hydrogen and hydrogen-electric regional trainsets has been announced by the Ministry of Infrastructure & Transport. ‘We confirm our determination to modernise the country, with choices that respect the environment’, said Minister of Transport Matteo Salvini when the allocations were announced on May 22. SSIF, which operates the Italian section...

Earthjustice Applauds Treasury Department’s Hydrogen Tax Credit Guidance

Washington, D.C. — Today, the U.S. Treasury Department released preliminary guidance to clarify which hydrogen projects will be eligible for the 45V tax credit established by the Inflation Reduction Act. Jill Tauber, Vice President of Litigation for Climate & Energy at Earthjustice, released the following statement in response: “We applaud the Biden administration for proposing stringent...

European Commission launches pilot program to enhance hydrogen market growth

BAKU, Azerbaijan, June 4. The European Commission is advancing the development of the European hydrogen market by launching a pilot mechanism under the recently adopted decarbonized gases and hydrogen package, Trend reports. According to the commission, this initiative aims to accelerate investments by providing a clearer picture of the market situation for both off-takers and suppliers and...

The EU seeks to speed up investment in the hydrogen market to achieve climate neutrality and independence from Russian energy sources.

The EU seeks to speed up investment in the hydrogen market to achieve climate neutrality and independence from Russian energy sources. The European Commission announced the beginning of work on a pilot mechanism for developing the hydrogen market. Hydrogen will play an essential role in the EU’s transition to climate neutrality by 2050 and in achieving its goal of becoming independent of...

SLB collaborates with John Cockerill Hydrogen to accelerate clean hydrogen development

(WO) – John Cockerill and its subsidiary John Cockerill Hydrogen announced the signing of binding commitments by SLB, a global energy technology company, SFPIM and Wallonie Entreprendre, two leading Belgian public investment institutions, and international industrial-oriented family offices to participate to a 230M€ capital increase of John Cockerill Hydrogen. SLB is acting as lead investor in John...

Proton Motor finalises follow-up fuel cell order | Technology

Proton Motor Power Systems has completed a follow up order with DB Bahnbau Gruppe for the delivery of hydrogen fuel cell systems.The Deutsche Bahn AG subsidiary will use the fuel cell emergency power system under the customer’s brand name EnerRail H024, boasting a power output of 24kW. After five years of real-world testing and validation by the customer, the order has now been completed.The solution...

Japanese Companies to Launch $1 Billion Fund for Hydrogen Supply Chains

The Suiso Frontier (L), the world’s first ship designed to carry liquid hydrogen, launched in 2019, will be used as part of a hydrogen supply chain pilot project between Australia and Japan. Photo: VCG (Nikkei Asia) — A coalition of more than 400 Japanese companies and organizations plans to set up a $1 billion fund as early as the fiscal half ending September to bolster hydrogen supply chains,...

The Big Hydrogen Cash Grab

As the Biden administration works to finalize implementation guidance for the new clean hydrogen production tax credit, 45V, the fossil fuel industry and a select set of other industry actors are aggressively lobbying to loosen the rules—while everyone else is scrambling to stop them. Here’s why. First, the tax credit is generous. Extremely generous. Borderline obscenely generous. And...

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