New world speed record of 406 mph set with hydrogen-powered JCB supercar in Utah

New world speed record of 406 mph set with hydrogen-powered JCB supercar in Utah

A new land speed record was set today in Utah by British driver Andy Green, driving a specially designed JCB Hydromax car, which reached 406.320 miles per hour. The milestone was set in the bright yellow tubular vehicle, powered by two hydrogen internal combustion engines, which Green calls the “fuel of the future” at the Bonneville Salt Flats in Utah. He easily beat the previous...

Thyssenkrupp Nucera Shelves SOEC Scale-Up Plans

Thyssenkrupp Nucera Shelves SOEC Scale-Up Plans

milar at €450 million-€500 million. The strain is concentrated in green hydrogen. The company trimmed that unit’s sales outlook to €100 million-€130 million from €120 million-€170 million, while its Chlor-Alkali business (equipment used in chemical production) kept its outlook unchanged and order intake is still expected at €550 million-€670 million. Zoom out, and the decision looks...

Thyssenkrupp Nucera Cuts 2026 Outlook After Axing SOEC Plans

Thyssenkrupp Nucera Cuts 2026 Outlook After Axing SOEC Plans

Editorial & Advertiser disclosure Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes...

4 Leading Hydrogen Energy Firms See Revenue Decline, Critical “Subsidy Ailment” Demands Industry Cure

4 Leading Hydrogen Energy Firms See Revenue Decline, Critical “Subsidy Ailment” Demands Industry Cure

The hydrogen energy industry's subsidy dependency syndrome has emerged, leading enterprises in the sector to record losses, while hundreds of billions of yuan in subsidies have triggered inter-enterprise lawsuits. Recently, Foresee Energy noted that Foshan Feichi has filed a lawsuit against Yihuatong, involving 194 million yuan. This is no ordinary payment dispute: the two sides are fighting over who is...

the SA-H2 Fund raises 185 million dollars for green hydrogen –

the SA-H2 Fund raises 185 million dollars for green hydrogen –

The SA-H2 Fund has secured an initial funding of 3 billion rand, or about 185 million dollars, to support the development of green hydrogen projects and its derivatives in South Africa. Managed by Climate Fund Managers, the vehicle aims for a final size of 12 billion rand by mid-2028.The fund announced this first financial closure in a statement released on Thursday, August 6. The capital is to be used...

Hydrogen Storage: CB&I’s Non-Vacuum Liquid Hydrogen Tank Milestone at NASA Marshall

Hydrogen Storage: CB&I’s Non-Vacuum Liquid Hydrogen Tank Milestone at NASA Marshall

CB&I completed the first fill of its non-vacuum liquid hydrogen tank at NASA Marshall, advancing efforts to commercialize lower-cost, large-scale hydrogen storage.With hydrogen gaining traction as a clean fuel and a key player in industry, one big question looms: how can we store liquid hydrogen efficiently without breaking the bank or complicating things? Recently, CB&I hit a notable milestone...

Sweden’s Smoltek, Heraeus to test low-iridium PTE for hydrogen

Sweden’s Smoltek, Heraeus to test low-iridium PTE for hydrogen

Together with Heraeus Precious Metals Smoltek Hydrogen develops next-generation, ultra-low iridium Porous Transport Electrodes (PTEs) for Proton Exchange Membrane (PEM) water electrolysis. As a major milestone in this partnership, the companies will initiate a rigorous 3,000-hour long-term durability test this autumn.In a joint press relase the companies states that the testing campaign will...

Dutch Project Produces First Green Hydrogen On North Sea Gas Platform

Dutch Project Produces First Green Hydrogen On North Sea Gas Platform

PosHYdon platform in the North SeaPosHYdon / The Hague & Partners, 2026An innovative pilot project in the Netherlands - focused on energy transition solutions - has reached a milestone moment of producing its first batch of green hydrogen on an active natural gas platform in the North Sea. The project - PosHYdon - led by a consortium of partners with support of the Dutch Ministry of Economic Affairs...

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