According to a new report published by Allied Market Research, the electrolyzer market size was valued at $3 billion in 2022 and is projected to reach $34.4 billion by 2032, growing at a CAGR of 27.2% from 2023 to 2032. The increasing focus on green hydrogen production, rapid expansion of renewable energy infrastructure, and supportive government policies for...
The EU Commission has approved Germany’s replacement €5bn ($5.9bn) industrial decarbonisation scheme covering green hydrogen and carbon capture, utilisation and storage (CCUS) ventures.Through a cost-competitive bidding process, the scheme will fund projects that deliver emissions cuts of at least 50% within four years and 85% by the end of a 15-year contract...
Iberostar and Redexis Commission World's First Green Hydrogen Fuel Cell in a Hotel at Mallorca Resort Fuel Cells Works Source link...
Nel ASA launches pressurized alkaline electrolyser targeting 40-60% cost cuts, betting on affordability to revive stalled hydrogen projects despite a 73% drop in Q1 orders. After eight years in development, Nel ASA has unveiled a pressurized alkaline electrolyser platform that promises to slash system costs by 40 to 60 percent — just as the Norwegian company faces a brutal...
It was March that South Korea’s LOTTE Fine Chemical announced that it has successfully completed the world’s first commercial cross-border import of green ammonia. Then on April 23, the Ulsan Port Authority announced the successful completion of the world’s first ammonia bunkering operation involving a gas carrier at the port – a world first port-to-ship ammonia...
The European Commission has awarded more than €1 billion in funding to nine hydrogen production projects across Europe, in a move aimed at accelerating the bloc’s clean energy transition, strengthening industrial competitiveness and reducing emissions in hard-to-abate sectors. The projects, selected under the third auction of the European Hydrogen Bank (EHB), are located in seven countries...
Via the third auction of the European Hydrogen Bank the European Commission has selected 9 projects, with a total installed capacity of more than 1 GW (1,083.5 MWe), which will be able to produce 1.32 million tonnes of green hydrogen during the first 10 years of operation, receiving total incentives of EUR 1.09 billion,...
Nine electrolytic hydrogen projects representing 1.1GW of capacity have been selected for over €1bn of funding under the third European Hydrogen Bank auction.The projects were awarded per kilogramme subsidies of between €0.44 ($0.52) and €3.49 ($4.11), with two Norwegian developments focused on supplying shipping securing the most lucrative incentives.The funding from the...
Brussels, 7 May 2026 Today, the European Commission has selected nine hydrogen production projects under the third auction of the European Hydrogen Bank (EHB). Across seven countries in the European Economic Area, the projects are expected to provide almost 1.1 giga-watts of electrolyser capacity and produce over 1.3 million tonnes of hydrogen over their first...
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