EU approves €440m investment for Andalucia’s green hydrogen

EU approves €440m investment for Andalucia’s green hydrogen

ANDALUCIA is set to pocket €440 million to turbocharge its fledgling renewable hydrogen industry – in a move experts say will drastically slash CO2 emissions across the region. The European Commission announced this week it had given Spain the green light to unlock the funds, with the Spanish government estimating the measure would cut nearly 1,800 tonnes of CO2. The funding boost...

Climate Tech Startup Newtrace Raises .3 Million to Advance Green Hydrogen Technology

Climate Tech Startup Newtrace Raises $6.3 Million to Advance Green Hydrogen Technology

Climate technology startup Newtrace has secured $6.3 million (approximately Rs 56.93 crore) in a pre-Series A funding round led by HDFC Bank and Mitsui Sumitomo Insurance Venture Capital. The round also saw participation from investors, including Peak XV Partners’ Surge, Aavishkaar Capital, Speciale Invest, Micelio Technology Fund, along with angel investors Manish Prataprai Gandhi and Renu...

EU clears €440 million funding to boost green hydrogen projects in Andalucia

EU clears €440 million funding to boost green hydrogen projects in Andalucia

The European Commission has approved €440 million in funding for Andalucia to support the development of its renewable hydrogen sector, a move expected to significantly reduce carbon emissions in the region, The Olive Press reported. The approval allows the Spain government to release the funds to expand green hydrogen production. Officials estimate the project could prevent nearly 1.8 million...

IFC Backs Paraguay’s First Green Hydrogen Fertilizer Plant in Clean Industry Investment

IFC Backs Paraguay’s First Green Hydrogen Fertilizer Plant in Clean Industry Investment

The International Finance Corporation (IFC), a member of the World Bank Group, has signed debt financing agreements for the Villeta Green Fertilizer Project, a groundbreaking initiative that will establish one of the world’s first commercial-scale fertilizer plants powered by clean hydrogen. Developed by ATOME PLC, the project will be located in Villeta, Paraguay, and aims to transform...

German hydrogen strategy needs to be corrected

German hydrogen strategy needs to be corrected

Federal agency proposes to check plans for compliance with reality Germany’s hydrogen strategy needs to be adjusted in order to achieve its 2030 targets for domestic production of green hydrogen. This was stated by the country’s Federal Audit Office. As emphasized in a special report by the president...

Larson Announces 0,000 in New Federal Funding to Grow Connecticut’s Hydrogen and Fuel Cell Industry and Invest in American-Made, Affordable Clean Energy

Larson Announces $350,000 in New Federal Funding to Grow Connecticut’s Hydrogen and Fuel Cell Industry and Invest in American-Made, Affordable Clean Energy

Windsor, CT – Today, Rep. John B. Larson (CT-01) announced $350,000 in new federal funding for CONNSTEP at Infinity Fuel Cell and Hydrogen, Inc. in Windsor, to strengthen the competitiveness of Connecticut’s small and medium-sized manufacturers and grow the state’s hydrogen and fuel cell energy industry.  View the full press conference here. “As a founding member and co-chair of the...

Sky-high oil prices are about to hit Puerto Rico’s grid

Sky-high oil prices are about to hit Puerto Rico’s grid

Even a marginal rise in power bills could mean hardship in Puerto Rico, where the median household income is around $26,000 a year, less than one-third of the U.S. median. Already, the island faces some of the highest electricity prices in the U.S. Faraway energy shocks have caused prices to climb in Puerto Rico before....

GeoPura to power clean energy future with record Lower Thames Crossing hydrogen deal

GeoPura to power clean energy future with record Lower Thames Crossing hydrogen deal

British hydrogen innovator GeoPura has today been announced as the supplier of the largest volume of green hydrogen ever produced for a British construction project, the Lower Thames Crossing. National Highways’ Lower Thames Crossing project will be the first major British infrastructure project to be carbon neutral in construction. A key part of this ambition is replacing diesel with hydrogen,...

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