Hy2gen will jointly identify the potential for generating renewable hydrogen from offshore wind energy in collaboration with Ocean Connect Energy (OCE).Under a Memorandum of Understanding (MOU), the two companies will explore, evaluate and develop suitable sites for Hy2gen to produce renewable hydrogen and its derivatives from offshore wind energy in “the gigawatt range,” which OCE is developing in...
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This week, green hydrogen startup Hysata raised a whopping $111 million and Rize bagged funds to decarbonize rice production. Elsewhere, the Ocean 14 Capital Fund announced more than $200 million in ocean health investment, and Uber scooped up Delivery Hero’s Taiwan business for nearly $1 billion. Mimic’s robot. Image credit: Mimic Foodtech funding 🇺🇸 ByHeart raises $95m to support...
Low emission hydrogen is expected to play an important role in global decarbonisation, though costs today are very high and must come down. Economies of scale will help, but production is yet to pick up pace as there are inadequate ‘demand signals’ which result in financial risks for project developers. Kapil Narula and Luciano Caratori of Climate Champions Team, Laurent Antoni at IPHE, and Nigel...
News Colombia could use its vast hydroelectric potential to help jumpstart the country's nascent green hydrogen economy, a leading academic told BNamericas. Universidad de Antioquia in Medellín and state-run oil company Ecopetrol are in the early stages of preparing a pilot that would utilize small-scale hydroelectric power to produce hydrogen for local industries and potential...
For more hydrogen news: https://www.hydrogenfuelnews.com/featured-news/ Plug Power has secured a substantial $1.66 billion loan guarantee from the U.S. Department of Energy to develop up to six green hydrogen production facilities. This financial move aligns with President Biden's goals to bolster U.S. manufacturing and foster a clean energy economy. The initiative is part of the broader Justice 40...
Because the report focuses on policy and technology in place today, analysts took a relatively narrow view of industrial decarbonization. They estimated the potential emissions reductions from the two technologies with direct policy support: carbon capture and clean hydrogen. Carbon capture systems remove CO2 from an existing facility’s waste gases. For instance, in Indiana, U.S. Steel is installing...
Tokyo-based banking and financial services company Mizuho Financial Group announced today a new goal to provide JPY 2 trillion (USD$13 billion) in financing for the production and supply of hydrogen and related technologies by 2030. According to the company, the new goal reflects a growth in funding needs for the hydrogen sector, a key component for decarbonization in several...
Fiona Simon, Australian Hydrogen Council (centre) and Martijn Coopman, Port of Rotterdam (right) speaking at the World Hydrogen Summit.Photo: Sustainable Energy Council Source link...
While celebrating May Day this year, many people may have missed what could turn out to be a major piece of news for Finland's future.It was the announcement of a 45-million-euro grant in aid by the EU's European Hydrogen Bank to the Finnish company Nordic Ren-Gas, which aims to build a production plant for renewable fuels in Lahti.The company was judged to be the most competitive of the hundreds of...