Low Bid Shock in First European Hydrogen Bank Auction

Low Bid Shock in First European Hydrogen Bank Auction

Some €720 million ($773 million) has been awarded to seven green hydrogen and ammonia projects under the first pilot auction of the European Hydrogen Bank (EHB), an EU financing vehicle to help accelerate the growth of hydrogen production in the bloc. The results of the auction are interesting in what it says about the massive cost...

H2 MOBILITY and BASF forge ahead with construction of hydrogen refuelling station

H2 MOBILITY and BASF forge ahead with construction of hydrogen refuelling station. H2 MOBILITY Deutschland and BASF are jointly investing in the construction of an H2 refuelling station in Frankenthal. With the delivery of important core components, a milestone has been reached on the way to completing the plant. In the presence of Frankenthal’s Lord Mayor Dr Nicolas Meyer,...

Hydrogen-focused investment trust finds success in private companies

Hydrogenone's portfolio companies have been buoyed by investment in the hydrogen space.Hydrogenone Capital Growth, the investment trust focused on cash into clean hydrogen, has reported a strong performance of its underlying holdings, even though its share price has struggled.The trust’s net asset value (NAV) has grown 0.6 per cent since the start of the year, and 3.6 per cent since March 2023, it...

Steel giant ArcelorMittal under fire for alleged hydrogen subsidy misuse | Hydrogen

ArcelorMittal, one of the world’s leading steelmakers, is facing scrutiny over its commitment to decarbonisation, as a recent report from advocacy group SteelWatch reveals that the company has only invested one third of the $1.5 billion it pledged towards decarbonisation efforts between 2021 and 2023.The steel giant, which produces emissions equivalent to Belgium’s entire output, had estimated a $10...

Green Hydrogen Fuel Systems Market Pioneers Eco-friendly

Green Hydrogen Fuel Systems MarketThe Report on "Green Hydrogen Fuel Systems Market" provides Key Benefits, Market Overview, Regional Analysis, Market Segmentation, Future Trends Upto 2030 by Infinitybusinessinsights.com. The report will assist reader with better understanding and decision making.Overview of Green Hydrogen Fuel Systems Market: The green hydrogen fuel...

ArcelorMittal facing scrutiny over hydrogen subsidy use | Steel

Steel major ArcelorMittal is under scrutiny for allegedly misusing subsidies intended for green hydrogen and decarbonisation pledges while simultaneously delivering record returns to shareholders.A report by steel advocacy group, SteelWatch, has alleged ArcelorMittal is “failing in its claim” to be a climate change leader by spending just one-third ($500m) of the $1.5bn it pledged to invest into...

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