Indian conglomerate Adani, which is chaired by billionaire Gautam Adani, is in talks with at least six international banks to secure up to $3bn in loans to support green hydrogen projects in India, according to reports. The news come just a year after its green hydrogen partnership with French oil giant TotalEnergies collapsed amid allegations of fraud against Adani, which the Indian company denies,...
The IssueChevron's low-carbon spending is the lowest of its integrated major peers in both absolute and percentage terms. But Chevron can't be accused of strategic inconsistency. The company has stood by the targets for the three main pillars of its low-carbon strategy — biofuels, carbon capture and hydrogen — first unveiled in...
Cornell University – Cryptocurrency mining, green hydrogen form ‘dynamic duo’ to thwart climate change. Pairing cryptocurrency mining – notable for its outsized consumption of carbon-based fuel – with green hydrogen could provide the foundation for wider deployment of renewable energy, such as solar and wind power, according to a new Cornell Engineering...
© T. Schneider / Shutterstock.com © T. Schneider / Shutterstock.com Raven SR has secured $15m in investment from Ascent Funds and has also promoted Matt Scanlon to President and Interim Chief Financial Officer (CFO).In addition to this, the recently appointed Stuart McFarland has been elected as the Chairman of the Board of Directors with Mark Gordon, Chief Investment Officer of Ascent Funds, as...
The Republican-dominated legislature in the US state of Oklahoma — which continues to legislate against climate-mitigation measures — is set to introduce a new subsidy for hydrogen producers and users in the state. Senate Bill 1428 is offering an “investment rebate payment” equal to 6.25% of the capital expenditure (capex) of a hydrogen project, providing that total capex is more than $800m, and...
European Commission encouraged by high demand for production subsidies offered through first pilot of European Hydrogen Bank auction The European Commission aims to launch a second auction of electrolytic hydrogen production subsidies by the end of the year after an initial pilot auction was heavily oversubscribed. The...
The hydrogen industry has continued steady growth despite macroeconomic headwinds. Some 860 kilotonnes (kt) per annum of clean hydrogen supply is operational globally today, out of which about 710kt is low-carbon hydrogen primarily in North America, and the remainder is renewable hydrogen.The pipeline of mature hydrogen project proposals continues to grow, with over 1,400 projects now announced across...
By Nickson Bukachi NAIROBI, Kenya, April 2 – As the world grapples with the urgent need to transition towards sustainable energy sources, Kenya is embracing innovative solutions to address its energy needs. One such promising solution is green hydrogen, long overlooked as a potential alternative energy and raw material source for industrial, transport, and domestic...
Ballard announces $54 million of additional funding support, bringing total US federal funding to $94 million for Ballard’s fuel cell Gigafactory in Texas. Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) announced it has been awarded $54 million of investment tax credits from the U.S. Internal Revenue Service as part of the Qualifying Advanced Energy Project Tax Credit (48C),...
South Korea wants to be a world leader in hydrogen vehicles, with a goal of 300,000 units on its roads by 2030, up from 34,260 today. But sales of hydrogen-powered cars plummeted to a new low in January, with only two units sold across the country, according to the Ministry of Trade, Industry and Energy — a 99.4% fall compared to the same month in 2023 — despite the widespread availability of...