BMW receives €270 million in funding for hydrogen propulsion

BMW receives €270 million in funding for hydrogen propulsion

BMW receives €270 million in funding for hydrogen propulsion BMW is the only German manufacturer relying on hydrogen as a drive technology. The government is providing more than €270 million in funding for this. However, the technology still has to overcome several hurdles. The German federal government and the state of Bavaria are funding a hydrogen project by automaker...

China key hydrogen market, says GE Vernova

China key hydrogen market, says GE Vernova

China key hydrogen market, says GE Vernova GE Vernova views China as a crucial market for commercializing hydrogen power, with the company’s top executives pointing to the nation’s unique capacity to scale up new energy technologies and its ambitious carbon neutrality goals as the primary drivers. The US-based energy company is positioning its advanced gas turbine fleet...

India’s Green Hydrogen Ambitions Face Reality Check

India’s Green Hydrogen Ambitions Face Reality Check

Uncertain demand signals and high costs are holding back India’s green hydrogen goals and plans, the Institute for Energy Economics and Financial Analysis (IEEFA) said in a briefing note on Friday, days after a senior Indian official warned the country would miss its 2030 green hydrogen production target. Most projects to produce green hydrogen – via electrolysis using renewable...

Egyptian hydrogen project attracts Singapore’s Destiny 

Egyptian hydrogen project attracts Singapore’s Destiny 

Singaporean company Destiny Energy plans to invest $210 million to build facilities in Egypt’s Suez Canal Economic Zone (SCZone) that will produce 100,000 tonnes of green hydrogen and green ammonia per year. The company unveiled the plan during talks in Cairo on Wednesday with Hossam Heiba, CEO of the General Authority for Investment and Free Zones, Egypt’s cabinet said in a...

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