Plug Power Sells .2 Million in Federal Tax Credits from Louisiana Hydrogen Facility

Plug Power Sells $39.2 Million in Federal Tax Credits from Louisiana Hydrogen Facility

Plug Power said June 2 it has closed on the sale of a federal Investment Tax Credit (ITC) for ~$39.2 million associated with its hydrogen liquefaction facility in St. Gabriel, LA, (#17 in map below) operated through Hidrogenii, its joint venture with Olin Corp. The St. Gabriel facility was commissioned in April 2025 and can liquefy up to 15 tons of hydrogen per day.Plug said the monetization is part of...

Hygenco Raises 5 Million from IFC-Led Consortium to Scale Green Hydrogen, Green Ammonia Projects and Create 1,000 Jobs in India

Hygenco Raises $105 Million from IFC-Led Consortium to Scale Green Hydrogen, Green Ammonia Projects and Create 1,000 Jobs in India

Hygenco Green Energies has secured $105 million (about ₹900 crore) in fresh equity from a consortium led by the International Finance Corporation (IFC), Siemens Financial Services and Fullerton Carbon Action Fund, marking one of the largest private capital commitments to India's emerging green hydrogen sector.The funding is expected to accelerate the development of multiple green hydrogen and green...

SET Select Energy books first capacity for Hamburg ammonia import terminal | Hydrogen News

SET Select Energy books first capacity for Hamburg ammonia import terminal | Hydrogen News

Energy and commodity trader SET Select Energy has booked capacity for a planned 600,000 tonne-per-year ammonia import terminal in Hamburg.The company becomes the first to sign terms for the MB Energy facility and could bring in an unspecified amount of the molecule, produced in India by Juno Joule.MB plans to construct an ammonia storage tank and upgrade an existing vessel and...

Clean Power Hydrogen says hydrolyser damage too severe to repair

Clean Power Hydrogen says hydrolyser damage too severe to repair

Clean Power Hydrogen said on Friday that it had suspended work on factory acceptance testing for its MFE220 1MW electrolyser after concluding that damage from a recent test-site incident was too severe to repair and that the unit would require substantial redesign.The AIM-traded green hydrogen technology company said the incident occurred during a standard shutdown procedure in the third and final stage...

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