The EU has awarded nearly €720 million to seven renewable hydrogen projects with a combined electrolysis capacity of 1.5GW in the European Hydrogen Bank’s first subsidy auction. by Craig Richard ...
The project, currently in the feasibility stage, is anticipated to entail the construction of up to approximately 4.5 GW of wind and solar renewable energy resources. May 01, 2024. By Abha Rustagi A consortium comprising Actis, a global investor in sustainable infrastructure, and Fortescue, a global integrated green energy, metals, and technology company, has secured the rights to develop, build,...
In the relentless quest for sustainable and green energy solutions, a groundbreaking discovery by researchers led by Ryuhei Nakamura from the RIKEN Center for Sustainable Resource Science (CSRS) in Japan has signaled a monumental shift. The team’s innovative development of a longer-lasting earth-abundant catalyst for Proton Exchange Membrane (PEM) electrolysis presents a promising leap towards...
HRS Obtains The Support Of The BPI With A Eur 1,35 Million Grant For Innovation And International Development – Hydrogen Refueling. HRS, a French designer and manufacturer and European leader in hydrogen refueling stations, is proud to announce that it has received exceptional funding of €1.35 million from Bpifrance. This strategic financial support is aimed at accelerating...
European Hydrogen Bank auction provides €720 million for renewable hydrogen production in Europe – Hydrogen Economy. Today, the Commission is awarding nearly €720 million to seven renewable hydrogen projects in Europe, selected through the first competitive bidding process under the European Hydrogen Bank.The funds for this auction come from the revenues of the EU...
The European Commission has recently awarded almost €720 million to seven renewable hydrogen projects in Europe through a highly competitive bidding process of the European Hydrogen Bank. The funds for this auction come from the revenues of the EU Emissions Trading System. The winning bidders, selected from a pool of 132 bids, will produce renewable hydrogen in Europe and receive a subsidy to bridge...
Global law firm Clifford Chance has advised long-standing client Actis, a leading global investor in sustainable infrastructure, on a joint venture with Fortescue, a global integrated green energy, metals and technology company, in connection with the bid and subsequent award for the rights to develop, build, own and operate a large green hydrogen project in Oman. The Actis-Fortescue consortium has been...
With energy consumption on the rise, the US has a goal of 100% carbon-pollution-free electricity by 2035. How can energy technology like the hydrogen fuel cell help achieve these targets? These cells, powered by the simplest and most abundant element in the universe, offer a compelling alternative to conventional power sources, converting hydrogen into electricity through a clean...