Market Movers Europe, April 29-May 3: Bids for green hydrogen and wind underway; quarterly results roll in across commodities

This week, the clean hydrogen market will be closely watching the results of the EU’s first European Hydrogen Bank auction on Tuesday. The European Commission has allocated Eur800 million to support renewable hydrogen production projects on a fixed premium over 10-year contracts, with a price ceiling of Eur4.50/kg. The auction was oversubscribed with 132 bids from projects in...

Romania Hosts 3rd Jive Hydrogen Bus Roadshow in Central Eastern Europe this Spring

Romania Hosts 3rd Jive Hydrogen Bus Roadshow in Central Eastern Europe this Spring. Romania hosts the third hydrogen bus roadshow this spring as part of the JIVE projects supported and funded by the Clean Hydrogen Partnership, followed by Greece, Bosnia Herzegovina, and Bulgaria. A hydrogen fuel cell bus will be made available at the beginning of May 2024 for testing...

Two green hydrogen projects worth RO4.2bn to be set up in Dhofar

Muscat – Hydrom, the sultanate’s green hydrogen orchestrator, announced signing two new green hydrogen projects in Dhofar worth RO4.2bn (US$11bn) on Monday. The signings follow the successful completion of Hydrom’s second round of auctions taking the total hydrogen production in Oman to 1.38mn tonnes per annum (mtpa) by 2030.  The first agreement was signed with a consortium consisting of...

DOE advisory panel offers ‘sobering’ view on hydrogen

A Department of Energy advisory committee said Tuesday that the nascent “clean” hydrogen industry is not growing fast enough to meet U.S. climate goals, a conclusion that Energy Secretary Jennifer Granholm called “sobering.” According to a new report from the National Petroleum Council (NPC), the hydrogen industry won’t generate enough supply and demand for the emerging low-to-zero carbon...

Global shift in green steel projects as major investments move beyond Europe into Asia

“We see an encouraging trend that green steel investment announcements are spreading globally with more and more projects outside the EU. However, this positive development for green steel needs to further accelerate as new investments in unmitigated coal-based blast furnaces are still being made in growing economies despite their large emissions”, commented Max Åhman, Associate Professor...

Powering ahead with green hydrogen

Green hydrogen power is inching forward with more trial projects and research on the boil   Photo: Crown research institute GNS Science is about to officially open its new green hydrogen lab in Lower Hutt. One day it could contribute to making sure that small rural communities cut off by disaster can still power through, with stored green hydrogen used to establish a kind of...

Government Subsidies for the Green Steel Transition

Executive Summary The global steel industry is responsible for 11 percent of global greenhouse gas emissions due to its reliance on coal. Companies and countries worldwide are investing private and public funds to clean up the steel industry. LeadIT’s Green Steel Tracker has documented 89 decarbonization announcements in the steel industry as of...

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