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...
Company reports revenue growth of 103% in fourth quarter and 240% for full yearNorthStar Gaming Holdings Inc. (TSXV: BET) (OTCQB: NSBBF) ("NorthStar" or the "Company") today released its financial results for the year ended December 31, 2023. All dollar figures are quoted in Canadian dollars."We delivered very strong growth in our first full year of operations, with revenue and customers increasing...
The Marjan oil refinery construction site in Saudi Arabia (Courtesy of Hyundai E&C) Large-scale overseas construction projects boosted major Korean builders’ quarterly results while lackluster domestic construction work, coupled with higher labor and raw material costs, hurt their profitability, government data showed.According to the Financial Supervisory Service’s public disclosure system,...
Christoph Noeres, head of green hydrogen at ThyssenKrupp Nucera, which makes electrolyzers, at the company’s headquarters in Dortmund, Germany, March 20, 2024. Nucera, a subsidiary of ThyssenKrupp, Germany’s venerable steel producer, is landing major deals for electrolyzers, which produce clean-burning hydrogen from water. (Felix Schmitt/The New York Times)...
Lisa Moughan, Director of Marketing – November 6, 2023 Hydrogen is in the clean energy spotlight – but its success rests largely in the ability to address hydrogen storage. Generally, one of the most challenging aspects in the energy sector isn’t necessarily producing the energy as much as it is in storing it and transmitting it. The ability to get the power where it needs to be and storing it...
The Netherlands Agency Enterprise (RVO) has granted RWE a funding commitment of 124.9 million euro for its Eemshydrogen project. Eemshydrogen is a project to build a 50-megawatt electrolysis plant at RWE's site in Eemshaven to produce green hydrogen. RWE plans to operate the electrolyser with green electricity from its Westereems wind farm, which is located only around 5 kilometres from...