Funding Hydrogen

EUROPE: Hydrogen and ammonia bulk carrier projects receive  million Enova funding – Bunkerspot

EUROPE: Hydrogen and ammonia bulk carrier projects receive $49 million Enova funding – Bunkerspot

Norway’s Enova has awarded about $49 million (NOK 490.6 million) for two projects aimed at building bulk carriers using liquid hydrogen or ammonia as fuel. In the first project, Bergen-headquartered LH2 Shipping has received NOK 237.6 million ($23.7 million) for the construction of two 5,000 DWT bulk carriers that will be powered by liquid hydrogen. The 96-metre-long vessels will use fuel cells...

Germany cuts funds for hydrogen in new budget

Germany cuts funds for hydrogen in new budget

Germany cuts funds for hydrogen in new budget Germany’s new government has substantially reduced medium-term funds earmarked for development of a hydrogen economy and the decarbonisation of industry. In its first budget, the government has allocated €1.28bn ($1.46bn) in the 2026-32 period for measures aimed at realising the country’s national hydrogen strategy,...

Germany sharp hydrogen and clean industry budget cuts send “totally wrong signal” – energy industry

Germany sharp hydrogen and clean industry budget cuts send “totally wrong signal” – energy industry

Germany sharp hydrogen and clean industry budget cuts send “totally wrong signal” – energy industry Clean Energy Wire Industry association BDEW, said: The new German government’s spending plans that come with sharp drops in funding for hydrogen projects and industry decarbonisation put the future of the country’s industry at risk, the energy industry...

Elemental Advanced Materials Closes M to Scale Production of Carbon Nanomaterials, Clean Hydrogen, and Recovered Critical Minerals

Elemental Advanced Materials Closes $20M to Scale Production of Carbon Nanomaterials, Clean Hydrogen, and Recovered Critical Minerals

Elemental Advanced Materials, a leader in low-emission carbon nanomaterials and hydrogen production, today announced the close of a $20 million funding round led by Taranis, a climate technology investment firm. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250624054487/en/Elemental's patented, single-step manufacturing process converts...

Hydrogen tax credit fight pits Republicans against oil and gas industry

Hydrogen tax credit fight pits Republicans against oil and gas industry

Seven regional partnerships that want to produce hydrogen fuel are urging the U.S. Senate to preserve hydrogen tax credits. In a letter sent Thursday, June 19, to Senate leadership, the hydrogen hubs asked lawmakers to keep incentives active for hydrogen projects beginning construction through 2029. The hubs include research institutions and companies from oil and gas, renewable energy and electric...

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