China oil and gas major Sinopec has unveiled a $690m venture capital fund to support early-stage hydrogen investments and technologies.The fund will be managed by Sinopec Private Equity Fund Management, a wholly owned subsidiary of Sinopec Capital.The announcement provides further evidence of China’s pre-eminent position in hydrogen and follows $321m of funding from the Chinese finance...
Halifax will convert four city buses to be powered by hydrogen and diesel for a pilot project aimed at finding out whether the technology could be a good fit to expand into the fleet.Regional council approved the funding for the hydrogen-diesel demonstration on Tuesday. The city is spending about $122,500 with $367,500 coming from the province's Clean Fuels Fund.Cities across Canada have started...
Sweden’s cleantech company Plagazi has received a €29.5 million grant from the EU Innovation Fund for ‘Gävle Circular Park,’ its flagship project described as a key part of efforts to advance the development of local value chains across several sectors, including hydrogen transport, CO2 transport and storage, and renewable energy integration.Courtesy of the European Commission; Credit:...
Starmer sees potential Open-access push to revive Wales to London link gains some steam, despite rail nationalisation If nationalisation has put the brakes on open-access passenger rail operations, then the Wrexham, Shropshire and Midlands Railway didn’t get the memo. The operator is seeking to launch… 27 May 2025 /* */ Source link...
The province is announcing more funding for several new green hydrogen projects. This comes as part of the second round of funding from the province’s Clean Fuels Fund. “Nova Scotia is seizing the tremendous opportunities we have to develop and use low-carbon and renewable fuels to power our industries and businesses,” said Energy Minister Trevor Boudreau. “Through the Clean Fuels...
Hyundai Motor Group is stepping up its game in future mobility and clean energy with the launch of its newest startup accelerator, ZER01NE Fund III. Announced on May 26, 2025, the fund comes with a hefty KRW 125 billion (roughly USD 93 million) backing—aimed at supporting cutting-edge startups that are shaking things up in AI, robotics, cybersecurity, and especially hydrogen energy...
Representational image. Credit: Canva The Ministry of New and Renewable Energy (MNRE), under the Government of India, has issued detailed guidelines for a joint call for proposals in partnership with the European Union. The initiative is part of the EU-India Trade and Technology Council (TTC), specifically under Working Group 2 focused on Green and Clean Technologies. This...
EU Awards €1B for 15 Green Hydrogen Projects Fuel Cells Works Source link...
The hydrogen industry in Europe is gradually emerging from a challenging period marked by several bankruptcies and significant business divestitures. Recent announcements of substantial European funding indicate a new dynamic of consolidation around industrial groups equipped to handle demanding economic and competitive conditions. This revival comes as the sector continues to face major...
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