For a long time, global energy was dominated by the oil found in the Persian Gulf. This is now changing. The spotlight is shifting to a different source of energy that is being called the Gulf’s “new oil.” The numbers that are being spoken about are quite something. Trillions of liters every year. What could the green oil in the Persian Gulf be? Drilling is not being considered to...
Key PointsPlug Power is a leader in the hydrogen fuel cell market.While revenue has grown substantially, the company has incurred massive operational losses.Plug is building an end-to-end green hydrogen ecosystem, but mainstream adoption could be a decade or two away.Plug Power(NASDAQ: PLUG) is a pioneer in the commercialization of hydrogen fuel cell technology. The company has deployed more than 72,000...
India has strengthened its clean energy transition by updating the National Green Hydrogen Mission. The mission aims at achieving production of 5 million metric tonnes of green hydrogen annually by 2030, for which as much as almost 125 gigawatts of new renewable energy capacity will be required. In addition, more than Rs 8 lakh crore investments are likely to be attracted, and over six lakh jobs would...
The development of the hydrogen energy industry has been driven by demand from application sectors, including scenarios ranging from hydrogen vehicles to power usage. Although global hydrogen vehicle sales have declined over the past two years, Japan... Source link...
Avendus Capital is managing the primary equity raise for the deal, which has an equity value of around $125 million and an enterprise value of around $250 million. IFC plans to invest $50 million equity in the company, with the remaining $75 million to be invested by Siemens AG and Fullerton Fund Management. The deal documentation is underway, and the transaction is expected to...
Here’s what you’ll learn when you read this story:Researchers have been trying to find a more efficient method for pulling hydrogen out of water. Hydrogen storage can energize power grids.Now scientists are turning to wastewater as a viable source of hydrogen. They have discovered a way to extract hydrogen more cleanly than before.This new method could cut costs of hydrogen energy significantly,...
India's green hydrogen ambitions are faltering due to slow project commissioning, driven by inadequate infrastructure and unclear demand signals, a U.S.-based energy think tank said in a note on Friday. Despite strong investor interest, 94% of the country's planned green hydrogen capacity remains at the announcement stage, the Institute for Energy Economics and Financial Analysis said in the note,...
Representational image. Credit: Canva This year’s MSGBC Oil, Gas & Power 2025 conference, scheduled for December 8–10 in Dakar, Senegal, will include a specialized session titled Green Hydrogen: Advancing Africa’s Advantage and the Rise of Regional Production Alliances. The session will focus on the growing green hydrogen industry within the MSGBC basin, new regional...
For generations, Alfonso Campos’s family has raised sheep in the grasslands of San Gregorio, a tranquil area in Magallanes province, in the far south of Chile’s Patagonia region. Now, he says, his farm will be encircled by three massive containers of ammonia, a desalination plant, a hydrogen plant, gas pipelines and hundreds of wind turbines.“If the ammonia leaks, it will poison everything,” he...
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