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...
With the world turning to the often overlooked energy-generating power of the renewable energy sector, significant projects that advance the sector are becoming a regular occurrence across the globe. One nation that is advancing progress in the renewable energy sector after years of stagnation is India. Recent reports state that Oswal Energies, a leading renewable energy company, has signed a...
The organisation warns that not all of the near 12 million tonnes of annual production capacity that has been announced could end up being builtHygenco's Project Heartland, commissioned in March 2022 to demonstrate renewables-powered green hydrogen productionPhoto: Hygenco Source link...
Court documents reveal "extensive and complex" work on Green Hydrogen Systems bankruptcy EnergyWatch Source link...
Representational image. Credit: Canva Nel ASA (Nel) has signed an agreement with GreenH to serve as the technology provider for the Enova-supported hydrogen projects in Kristiansund and Slagentangen. GreenH develops, builds, owns, and operates renewable hydrogen production facilities, with a mission to establish a network of distributed production hubs that help decarbonize...
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