The European Hydrogen Bank, a financing instrument that supports renewable hydrogen production within the EU and internationally, has just announced a €1.2 billion investment to help boost the renewable hydrogen economy, a cornerstone of the EU’s strategy to achieve climate neutrality by 2050. While many are focusing on how this can help to meet hydrogen production targets, it’s important to...
Hydrogen Bank
In a joint letter, CEOs from the Renewable Hydrogen Coalition (RHC) have urged European Ministers of Finance to streamline financing to renewable hydrogen and electrolyzer manufacturing capacity within Europe and allocate national budgets to the European Hydrogen Bank.Courtesy of Renewable Hydrogen Coalition (RHC) According to the CEOs, the critical first wave of European renewable hydrogen...
Through this public tender mechanism, the European Commission is creating a financing instrument to promote the development of renewable hydrogen production projects. This auction, for which the deadline for submitting bids will begin in November 2023, has a budget of 800 million euros that will be distributed among the different developers as a fixed premium per kg of verified renewable hydrogen, in...
greendcThe First National Bank of Omaha wanted to ensure that its data center couldn't be knocked offline by a tornado or power outage. So in 1999 it built a new data center in the underground levels of its Omaha building, encased in concrete walls that can withstand winds of 260 miles per hour. The facility is also powered by hydrogen fuel cells, operating completely "off the grid.""We built the...
Clean hydrogen, including green hydrogen, is a building block for the energy transition. It can potentially eliminate the world's reliance on fossil fuels, especially in hard-to-abate sectors, and contribute to achieving net zero emissions. We can produce green hydrogen by harnessing renewable energy sources like wind and solar power. As low-income countries and vulnerable populations experience...
The European Hydrogen Week 2023 features a four-day high-level policy conference and forum which will bring together policymakers and hydrogen stakeholders to discuss the latest developments, challenges and opportunities in the sector. This afternoon, the event will launch with a video message from President von der Leyen and a keynote speech by Executive Vice-President Maroš Šefčovič on...
Clarity on clean hydrogenOur mission is to deliver engaging and independent business journalism and insight to executives and leaders in the global clean hydrogen industry. We focus on delivering the news and analysis that matters, fearlessly looking beyond the hydrogen hype to provide a balanced view of the market, giving readers the knowledge they need to make critical business decisions. Source link...
The European Commission will inaugurate this week its much anticipated Hydrogen Bank in order to support the increase of renewable hydrogen in the EU's energy mix. ADVERTISEMENTThe idea is to make €800 million available from European funds to help the industry and at the same time, incentivise private investment.Green hydrogen is expected to play a key role in decarbonising the EU so that...
OCBC Malaysia head of investment banking and managing director Tan Ai Chin. KUCHING (June 9): OCBC Bank (Malaysia) Berhad (OCBC Malaysia), a leading financial institution pioneering multiple award-winning sustainable financing solutions, has positioned itself to contribute to the development of green hydrogen, taking cognizance of the challenges faced by the industry which is still in its nascent...
European Commission President, Ursula von der Leyen has announced plans for a second European Hydrogen Bank auction round, with a total value of €3bn ($3.28).Speaking virtually at the start of European Hydrogen Week in Brussels today (November 20), von der Leyen said the second round would launch in spring 2024 in a bid to reduce the cost gap between renewable and fossil hydrogen.“In spring 2024, we...