MUSCAT: Oman’s clean hydrogen development drive has gained international recognition with Hydrom joining the Hydrogen for Development Partnership (H4D), a global initiative led by the World Bank Group and its Energy Sector Management Assistance Programme (ESMAP) to accelerate the deployment of hydrogen and its derivatives in emerging markets and developing economies.Established in...
Hyundai HTWO Guangzhou named China hydrogen leader Hyundai Motor Group said its hydrogen fuel cell production unit in China, HTWO Guangzhou, has been designated a “leading industrial chain enterprise” in the hydrogen energy sector by the Guangzhou municipal government, strengthening the company’s position in the world’s largest clean-energy market. According to the...
Subject green hydrogen production facility, with a total investment of EUR 600mn, is currently under construction in Lower Austria Green hydrogen from the facility will support the decarbonization of OMV’s Schwechat refinery while contributing to Europe’s energy transition At 140 MW, the facility will rank among Europe’s largest green hydrogen plants and become Austria’s largest of its...
The European Investment Bank (“EIB”) has granted a EUR 450 million loan to support the construction of OMV’s green hydrogen production plant, which is set to significantly contribute to the decarbonization of the Schwechat refinery in Lower Austria.With a total investment of EUR 600 million, this 140 MW plant in Bruck an der Leitha is currently under construction and scheduled to commence...
Rendering of OMV’s 140MW green hydrogen production facility....
OMV has secured a €450 million loan from the European Investment Bank (‘EIB’) to help finance a large-scale green hydrogen production facility in Bruck an der Leitha in Lower Austria. The EIB said the loan covers nearly three-quarters of the project’s projected €600 million investment cost and represents its largest-ever investment in Austria’s energy sector. OMV said the...
The fourth European Hydrogen Bank auction will offer €500m ($572m) in subsidies, down more than 60% from previous budgets, with funding split between green and low-carbon electrolytic hydrogen.With bidding set to open later this year, draft terms published by the Commission show the auction’s core design remains largely unchanged, with production subsidies of up to €4/kg...
IFC – the World Bank’s private sector financing arm – has announced its first investment in India’s green hydrogen industry. Its $25m equity investment will feed into a wider $105m package for Hygenco Green Energies, an Indian hydrogen supplier. NZI Climate Solutions Summit | 23 June | London | register here German conglomerate Siemens AG’s financial services subsidiary will also...
The European Commission is expected to publish the draft terms and conditions of the fourth auction of the European Union Hydrogen Bank (EHB) before the end of June. According to Hydrogen Europe, the auction will be launched before the end of the year. The association recommends more flexible deadlines for entry into operation and stricter criteria for financial close, while enabling coordinated use of...
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