The services will pertain to financial advisory for project development in Köping Hydrogen Park and will be provided by the European Investment Bank (EIB) free of charge. This support, comparable to a grant, will provide invaluable expertise to the development of Köping Hydrogen Park when it comes to furthering the project...
Hydrogen Bank
Germany will be the first member state to take part in the new EU mechanism ‘Auctions-as-a-service’ of the European Hydrogen Bank, with the federal government providing an additional €350 million for electrolyzer projects in Germany.Courtesy of the European Commission; Credit: Mauro Bottaro These are in addition to the €800 million that the EU Innovation Fund provides for projects across...
You are currently accessing Business Green via your Enterprise account. If you already have an account please use the link below to sign in. If you have any problems with your access or would like to request an individual access account please contact our customer service team. Phone: +44 (0) 1858 438800 Email: Source link...
To meet the global target for clean hydrogen of 10-15% of energy use by 2050 we need to produce 40m tonnes by 2030. The rich OECD countries simply do not have the renewables resources to do it alone. So there must be a global effort to actively support hydrogen production in Emerging Markets and Developing Countries (EMDCs), explain Carolina Lopez Rocha and Dolf Gielen at the World Bank Group and Ignacio...
Germany is becoming the first Member State to participate in the EU’s Auctions-as-a-Service scheme under the European Hydrogen Bank. Through participating in the European Hydrogen Bank, Germany is set to make €350m available from its national budget for hydrogen production in the country. This investment is on top of the €800m already foreseen for European projects from the EU Innovation...
European firms sign deals to support new hydrogen production facilities reports Edison Energy update
The momentum that got underway in Q4 is set to increase as EU regulations now require green hydrogen producers to source renewable electricity through power purchase agreements. Under the European rules, eligible facilities must be no older than 36 months, and government aid cannot be used to subsidise the facility. The milestone news is tempered somewhat by ongoing renewable project permitting and grid...
Situation In 2015, at the 21st Conference of the Parties in Paris, 195 countries signed a legally binding agreement to engage in outlining and implementing national strategies to keep global warming “well below 2°C above pre-industrial levels.” Achieving this target will require a monumental change in how we use and consume materials and energy. Energy is one of the most carbon-intensive...
The region has a far higher market share than any other and is continuing to invest heavily in hydrogen capacity and infrastructure Western Europe holds a nearly 50% market share of active hydrogen projects, more than double its closest competitor (Asia, with 20%, according to the GEI database). For decades, Western Europe...
The European steel industry needs five million tonnes of green hydrogen a year to fully decarbonise and the European Hydrogen Bank (EHB) funding mechanism is not furnished with enough cash to achieve this, Europe’s steel production trade association has told Hydrogen Insight. Steel producers need green hydrogen to cleanly extract iron from ore through the direct-iron reduction (DRI) process, in place...
ESG Economist - Mining hydrogen? Not so fast… ABN AMRO Bank Source link...