While celebrating May Day this year, many people may have missed what could turn out to be a major piece of news for Finland's future.It was the announcement of a 45-million-euro grant in aid by the EU's European Hydrogen Bank to the Finnish company Nordic Ren-Gas, which aims to build a production plant for renewable fuels in Lahti.The company was judged to be the most competitive of the hundreds of...
Hydrogen Bank
NATICK, Mass., May 09, 2024--(BUSINESS WIRE)--Today, Electric Hydrogen announced $100M in corporate credit financing to support manufacturing and deployment of their innovative 100MW electrolyzer plants, which enable the lowest cost production of green hydrogen. The funding was led by HSBC, with participation from J.P. Morgan, Stifel Bank, and Hercules Capital.Electric Hydrogen, headquartered in Natick,...
On 23 November 2023, the European Union launched the first auction for renewable fuel of non-biological origin (RFNBO) hydrogen production under the umbrella of the Innovation Fund, via the European Hydrogen Bank. A EUR 800 million budget is available for bidders (project developers) in this first pilot auction. The call document and the relevant application forms and templates have...
As the hydrogen debate shifts from talk to action, Europe is laying the infrastructure foundations of a future supported by hydrogen. This versatile energy carrier has been billed as “an increasingly important piece of the net zero emissions by 2050 puzzle” by the International Energy Agency (IEA), one that can help resolve some of our critical energy challenges. But while Europe has the capacity...
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...
When it comes to hydrogen specifically, there are archaic attitudes to this disruptive, high-potential technology that must be overcome. The bottom line is that, while China leads in battery, solar, and e-mobility technology, Europe still maintains a competitive advantage in hydrogen and should exploit this advantage to ensure its global competitive down the line. Jorgo Chatzimarkakis is Chief Executive...
Speech by Simson at the International Hydrogen Colloquium European Commission Source link...
Energy transition highlights: Our editors and analysts bring you the biggest stories from the industry this week, from renewables to storage to carbon prices. Time is running out to get on track with Europe's ambitious 2030 hydrogen production targets as developers due to take final investment decisions battle macroeconomic headwinds, industry representatives said at the...
The European Hydrogen Bank’s pilot auction is delivering €720 million ($768.3 million) to seven renewable hydrogen projects in Finland, Norway, Portugal and Spain. Together, they plan to produce 1.58 million tons of renewable hydrogen over a period of 10 years. May 1, 2024 Patrick JowettThe European Commission is awarding nearly €720 million to seven renewable hydrogen projects in Europe. The...