South Africa has the potential to become a leading producer of green hydrogen. Green hydrogen will be in high demand as countries aim to reduce carbon emissions, especially in sectors like transportation and heavy industries. The country is actively pursuing the Hydrogen Economy as a strategic development opportunity, aiming to capture a significant share of the global hydrogen market thereby...
Hydrogen Bank
The European Hydrogen Bank recently announced the winners of its first competitive auction to provide financial support for renewable hydrogen projects. Among them, Spain-based DH2 Energy’s Hysencia project attracted a great deal of interest for its commitment to green hydrogen production. This announcement testifies to the growing importance of renewable hydrogen in Europe’s...
This report examines the potential role of multilateral development banks (MDBs) in ensuring that Global South producer countries secure sustainable development benefits from green hydrogen development. Green hydrogen and development finance The analysis is founded on a dual rationale. First, it recognises that green hydrogen presents both opportunities and risks for the sustainable...
EU review of 11 existing adequacy decisions European Commission Source link...
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...
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...