Seven projects drop out of EU hydrogen auction, 10 reserves invited Renewables Now Source link...
Hydrogen Bank
August continued the trend of mixed progress and setbacks in Europe’s hydrogen market. In this edition of Hydrogen Compass, we cover how industrial trials in the UK and feasibility studies for cross-border pipelines signal momentum, yet infrastructure delays and regulatory and funding uncertainty continue to hamper timely project development. From data centres challenging hydrogen’s role, to...
The European Commission is awarding nearly €720 million ($774 million) to seven renewable hydrogen projects in Europe, selected through the first competitive bidding process under the European Hydrogen Bank. The winning bidders will produce renewable hydrogen in Europe and secure funds per kilogram of hydrogen produced (Kg/H2). The funds will be sourced from the EU Emissions Trading System...
** Deutsche Bank cuts German electrolysis company Thyssenkrupp Nucera NCH2 to "hold" from "buy", seeing limited upside to its EUR 12 price target after share price recovery** Deutsche Bank says the development of green hydrogen is still lagging behind expectations, with orders postponed** The brokerage cuts its green hydrogen sales forecast by around 30% for FY 2025/26, "assuming a slower market...
Throwback Thursday Story: OMV Builds One of the Largest Electrolysis Plants for Green Hydrogen in Europe Fuel Cells Works Source link...
Introduction Green Hydrogen has been a central pillar of the EU’s energy and climate neutrality strategy since the adoption of the EU Hydrogen Strategy in 2020. This strategy set ambitious targets: by 2030, the EU aims to install at least 40 GW of renewable hydrogen electrolysers and produce up to 10 million tonnes of renewable hydrogen within the EU. The strategic importance of...
The projects, equivalent to 1.88 GW of electrolyzer capacity, were withdrawn after choosing not to continue with the agreement procedure or for being unable to provide a signed completion guarantee. As a result, ten hydrogen projects representing 774 MW in capacity from the reserve list have been invited to prepare...
The planned 140 MW plant will be the largest in Austria, in South-Eastern Europe and among the five largest in Europe Annual production of 23,000 tons of green hydrogen will make a significant contribution to decarbonization of the industrial processes at the OMV refinery in Schwechat Innovative partnership with consortium of OMV, Siemens Energy, and STRABAG OMV is setting another milestone on the...
Double win for Norwegian Hydrogen at Rjukan with funding offers from both the EU Hydrogen Bank and Innovation Norway Arctic Today Source link...
European leadership, Asia’s industrial scale-up, electrolyser cost curves, offshore wind-to-hydrogen, power-to-X value chains, and institutional demand coalesce to set a faster trajectory for low-emissions hydrogen through 2030, with portfolio implications for infrastructure, utilities, mobility, steel and chemicals.Green hydrogen’s step-change in scale is reframing energy investment through 2024...