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...
The European Commission has published this week the draft terms and conditions of the 4th hydrogen auction. According to the document, the European Hydrogen Bank will launch the auction by the end of this year, with a proposed budget of €500 million ($571.6 million). Around €350 million will be allocated to support the production of renewable fuels of non-biological origin (RFNBO) hydrogen,...
The European Hydrogen Bank’s fourth auction (IF26) will take place by the end of this year, with a total budget of 500 million euros – less than half the 1.3 billion allocated for the third auction, to be phased out in December 2025. After the rumours from recent weeks, the European Commission has officially...
The Spanish government has allocated an additional €415m ($484m) to national green hydrogen auctions, expanding the programme after awarding funds to two projects.Set to be awarded through the Auction-as-a-Service (AaaS) mechanism, the funds will be directed to green hydrogen production and use projects. €278.6m ($325m) will be directed towards production for any sector,...
Hy2gen Nordic AS, a subsidiary of the global renewable hydrogen producer Hy2gen, has announced that its Albatros renewable hydrogen project has been selected for support under the European Hydrogen Bank (EHB), recognising the project's potential contribution to Europe's energy transition, industrial decarbonisation, and renewable hydrogen economy. Wiesbaden-based...
The European Commission is preparing to launch the fourth auction of the European Hydrogen Bank (EHB), the EU’s main instrument for supporting growth in the sector, which was launched in 2023 as part of the REPowerEU plan – an initiative launched in the wake of the energy crisis following Russia’s invasion of...
ITM Power shares closed Friday at €1.48, perched in a technically significant zone. The stock sits roughly 10% below its 50-day moving average of €1.64 but remains comfortably above the 200-day average at €1.01. The relative strength index reads 39.5 — just shy of the oversold threshold that often triggers algorithmic buying. With annualised 30-day volatility approaching...
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