The two companies say the bridge financing will support near-term liquidity, while their project joint venture continues raising long-term project funding. The loan of an undisclosed amount was arranged by Danish bank Nordea and Sumitomo Mitsui Banking Corporation, with partial guarantee from Denmark’s state-owned export and investment fund EIFO. European Energy Deputy CEO, Jen Peter Zink, said the...
A New Chapter in PartnershipYou ever notice how agreements from years back can still shake things up in today’s clean-energy scene? Plug Power—the U.S. specialist in hydrogen production solutions—just locked in a 15-year Release Event License Agreement with retail heavyweight Walmart. Instead of handing over precious IP, Plug Power is giving Walmart conditional access to its GenKey System...
It might seem like a dicey time for building decarbonization in the U.S., where edifices and the energy they consume account for about a third of the nation’s annual carbon pollution. Republicans in Congress have cancelled tax credits that would have helped households save big on clean energy upgrades. The Trump administration...
Hyundai Senior VP Talks China-ROK Cooperation in Hydrogen Energy Source link...
Indian Railways, along with the Research Designs and Standards Organization, has completed preparations for the train’s maiden journey between Jind and Sonipat. According to local reports, the train will travel up to 180km using 369kg of hydrogen at a speed of up to 110km per hour. The Indian government has hailed the hydrogen-powered train as the world’s longest, with ten coaches, and the most...
In the coastal town of Loviisa, Finland, home to Fortum’s nuclear power plant and key industrial sites, Fortum has pulled off something pretty exciting—they produced their first batch of green hydrogen production at the Kalla Test Center. This €17 million pilot isn’t just a milestone; it’s Fortum’s opening act toward full-scale hydrogen plants, fitting neatly into their bigger push to speed...
Those in the energy sector, like everyone else, could not stop talking about artificial intelligence this year. It seemed as if every week brought a new, higher forecast of just how much electricity the data centers that run AI models will need. Amid the deluge of discussion, an urgent question arose again and again: How can we prevent the computing boom from hurting...
Rail Manufacturer Designs Transitional Train Platform Ready for Hydrogen Conversion Source link...
Up to 20 hydrogen-powered buses were previously planned to operate in the UK city. However, the authority concluded that global hydrogen supply constraints and high costs made them less practical. Instead, the LCRCA will convert the fleet to battery-electric buses, adding to the electric vehicles already on order as part of its wider bus network overhaul. “The move to further expand the fully-electric...
ZeroAvia has secured fresh funding led by Barclays Climate Ventures, Breakthrough Energy Ventures, Ecosystem Integrity Fund, Horizons Ventures, Summa Equity and AP Ventures, with strong support from the UK’s National Wealth Fund and Scottish National Investment Bank. This new backing stretches our cash runway into 2027, turbocharging the move from prototype to industrial-scale hydrogen-electric...
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