The US Department of Energy (DOE) allocated US$9.3 million in federal funding to six green hydrogen projects earlier this week (11 June) to support the clean energy carrier’s adoption. The projects will focus on advancing hydrogen systems that convert various waste feedstock materials into clean energy with superior environmental performance to help achieve the Biden-Harris Administration’s...
Hydrogen Funding
(Bloomberg) -- Hive Hydrogen South Africa is seeking to lure some of Japan’s biggest companies to invest in a $5.9 billion green ammonia project.Most Read from BloombergSenior officials from units of Mitsubishi UFJ Financial Group Inc., Itochu Corp., Mitsubishi Heavy Industries Ltd. and Mitsui OSK Lines Ltd. will visit the proposed site of the plant in Eastern Cape province next week to assess whether...
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Freeport East received funding from Innovate UK yesterday (10 June) and a similar sum from Australia’s Department of Climate Change, Energy, the Environment, and Water, to help develop an international green hydrogen maritime project. The Hydrogen Zero Emission Maritime (HyZEM) project received £1.44 million from Innovate UK, the country’s national innovation agency, and investment from Australia...
UK's Freeport East hydrogen project gets UK, Australian funding Quantum Commodity Intelligence Source link...
Freeport East has welcomed significant investment in an international green hydrogen project to drive decarbonisation in the maritime sector. The Hydrogen Zero Emission Maritime (HyZEM) project will receive £1.44million from Innovate UK and a similar sum from Australia’s Department of Climate Change, Energy, the Environment and Water. HyZEM focuses on developing low-carbon green...
Versogen has been named one of a select few Delaware recipients for U.S. Department of Energy funding to continue the research and manufacturing of clean hydrogen. | PHOTO COURTESY OF VERSOGEN NEWARK — Versogen, a startup firm that is making strides in the production of clean hydrogen, is slated to receive a portion of $4.7 million as part of a regional effort to tap into a carbon-free fuel...
Plug Power's stock price shot up Tuesday on the news that the federal Department of Energy had committed to provide the hydrogen fuel cell system manufacturer with a $1.6 billion loan guarantee.On Tuesday afternoon, the company's stock was trading almost 25% higher than when the market closed Monday, when shares were $2.90. At 2:30 p.m., the stock was trading at...
Versogen to see federal funding for hydrogen research – $4.7 million. Versogen, a startup firm that is making strides in the production of clean hydrogen, is slated to receive a portion of $4.7 million as part of a regional effort to tap into a carbon-free fuel source. The spin-off company was named as one of four Delaware institutions identified by the U.S. Department of...
Today, the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) announced a conditional commitment to Plug Power Inc.’s (Plug) subsidiary, Plug Power Energy Loan Borrower, LLC, for an up to $1.66 billion loan guarantee to help finance the construction of up to six facilities across several states to produce clean hydrogen utilizing the company’s own electrolyzer technology. Advancing...