“We see hydrogen as a key solution for implementing decarbonisation of hard-to-abate industries such as steel, chemicals and heavy transport,” Alfred Wong, a partner overseeing impact investing at Templewater, said in an interview. “Hysata’s technology can significantly reduce the cost of green hydrogen production.”Alfred Wong leads Templewater’s decarbonisation and impact investment...
Hydrogen Funding
Hydrogenone's portfolio companies have been buoyed by investment in the hydrogen space.Hydrogenone Capital Growth, the investment trust focused on cash into clean hydrogen, has reported a strong performance of its underlying holdings, even though its share price has struggled.The trust’s net asset value (NAV) has grown 0.6 per cent since the start of the year, and 3.6 per cent since March 2023, it...
The BALIS 2.0 Project, led by H2FLY and supported by the German Aerospace Centre (DLR) and Diehl Aerospace, aims to develop and test a high-performance fuel cell system with an output of 350 kW designed for commercial aircraft applications. The 350 kW fuel cell system serves as a basic module to develop hydrogen-electric powertrain systems in the MW-class range, which could power regional aircraft with...
Germany’s Federal Ministry for Digital and Transport (BMDV) today announced the launch of the BALIS 2.0 Project. Dr Volker Wissing, Federal Minister for Digital and Transport, awarded the funding document for the further development of fuel cell systems for regional aircraft to the consortium during the project kick-off at Stuttgart Airport. The BALIS 2.0 Project, led by H2FLY and supported by the...
Provaris Energy secures $3 million facility from Macquarie; launches $2 million share purchase plan. Seeking to provide a funding alternative for its hydrogen development plans in 2024/25, Provaris Energy Ltd (ASX:PV1, OTC:GBBLF) has secured a two-year A$3 million convertible note facility with Macquarie Bank Ltd, while also launching a A$2 million share purchase plan (SPP)...
Stuttgart, May 6, 2024 – The Federal Ministry for Digital and Transport (BMDV) today announced the launch of the BALIS 2.0 Project. Dr Volker Wissing, Federal Minister for Digital and Transport, awarded the funding document for the further development of fuel cell systems for regional aircraft to the consortium during the project kick-off at Stuttgart Airport. The BALIS 2.0 Project, led by...
The AusHETS project is designed to provide advice and support to startups and small to medium enterprises (SMEs) to transition to hydrogen. The AHC thanked the Federal Minister for Industry and Science, Ed Husic, for the funding, delivered as part of the Department of Industry, Science and Resources (DISR)’s Industry Growth Program: Industry Partner Organisation (IPO). The AusHETs project...
Four South Korean entrepreneurs who met while studying for their doctorate degrees in the US have raised $220m in the past three years from a string of blue-chip investors to help shipping bring ammonia fuelling closer to reality. The quartet, who united at the Massachusetts Institute of Technology, is behind Amogy, a company now proving a technology that can let ships use ammonia in fuel cells. Source...
Estonian green hydrogen company announces the successful completion of its seed funding round, raising €42 million. The financing round is led by an equity investment by UG Investments and grant financing from IPCEI (Important Project of Common European Interest) framework for hydrogen technologies but also includes other investors and grants. Stargate Hydrogen’s technology is fundamentally...
Joe Clark, who heads Lewis County Transit, thinks hydrogen could be the future of transit, especially here.The agency got a $1.8 million grant from the fund to install a micro-sized hydrogen electrolyzer, which will use electricity to split water molecules into hydrogen and oxygen.“For longer range, in rural America or rural Washington, where we are today, we...