The project, currently in the feasibility stage, is anticipated to entail the construction of up to approximately 4.5 GW of wind and solar renewable energy resources. May 01, 2024. By Abha Rustagi A consortium comprising Actis, a global investor in sustainable infrastructure, and Fortescue, a global integrated green energy, metals, and technology company, has secured the rights to develop, build,...
Hydrogen Projects
The European Commission has recently awarded almost €720 million to seven renewable hydrogen projects in Europe through a highly competitive bidding process of the European Hydrogen Bank. The funds for this auction come from the revenues of the EU Emissions Trading System. The winning bidders, selected from a pool of 132 bids, will produce renewable hydrogen in Europe and receive a subsidy to bridge...
The Marjan oil refinery construction site in Saudi Arabia (Courtesy of Hyundai E&C) Large-scale overseas construction projects boosted major Korean builders’ quarterly results while lackluster domestic construction work, coupled with higher labor and raw material costs, hurt their profitability, government data showed.According to the Financial Supervisory Service’s public disclosure system,...
Romania Hosts 3rd Jive Hydrogen Bus Roadshow in Central Eastern Europe this Spring. Romania hosts the third hydrogen bus roadshow this spring as part of the JIVE projects supported and funded by the Clean Hydrogen Partnership, followed by Greece, Bosnia Herzegovina, and Bulgaria. A hydrogen fuel cell bus will be made available at the beginning of May 2024 for testing...
“We see an encouraging trend that green steel investment announcements are spreading globally with more and more projects outside the EU. However, this positive development for green steel needs to further accelerate as new investments in unmitigated coal-based blast furnaces are still being made in growing economies despite their large emissions”, commented Max Åhman, Associate Professor...
Aurora Energy Research says it has recorded a sharp increase in green hydrogen projects, with 90% of them in early phases of development, while E.ON says that Germany’s hydrogen ramp-up is stuck due to an investment backlog. April 26, 2024 Sergio MatalucciAurora Energy Research said in its “Q2 2024 European Hydrogen Market Report” (HyMaR) that the global pipeline for hydrogen electrolyzer projects...
Japan’s biggest utility, JERA, is looking to invest in low-carbon hydrogen and ammonia projects in the Middle East, in addition to buying their output. JERA has established a division for investing in such plants. Tsuyoshi Oyama, who heads the unit’s Australia and Middle East activities, said facilities that can produce around 1 million tons a year of "blue”...
ITM Power strikes deal with Hygen for PME electrolyser supply. ITM Power PLC on Friday said it has been named Hygen Energy Ltd’s, preferred supplier for proton exchange membrane electrolysers, under a new partnership deal. The Sheffield, England-based designer and manufacturer of electrolysers for green hydrogen production said the PEM electrolysers it will be supplying is...
Nel ASA – Hy Stor Energy places gigawatt capacity reservation for Mississippi Clean Hydrogen Hub. Nel ASA (Nel, OSE:NEL) partners with Hy Stor Energy on the Mississippi Clean Hydrogen Hub (MCHH) and receives a capacity reservation for more than 1 gigawatt of alkaline electrolysers. Håkon Volldal, Nel’s President and CEO, said: We are thrilled to partner with Hy...
ITM Power is working closely with Hygen and group companies RYZE and Wrightbus ITM Power is working closely with Hygen and group companies RYZE and Wrightbus ITM Power has struck a partnership with Hygen to become the preferred supplier for Proton Exchange Membrane (PEM) electrolysers for major hydrogen projects within the UK and across Europe.Hygen, a leading developer, producer and asset owner of...