Saudi utility company ACWA Power and US-based Air Products have completed construction of the $8.5 billion green hydrogen project at Oxagon in NEOM, with commercial operations expected to begin in 2027. The NEOM Green Hydrogen Company (NGHC), a joint venture between ACWA Power, Air Products and NEOM, is now commissioning the facility, ACWA Power CEO Samir Serhan said during a recent earnings call with...
Firefly Aerospace posts record Q2 revenue but remains unprofitable with improved losses.Firefly Aerospace reported a record Q2 revenue of $117.7 million, a 657% increase from the previous year, driven by strong growth and acquisition of SciTec. Despite this, the company remains unprofitable, with an adjusted loss of $0.42 per share, bet... Source link...
The Government has confirmed it has set aside $30 million in Regional Infrastructure Funding for projects that will help grow the hydrogen sector. Regional Development, Resources, and Associate Energy Minister, Shane Jones says hydrogen has huge potential to become a valuable part of a diversified and resilient renewable energy future for New Zealand. The Minister made the funding allocation...
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Hydrogen is often presented as a clean fuel capable of transforming heavy industry, shipping and long-distance transport. Yet whether hydrogen actually reduces emissions depends less on the word “hydrogen” than on how its production is counted. A new study by Glenk, Holler and Reichelstein argues that carbon-accounting rules can fundamentally reshape the economic incentives facing hydrogen...
Photo Credit: Getty Images Los Angeles is moving ahead with a controversial energy project that critics say could lock residents into decades of higher costs and continued pollution. On Aug. 4, the Los Angeles City Council voted to allow the Los Angeles Department of Water and Power to continue with a roughly $1 billion...
GWM projects R$20 million in sales of hydrogen-powered trucks in Brazil in 2026 after the first refueling at a new hub in Bahia Fueling at Senai Cimatec inaugurates a new cycle of GWM’s hydrogen program in Brazil, which now also includes the first commercial sales of the truck. • The company is already negotiating with seven centers and private companies in the country, in...
The development of hydrogen and its use in the energy sector are nowhere near the targets set by the European Union. In 2024, a total of 308 MW of electrolyser capacity was operating in the EU – only a fraction of the 6 GW target set out in the European hydrogen strategy. The EU is also falling short of its 2024 hydrogen production target.The reality of hydrogen development in the European Union is...
UK energy regulator Ofgem will provide an additional £500,000 ($672,000) of funding for feasibility studies into underground hydrogen storage in North Yorkshire.The cash from the regulator’s Strategic Innovation Fund (SIF) will support gas operator Northern Gas Networks (NGN) to conduct geological feasibility assessments for a storage system that could supply hydrogen to...
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