Syntholene has concluded that its geothermal-integrated hydrogen production platform could achieve production costs one-third those of green hydrogen produced in Europe. Kellogg Brown and Root (KBR), which conducted the financial analysis, estimated Syntholene’s levelized cost of hydrogen (LCOH) at approximately $1.75/kg under best-case Icelandic geothermal scenarios and around $2.10/kg under broader deployment conditions. “Recent unsubsidized estimates of comparable green hydrogen prices across Europe averaged around €6.71/kg H2,” wrote the Chicago-based company, which operates a demonstration facility in northern Iceland. The report also highlighted key risks, including electricity price volatility, long-duration solid oxide electrolyzer cell (SOEC) degradation, stack lifetime assumptions, project-specific capital costs, and operating cost validation. Syntholene is operating a geothermal-integrated SOEC demonstration facility in Húsavík, Iceland. The project combines geothermal heat and power with high-temperature SOEC technology to demonstrate a low-emissions pathway for hydrogen production. The facility aims to validate the technical performance and cost potential of thermally integrated hydrogen production for future synthetic fuel applications. Syntholene says the demonstration marks the first successful operation of a geothermally integrated SOEC hydrogen production system. The company plans to use operational data from the facility to support future commercial-scale deployment of its hydrogen and e-fuel technologies.
Germany’s thyssenkrupp nucera and India’s Bharat Heavy Electricals Limited (BHEL) have signed a strategic collaboration agreement to manufacture alkaline water electrolyzers for green hydrogen projects in India. “Under the agreement, thyssenkrupp nucera and BHEL will work together on the phased localization of alkaline electrolyzer module fabrication in India. The collaboration focuses on establishing local manufacturing capabilities, jointly participating in tendering processes, and supporting green hydrogen project implementation in the Indian market,” the companies said in a statement. Earlier this year, thyssenkrupp nucera partnered with Germany’s Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) to support the development of green hydrogen and Power-to-X markets in India. It was later awarded a front-end engineering design (FEED) study for a 260 MW green hydrogen project by Indian developer Juno Joule.
Airbus and MTU Aero Engines plan to establish a joint venture focused on developing and commercializing a fully electric hydrogen fuel cell engine. “By establishing a dedicated and highly agile organizational setup, the partners aim to accelerate technology development, design, testing and certification of a revolutionary propulsion system for aviation based on a hydrogen fuel cell,” said Airbus. The non-binding agreement is subject to standard regulatory approvals. The joint venture is expected to begin operations in 2027.
French hydrogen producer Lhyfe has taken delivery of 10 new containers from Hexagon Purus, featuring new 84 Type IV tube trailers for hydrogen transport. “This fleet, serving its production sites, partner sites, storage facilities, and transport partners, enabled Lhyfe to surpass 1,000 deliveries in 2025 and supply green hydrogen across nine European countries,” the company said this week. Lhyfe added that it plans to increase its installed hydrogen production capacity by 70% in 2026 from its current 21 MW.
The European Commission has published draft terms and conditions for its fourth hydrogen auction. According to the document, the European Hydrogen Bank will launch the auction by the end of this year, with a proposed budget of €500 million ($571.6 million). Around €350 million will be allocated to support the production of renewable fuels of non-biological origin (RFNBO) hydrogen, while €150 million will support the production of RFNBO hydrogen and/or electrolytic low-carbon hydrogen.
