Author: EnergyNews.biz Newsroom

The European Commission has awarded up to €40.3 million in funding to PaperShell under the EU Innovation Fund, supporting the industrial scale-up of a fossil-free composite material designed to compete with aluminum, plastics, and glass fiber. The financing will enable the construction of a flagship production facility in Tibro, Sweden, marking a transition from pilot-scale manufacturing to full industrial deployment.

A €330 million financing package for two large-scale battery energy storage systems in Belgium underscores the growing role of storage in Europe’s power markets, with renewable developer Storm securing backing from institutional investors including The Belgian Infrastructure Fund, PMV, and TINC, alongside a syndicate of commercial banks.

Namibia is positioning its green hydrogen strategy alongside China’s 15th Five-Year Plan for 2026 to 2030, signaling a shift from project-level cooperation toward broader industrial alignment.

India has commissioned approximately 8,000 tonnes per annum of green hydrogen production capacity as of February 2026, marking an early-stage milestone under the National Green Hydrogen Mission.

The Basque government has initiated a feasibility study to assess a potential secondary hydrogen pipeline from the Enagás trunk line to Irun, a move aimed at linking Euskadi’s growing green hydrogen production to France.

The US energy storage sector set a new benchmark in 2025, deploying 18.9 gigawatts of capacity totaling 51 gigawatt-hours across utility-scale, residential, and commercial segments, according to the latest US Energy Storage Monitor from Wood Mackenzie and the American Clean Power Association.

The United Kingdom’s carbon capture and storage ambitions continue to scale, with bids submitted for more than 2 million acres of seabed in the latest licensing round led by the North Sea Transition Authority.

Carbon allowance prices in North America highlight a growing divergence in climate policy design, with California credits assessed at $29.19 per allowance compared to $65.26 in Washington state, where tighter supply has driven higher costs.

The UK’s low-carbon hydrogen pipeline has added another permitted project, with Uniper receiving planning approval for its Humber H2ub Green facility, a 120MW electrolytic hydrogen plant intended to supply industrial demand from the end of the decade.

Porsche is restructuring its electric vehicle battery sourcing strategy in South Korea, mandating that all models sold in the market use locally produced battery cells, a move that reflects both regulatory pressure and shifting consumer expectations in one of Asia’s most scrutinized EV markets.