Author: Anela Dokso

Hygenco Green Energies has secured $105 million in equity investment from a consortium including International Finance Corporation (IFC), Siemens Financial Services, and Fullerton Carbon Action Fund to accelerate the development of green hydrogen and green hydrogen derivative projects, including green ammonia.

MODEC and Eld Energy have signed a memorandum of understanding to develop a 1.2 MW solid oxide fuel cell based power system integrated with carbon capture, targeting long-duration offshore deployment.

Europe’s electric vehicle transition is increasingly becoming a question not only of transport emissions but of electricity system economics. A new study by Fraunhofer ISI for Transport & Environment (T&E) estimates that weakening EU electric vehicle targets could require the equivalent of 150 additional peaking power plants to compensate for lost flexibility from EV batteries.

The Trump administration has announced more than $700 million in federal support for coal-related energy projects, including funding aimed at extending the life of existing plants, developing new coal generation, and supporting carbon capture initiatives.

Renewable energy developer Sunly and Rolls-Royce Power Systems have signed agreements to develop four utility-scale battery energy storage systems (BESS) in Latvia with a combined capacity of 490 MWh.

Engineering company Studsvik has submitted plans for between 600 MWe and 1,400 MWe of new nuclear capacity near its Nyköping headquarters, while the Swedish government is preparing to increase state involvement in a separate small modular reactor (SMR) project at the Ringhals Nuclear Power Plant site.

Producing one kilogram of hydrogen through conventional electrolysis requires approximately 9 kilograms of water, creating additional pressure on freshwater supplies as electrolyzer deployment expands. UK-based Hychor, a spin-off from the University of Aberdeen, is developing a seawater-based hydrogen production system designed to address this limitation by eliminating the need for freshwater treatment before electrolysis.

The global chemical industry is increasingly shifting from pilot-scale circularity initiatives toward securing commercial volumes of recycled feedstocks, with BASF and Texas-based Encina strengthening their partnership around chemically recycled benzene production.

California’s growing electricity demand and renewable integration challenges are increasing the importance of hybrid solar and battery storage projects capable of delivering both clean energy and grid flexibility. The BigBeau Solar+Storage Project in Kern County is the latest example of this shift, with EDF power solutions North America and Abu Dhabi Future Energy Company, Masdar, securing 15 year power purchase agreements covering output from the 128 MWac solar facility and its 40 MW/160 MWh battery energy storage system.

In the United Arab Emirates, Innovation Platform Capital (iPC) and Intelligent Investment Holding (IIH) have announced a strategic joint venture to develop a large scale green hydrogen production platform aimed at supplying domestic industries while creating future export opportunities.