Oort Energy receives £5m startup funding for green hydrogen decarbonization Energy Revolution Ventures (ERV), a company that specializes in electrochemistry, led the oversubscribed $5 million seed financing raise for Oort Energy, a UK-based manufacturer of next-generation hydrogen electrolysers. These monies supplement the approximately £800,000 in non-dilutive subsidies that various UK and EU government agencies have given to the company. Strategic corporate investor and Asia-based decarbonization fund TRIREC are significant investors in the seed round. The money will go toward expanding the business’s electrolyzer stack manufacturing factory and deploying the first demonstrator that is entirely compliant with all regulations for producing…
Author: Anela Dokso
In a significant economic development announcement, Governor Jim Justice revealed a new hydrogen manufacturing project coming to West Virginia.
Polish natural gas transmission system operator GAZ-SYSTEM and Danish TSO Energinet have signed a Memorandum of Cooperation, solidifying their commitment to driving the energy transition and strengthening regional energy security in Europe.
Pakistan is set to embark on its first Green Hydrogen project in Thatta through a strategic collaboration with China. The Sindh government has issued a letter of intent, and a vast area of 7,000 acres near the Gharo Jhimpir wind corridor has been allocated for this groundbreaking initiative.
India Hydrogen Alliance (IH2A) has presented a comprehensive plan to the Indian government, outlining the establishment of five large national green hydrogen corporations by 2030.
Norwegian high-tech electrolyser company, Hystar, has secured its first commercial contract with Polish energy giant, Polenergia, marking a significant milestone in the advancement of green hydrogen technology.
Petrobras, the Brazilian oil company, has entered into a two-year non-binding confidentiality agreement with chemical company Unigel to explore joint ventures focused on the development of projects related to green hydrogen and other low-carbon opportunities.
CMB.TECH and Ford Trucks have announced an exciting partnership to convert Ford F-Max trucks into dual fuel hydrogen trucks using groundbreaking hydrogen technology.
Chemours and BWT FUMATECH have recently unveiled their joint venture, THE Mobility F.C. Membranes Company GmbH, which aims to manufacture fuel cell and humidifier membranes for vehicles.
Plug Power, a global leader in turnkey hydrogen solutions, has announced a groundbreaking partnership with Energy Vault Holdings, to provide 8 MW of hydrogen fuel cell stationary power for emergency backup in Calistoga, California.