Author: Anela Dokso

Banks may soon classify loans for electric vehicles and renewable hydrogen under priority sector lending (PSL). According to a report in the Economic Times (ET), several banks have urged the move to the Reserve Bank of India (RBI). According to the reports, banks allegedly advised the RBI that classifying these loans as priorities will assist close the “financing shortages” in these industries. Additionally, it will aid banks in achieving their PSL goals. Currently, banks are mandated to lend to priority industries for 40% of their total loan. Eight sectors currently qualify for loans using the PSL procedure. They consist of…

The first green hydrogen project by Statkraft, Trecwn Green Energy Hub, will be developed in the UK. The Hub is the first of numerous projects Statkraft has in mind that will employ local knowledge and expertise, create jobs, and aid in the transition of transportation from using dirty fuels to more environmentally friendly ones. The Pembrokeshire plant would produce about three tonnes of green hydrogen every day and is expected to be built on the site of a defunct rail transfer shed. This can power a single bus for more than 40,000 miles, or the equivalent of 350 trips from…

PepsiCo Australia will begin testing a hydrogen-powered heavy-duty vehicle at one of its manufacturing facilities in Brisbane in collaboration with Pure Hydrogen. PepsiCo will receive a 160kW hydrogen fuel cell Prime Mover truck from Pure Hydrogen. Additionally, it will incorporate more hydrogen fuel and refueling as needed. Additionally, Pure Hydrogen will offer upkeep and repair services. This is a portion of the experiment that will last six months and start in the second half of 2023. The trial’s goal is to show how Hydrogen Fuel Cell Vehicles (HFCV) can be used on a large commercial basis. For the Fast-Moving Consumer…

Atkins, a subsidiary of the SNC Lavalin Group, was recently contracted by INEOS to create a world-scale low carbon hydrogen production at the company’s Grangemouth, Scotland, location. INEOS has made major investments at its Grangemouth complex since acquiring it in 2005, and the planned hydrogen plant, scheduled for operation in 2030, will further reduce carbon emissions by more than a million tons annually. The use of the Scottish Cluster’s CCS infrastructure is crucial to INEOS’s Hydrogen programme. The carbon dioxide produced at the hydrogen factory will be piped directly offshore, where it will be sequestered in underground rock formations well…

Vopak is getting ready to store green ammonia at the Vlissingen terminal right now. For this purpose, two 55,000 cbm capacity chilled LPG storage tanks already in existence can be adapted. There is access to berths, pipelines, and other facilities. There is room for growth and new manufacturing uses, such as a device to recycle the ammonia into clean hydrogen. It will be linked to the Northwest European hydrogen network, allowing for the supply of the Netherlands, Belgium, and Germany. Vopak Terminal Vlissingen’s prime location in the North Sea Port in the Scheldt-Delta region makes it an ideal shipping hub.…

ElDorado National (California), or ENC, will get solutions from BAE Systems’ Gen3 product line for its next-generation battery-electric and hydrogen fuel cell transit vehicles. The Gen3 power inverters and electric motors from BAE Systems will be included into ENC’s Axess Battery Electric Bus (EVO-BE) and Axess Hydrogen Fuel Cell Electric Bus (EVO-FC) to provide an unified structural powertrain for both platforms. The Modular Power Control System (MPCS) and Modular Accessory Power System (MAPS) from BAE Systems are modularly designed, giving ENC the option to use a single electric drive propulsion and accessory power management system for both of its new…

In the US, Cummins will start manufacturing electrolyzers. Production of electrolyzers will begin in Fridley, Minnesota, with an annual manufacturing capacity of 500 megawatts (MW), and it will eventually be scalable to 1 gigawatt (GW). Producing electrolyzers will take up 89,000 square feet of Cummins’ current Fridley factory. The plant will first produce its proton exchange membrane (PEM) electrolyzers, the HyLYZER-500 and HyLYZER-5000, with the possibility of producing other electrolyzer products in the future. This selection of products may meet the power requirements of both modest and substantial hydrogen generation projects, ranging from 1.25 MW to more than 200 MW.…

The American Bureau of Shipping (ABS) has given Veer Corporation its “Approval in Principle” (AiP) for its project to construct the first fleet of ocean-going container ships that are completely clean. A combination of green hydrogen fuel cell engines and DynaRig sail technology will be installed on the company’s 100-meter cargo ships. Veer stated that it anticipates receiving shipyards’ bidding responses to its proposal package soon and that it hopes to have chosen a shipyard by the end of this year. By the end of 2024, the business intends to start shipping with two vessels. The project is overseen by…

BBVA has joined Hy24’s two billion euro hydrogen-focused fund. Several other financial institutions have joined the Spanish firm, including Nuveen, Erafp, Groupama, Société Générale, and Norinchukin. The French maritime giant CMA CGM Group is now in the final stages of fundraising as an industrial investor. Baker Hughes, Vinci, Air Liquide, TotalEnergies, Airbus, Enagás, Axa, EDF, and Crédti Agricole are just a few of the more than fifty investors in the Clean H2 Infra Fund. A capital gain of 50 million Euros was realized by the Spanish company Enagás Renovable due to Hy24’s purchase of a 30% stake in the company…

Hydropolis United and Elkard sp z.o.o. have signed a memorandum of understanding (MoU) to create a plastic waste processing plant that will generate hydrogen, electricity, and heat. Hydrogen Utopia International (HUI) is a technology pioneer in the field of converting non-recyclable waste plastics into hydrogen, and Hydrofoils United is one of HUI’s subsidiaries. Under the terms of the MoU, Elkard and Hydropolis have committed to immediately beginning work on planning for and creating a HUI Plant. This includes, but is not limited to, locating an appropriate site, working together to seek European or national grants or subsidies for the construction…