Author: Anela Dokso

McPhy and Hype, a key player in light and heavy hydrogen mobility, have finalized their strategic partnership agreement. As part of the agreement, McPhy purchased €12 million in Hype convertible bonds with a capitalized interest rate of 4.5 percent and a 9-year maturity. Before their maturity date, these bonds can be converted into Hype shares under certain conditions and in limited circumstances for a period of two years, including a change of control, an IPO, or an issuance of securities worth more than €10 million. In this context, a first order was placed with Hype for the supply of a…

Schaeffler, Johnson Matthey, Bekaert, and TNO, a leading independent research institute in the field of hydrogen, have teamed up to develop electrolysis cells with components that are optimized to work together for a step-change in efficiency. The consortium brings together each company’s top individual capabilities to advance next-generation technologies that will lower hydrogen’s levelized cost and increase component efficiency. Over the next three years, the shared research program will be implemented. Renewable hydrogen will be important in decarbonizing hard-to-abate sectors in all net zero scenarios. Electrolysis is a key enabling technology for zero-emission energy because it allows renewable hydrogen to…

Anglesey planners will consider a proposal for a hydrogen hub in Holyhead, which could help drive the island’s green agenda. The hub is being developed by Menter Môn, a social enterprise, in collaboration with Anglesey County Council. Logan Energy, a Scottish firm, has been awarded a contract to support the hub’s construction, with Welsh Government funding for technical designs and Chancellor Rishi Sunak confirming £4.8 million in UK Government funding. Plans for a green hydrogen production plant as well as a fueling and distribution center have now been submitted to the local government. The “Hydrogen Hub” will be located at…

Clear Hydrogen UK (CHUK) has extended its partnership with Proton Technologies. The idea is to generate clear hydrogen from the UK’s aging offshore oil assets while also sequestering massive amounts of CO2 as solid carbonate within the same systems. CHUK’s founders invested $3.7 million CAD in Proton in 2021 to secure a 20-tonne-per-day production license for use in the United Kingdom and Ireland. The current expansion is 250 times larger, implying a total license value of $925 million CAD for 5000 tonnes per day. Proton will receive 45 percent ownership of CHUK in exchange for increased technical support and governance…

McDermott International has joined a group of industry experts working to realize the potential of a hydrogen-fueled energy hub in Bacton, Norfolk, United Kingdom. The Bacton Energy Hub (BEH) project is being spearheaded by the UK North Sea Transition Authority (NSTA), which could play a significant role in the UK’s energy future and become a critical component in its transition to net zero emissions. By 2030, the project aims to provide a reliable hydrogen supply by constructing facilities that support low-carbon hydrogen production, carbon capture, and underground storage (CCUS). It also plans to develop renewable hydrogen production as part of…

Hydrogen Utopia International has reached a deal with Ireland’s Trifol Resources Limited (TRL), and the company expects to open Europe’s first full-scale waste plastic to hydrogen facility there soon. The company has agreed to work with an EU Just Transition Fund region to find a suitable location for the facility, as well as access to a high-quality plastic feedstock supplier and a major customer whose covenant we regard as being of the highest quality. As part of the agreement, HUI will invest €500,000 in TRL, a company in the Irish Midlands, with patented waste plastic to wax technologies that process…

INEOS plans to build a water electrolysis-based hydrogen plant in Rafnes, Vestfold and Telemark, through its subsidiary INOVYN. A total of NOK 10 million will be invested in Enova’s pre-project. INOVN manufactures caustic soda, chlorine, and vinyl chloride monomer at its Rafnes facility. Hydrogen and oxygen will be produced using electrolysis of water in a 20MW electrolyser powered by green electricity, according to the company’s plans. INEOS’ carbon footprint in Norway will be reduced by 22,000 tons as a result of the project. Innovation Integration of the electrolyser into the core petrochemical process is the focus of the project’s technology…

Aker Horizons and Statkraft have signed a collaboration agreement to jointly explore opportunities for green hydrogen and ammonia production in India and Brazil, with a focus on the steel and fertilizer industries. Steel and ammonia industry emissions account for nearly 9% of global greenhouse gas emissions and are classified as difficult-to-abate sectors. Green hydrogen is an emission-free alternative to decarbonizing these industrial sectors, as well as a way to improve the two commodities’ supply security. India’s cooperation Aker Clean Hydrogen and Statkraft have agreed to explore joint development opportunities in India for fully-integrated renewable power generation and green hydrogen production,…

Permascand has signed a LOI with RES for the co-development of a commercial research center in RES’s green hydrogen plant in Alby, Ånge Municipality, Sweden. The purpose of the letter of intent is to continue negotiations for the establishment and investment in a commercial research center for testing and evaluation of Permascands products in a production plant, allowing for significant and important project results. “It is a very positive and interesting start that we can jointly contribute to a development project of this kind,” says Permascand CEO Peter Lundström. RES is driving the development and construction of a green hydrogen…

PSW Power & Automation, a subsidiary of Scana, and Westgass Hydrogen have formed a strategic partnership to deploy container-based hydrogen fuel cell systems for power applications. Scana’s overall ambition of accelerating the green energy transition by being a driver in electrification and emission reduction solutions is supported by this initiative, which is a major step toward ensuring continuous investment in environmentally friendly energy production. The two companies will collaborate on hydrogen-based power generation solutions for off-grid and on-grid locations, including piloting, marketing, and sales. The deployment of fuel-cell generators in land-based applications, such as shore power systems for the marine…