Go Metals, a company focused on advancing exploration for critical metals, is expanding its reach with the initiation of new hydrogen exploration projects.
Author: Anela Dokso
Klaipeda Port is advancing its plans to establish the region’s first green hydrogen station.
HD Hyundai’s shipbuilding arm, HD Korea Shipbuilding & Offshore Engineering (HD KSOE), achieved a crucial approval for their vacuum insulation system designed for liquefied hydrogen storage tanks.
Finland’s state-owned transmission system operator (TSO) Gasgrid and the Government of Åland have signed a letter of intent (LoI) to collaboratively explore the development of a hydrogen network in Åland.
Nel ASA has announced a temporary halt in production at its Alkaline electrolyzer facility in Herøya, Norway, and a workforce reduction of approximately 20%. This decision comes in response to a slower-than-anticipated growth in the renewable hydrogen market, with order intakes in 2023 and 2024 falling short of expectations. Market Challenges The renewable hydrogen sector has encountered significant hurdles, including project delays and cancellations. Nel has also initiated a process to reclaim delivered equipment as compensation for overdue receivables exceeding one year from an undisclosed customer. These challenges have led to a decreased immediate need for new alkaline electrolyzer production,…
Ukraine’s DTEK is purchasing energy storage systems with a capacity of 200MW as part of its strategy to mitigate power outages. This move comes as an effort to enhance the stability of Ukraine’s electricity grid amid ongoing challenges. Energy storage systems are crucial for balancing supply and demand, especially during peak usage or unexpected supply disruptions. By integrating these systems, DTEK aims to improve energy reliability and efficiency. Given the current situation in Ukraine, ensuring a steady power supply is vital for residents and industries. Energy storage technology allows for the storage of electricity when production exceeds demand and then…
Nel, a Norwegian company, has secured an additional $29 million in investment tax credits for its planned electrolyser gigafactory in Michigan, bringing its total funding to approximately $200 million. This additional funding comes from the Qualifying Advanced Energy Project Tax Credit, backed by the Inflation Reduction Act and administered by the US Department of Energy, Department of Treasury, and the Internal Revenue Service. Despite the financial boost, Nel has not yet made a final investment decision for the $400 million project. The 4GW factory, announced in 2023, is expected to produce both alkaline and PEM electrolyser technologies, positioning it as…
McPhy Energy, a French company specializing in electrolysers, has revised its revenue forecast for FY2024 due to delays and strategic changes. Initially expecting €18-22 million, McPhy now predicts revenues closer to €11 million.
EnergyPathways has recently secured a significant regulatory approval for their cutting-edge energy storage project.
NAAREA, a prominent player in nuclear energy innovation, has entered a strategic partnership with QGEMS, a leader in global energy management.
