The rise of hydrogen as a pivotal component in the global decarbonization initiative invites both promising prospects and substantial challenges.
Author: Anela Dokso
Hydrogen Vehicle Systems (HVS), a Glasgow-based innovator in hydrogen-powered commercial vehicles, has secured its first international investment from Qatar’s Excelledia Ventures Group.
Europe’s hydrogen industry entered 2024 with optimism, dubbing it the “year for action.” Yet, despite notable achievements—such as major projects reaching final investment decisions (FIDs), EU policy updates, and significant funding announcements—progress has been slower than anticipated.
Spain’s Prime Minister Pedro Sánchez announced that the government will soon launch a €1.3 billion direct subsidy scheme for hydrogen hubs, alongside €400 million in funding for green hydrogen projects that missed out on EU-wide auction subsidies.
Essar Group has made a major step into the green hydrogen sphere. The company plans to invest INR 30,000 crore in a new Green Hydrogen Plant located in Jamnagar, Gujarat, over the next four years.
Moeve CEO Maarten Wetslaar confirmed that the company will begin construction of its 2GW green hydrogen hub in Andalusia “in a matter of months.”
Toyota Motor Europe has formed a strategic partnership with Hydrogen Refueling Solutions (HRS) and ENGIE to accelerate the expansion of hydrogen refueling infrastructure across Europe.
RenewableUK and Hydrogen UK have teamed up to release a report detailing strategic measures to significantly lower the costs of green hydrogen production.
GE Vernova has committed $160 million to bolster its testing capabilities in Greenville, South Carolina. This investment is aimed at advancing their work with hydrogen fuel, a key component in sustainable energy development.
In the face of climate change’s escalating economic threat, often likened to a destabilizing force within global markets, economic resilience becomes a non-negotiable asset.
