The NEOM Green Hydrogen Project (NGHP), which is anticipated to be put into service in 2026, has inked financing agreements for a total investment of $8.5 billion with Saudi Arabian utility developer ACWA Power, which is partially owned by the sovereign Public Investment Fund.
The Westphalian University of Applied Sciences will establish the “H2 Solution Lab” as a futuristic hydrogen laboratory for hydrogen research with funding totaling about 42 million euros at its meeting on February 23rd, which is when the Structural Strengthening Council recommended funding for the first project in Gelsenkirchen.
Brazil has a number of innovative projects to manufacture the new fuel for the energy transition by utilizing local characteristics on the low-carbon hydrogen route.
Today, Thyssenkrupp will provide additional information regarding its massive, multi-billion-euro initiative to manufacture low-CO2 steel in Duisburg.
In order to increase output at its PEM electrolyzer manufacturing facility in Wallingford, Connecticut, Nel has made the final investment decision. By 2025, the project will increase yearly output capacity to about 500 MW.
The German government has granted a consortium €28.4 million ($30 million) for the construction of a hydrogen energy-storage pilot project in Germany. This project will serve as a practical testing ground for the future conversion of existing conventional power plants to run on excess renewable energy.
As a part of the Kashiwazaki Clean Hydrogen/Ammonia Project, INPEX Corporation, one of the most significant exploration and production firms in Japan, will deploy the HiPACT regenerative high-pressure CO2 capture technology jointly developed by BASF and its engineering partner JGC Corporation.
A grant of €3.3 million has been given to Fusion Fuel Spain for capital expenditure in a 2.4 Megawatt green hydrogen project intended to accelerate Spain’s industrial decarbonization.
The global portfolio of projects for the production of “low-carbon” hydrogen, which are in various phases, was 71.4 million tons per year at the end of last year, according to the research firm Wood Mackenzie. This is comparable to the current global yearly hydrogen consumption.
The bipartisan Infrastructure Investment and Jobs Act designated a Funding Opportunity Announcement (FOA), and the U.S. Department of Energy’s (DOE) Office of Clean Energy Demonstration encouraged a Texas consortium leading the creation of a regional clean hydrogen hub on the American Gulf Coast to submit a full application in response.
