A deal was signed in Munich that should be advantageous to all parties.
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Halten Bulk AS has received NOK 142 million ($13.8 million) from Enova, a Norwegian state company run by the Ministry of Climate and Environment that promotes the use of renewable energy, for the construction of two hydrogen-powered ships.
The Australian Government’s Emerging Aviation Technology Partnerships program has awarded Swinburne’s Aerostructures Innovation Research Hub (AIR Hub) a $1.3 million funding to develop and test Australia’s first hydrogen-powered drone.
The Korean government and four businesses—Hyundai Motor, SK E&S, Hyosung, and Hychangwon—signed a memorandum of understanding (MOU) to establish a national liquid hydrogen supply chain and increase the usage of hydrogen vehicles beginning in 2019.
Germany has gathered the richest industrial nations to hasten the process.
Korea – The declaration was made in response to criticism that the country’s usage of fuel cells, which are thought to be one of the cleanest energy sources, has only been used in cars and power plants.
Three funds that support the economy and lower carbon emissions provide the funding for Air Products’ project.
The project calls for the startup of 100 megawatts (MW) of electrolyzers, with the potential to grow to 500 MW if the market permits for Abono green hydrogen plant.
The Canadian government announced greater investment tax incentives for hydrogen and clean technology in its fall economic statement. The proposed credits would allow the country to equal the financial incentives provided to American manufacturers by the Inflation Reduction Act (IRA).
A measure to encourage the production of hydrogen through 30-year stability guarantees for investments in that industry will be submitted to parliament by the Argentine government.
