Browsing: Breaking News

Green Hydrogen H2 News

According to Saudi Arabia’s energy minister, the country intends to spend more than $300 billion to produce greener electricity and extend its power grid. Prince Abdulaziz bin Salman stated during a forum hosted by Saudi Arabia’s largest oil company Aramco that the country was also aiming to become a global leader in the production of hydrogen.

Green Hydrogen H2 News

In order to plan, build, and operate a hydrogen plant with an initial feed-in capacity of 100 MW that can be raised to 1 GW by 2030, a coalition with HH2E AG and HydrogenOne Capital Growth plc was formed. Noerr provided advice on the consortium’s structure to Foresight funds.

Green Hydrogen H2 News

This year, the government will provide a total of 16,920 hydrogen-powered automobiles with subsidies. In the case of hydrogen passenger cars, the supply of hydrogen vehicles will be increased significantly by providing a subsidy of 30 million won per unit, which includes local and governmental costs.