HESTA, an Australian superannuation fund, has agreed to invest up to $100 million in three green hydrogen projects held by Countrywide Hydrogen subsidiary ReNu Energy.
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Abdessalam Ould Mohamed Salah, Mauritania’s Minister of Mines and Energy, and Bernard Looney, the CEO of BP, both signed the memorandum.
Alikhan Smailov, the prime minister, and Andrew Forrest, the CEO of Fortescue, signed the agreement at the World Leaders Summit of the 27th Conference on Climate Change (COP27) in Egypt.
IRENA and UNIDO want to use international collaboration as a platform that will enable investments, policies, and clean technology development to speed up the achievement of the UN Sustainable Development Goals.
At the climate summit, Prime Minister Rutte and Oman’s Minister of Energy signed a statement on green hydrogen. Rutte claims that this is a crucial component of a future energy supply free of fossil fuels.
Following the signing of a KES500 billion agreement with the UK to expedite green projects, Kenya’s President stated that the country aspires to produce 30GW of green hydrogen.
The EU Commission President, Ursula von der Leyen, highlighted the enormous potential for renewable energies, green hydrogen in southern nations on the sidelines of the UN climate conference in Sharm El-Sheikh.
In order to explore potential strategies for lowering the carbon intensity of Shell’s liquefied natural gas (LNG) supply projects globally, GE Gas Power and Shell Global Solutions have signed a development agreement.
The Minister of Foreign Affairs mentioned in his speech some general contours of the restructuring process, the need for significant investments in renewable energy throughout the transition.
Governor Tom Wolf signed legislation granting around $2 billion in tax credits to firms involved in hydrogen generating, milk processing, semiconductor manufacturing, and petrochemicals.
