Browsing: Breaking News

Economics Minister Robert Habeck has unveiled a comprehensive plan to invest billions in hydrogen technology in a major move to steer Germany toward a more sustainable future.

Germany is stepping up its green energy game with a substantial €200 million investment awarded to a UAE-linked firm, Fertiglobe, which was acquired by ADNOC in 2023.

The test flight, conducted under rigorous conditions, lasted several hours and covered diverse terrains. Engineers and aviation experts monitored every aspect of the flight to gather data and assess the aircraft’s performance.

These initiatives collectively aim to achieve a generation capacity of over 652 megawatts. The substantial investment, sourced from European post-pandemic recovery funds, is projected to catalyze further investments totaling more than 6 billion euros over the projects’ lifetimes, with an immediate activation of 1.141 billion euros.

The company garnered significant attention for its partially hydrogen-powered flight out of Moses Lake in March last year, but it has burned through its $100 million in investor funding and failed to secure additional financing.

TotalEnergies has signed a 15-year agreement with Air Products to supply 70,000 tons of green hydrogen annually starting in 2030.

The law underscores hydrogen’s pivotal role in storing and transporting renewable energy and decarbonizing the industry, which is essential for Germany to meet its ambitious climate targets.

In a surprising turn of events, the Heide refinery has announced the abandonment of its green hydrogen project.

Prime Minister António Costa’s resignation has sent shockwaves through Portugal, triggered by a series of searches at key government offices and companies.

The German Taxpayers’ Association has raised its voice against state funding for research, production, and infrastructure related to hydrogen vehicles.