The Rise Fund, an investment fund managed by TPG, is investing in the hydrogen business in Spain through its company Matrix Renewables. The group has reached an agreement with the Spanish group Rolwind Renovables to create Hyren, a platform that will focus on the development of green hydrogen projects in Spain.
The Association of Municipal Companies (VKU) in Germany has raised concerns over the feasibility of the government’s plans to switch to hydrogen gas networks in 2024. VKU Managing Director Ingbert Liebing has warned that the “rigid specifications” in the current draft of the Building Energy Act (GEG) could lead to a failure of the heat transition plans of the Federal Government. Liebing criticized the “rigid requirements” for around 500 municipal utilities with regard to gas and district heating, which he believes are counterproductive and have the opposite effect.
Morocco’s King Mohammed VI has given instructions for the development of a “Morocco Offer” in the green hydrogen sector, with the aim of accelerating the process of decarbonization of the Moroccan economy.
European aircraft manufacturer Airbus has established a research facility in the province of Kiangsu on China’s east coast. The facility will be located in the city of Sucou in the Yangzi River delta, where Airbus will focus on research in the areas of hydrogen and alternative fuels.
South Korean conglomerate POSCO Holdings and Samsung Engineering have been selected as the preferred negotiator for a $5.67 billion green hydrogen plant project in Oman.
The German Environmental Aid (DUH) has raised concerns that loopholes in the upcoming heating replacement could delay the end of fossil fuel systems and cost consumers dearly. The DUH, along with other organizations, has warned that the approval of “H2-ready” devices, which are gas heaters that can be converted to hydrogen, may lead to the continuation of gas heating systems.
The British multinational Hive Energy and Enagás have announced plans for a major green hydrogen project in Albacete, with an investment of up to 10 billion euros. The project will focus on the production, storage, and transport of green hydrogen, which is a priority for the European Union. Hive Energy and Enagás have signed a collaboration agreement with the local government to carry out the project.
Hopium, a French automaker, shelved plans for a high-performance sedan in order to concentrate on fuel cells, that it will make available to other big businesses.
In a move that underscores its commitment to clean energy and international cooperation, Saudi Arabia has approved a memorandum of understanding (MoU) with China in the field of clean hydrogen energy. The announcement was made following a cabinet meeting chaired by King Salman bin Abdulaziz.
Canadian renewables developer Amp Energy has won a competitive bidding process to lead the development of a gigawatt-scale green hydrogen and ammonia production project in South Australia.
