HYVIA, a hydrogen mobility company established in June 2021, has announced the initiation of receivership proceedings, which began on December 10, 2024, at the Commercial Court of Versailles, France.
At the heart of the tension lies the bloc’s approach to technology neutrality. While the U.S. Inflation Reduction Act (IRA) allocates tax credits across multiple hydrogen production pathways—including $3/kg for low-carbon methods like methane pyrolysis—EU policies remain disproportionately focused on electrolysis-derived “green” hydrogen. This narrow focus risks sidelining alternative methods, such as methane splitting with solid carbon capture, which could reduce emissions by 92% compared to conventional steam methane reforming (SMR), according to 2023 lifecycle analyses by the International Energy Agency (IEA).
Canadian Nuclear Laboratories (CNL) is expanding its Clean Energy Siting Program to include more technologies like fusion, hydrogen, and battery storage.
Elogen, a subsidiary of GTT Group, has suspended construction of its electrolyser gigafactory in Vendôme, France, following a €33 million ($34 million) EBITDA loss for the 2024 financial year.
Hysata, Australia’s leading electrolyser company, has signed a landmark agreement with ACWA Power to demonstrate its high-efficiency capillary-fed electrolysis technology in Saudi Arabia.
