Loop Energy and MYNT First Element have announced a strategic partnership to manufacture hydrogen-electric power generators.
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South Korean natural gas power unit, SK E&S Co., has announced a joint venture with U.S. hydrogen company, Plug Power, to build a hydrogen gigafactory and research centre in South Korea.
NTPC, India’s largest power producer, has recently announced its plan to build a green hydrogen hub in coastal Andhra Pradesh with a budget of more than ₹1 lakh crore.
Greek energy companies Motor Oil and PPC have announced a joint venture called Hellenic Hydrogen, which aims to develop alternative fuel technologies, specifically green hydrogen. The project is expected to receive up to €130 million in investment, with funding already requested from the Innovation Fund. The venture will produce “green” hydrogen and is also exploring other forms of funding for smaller projects in the hydrogen valleys sector.
The Dutch government has unveiled the Climate Fund project for 2024, which includes €28.1 billion for climate spending in the country by 2030. Of this total, €7.5 billion will be allocated to developing the green hydrogen industry, including €300 million for importing the energy source. This could benefit green hydrogen projects in the Port of Pecém, Ceará, Brazil, where the Dutch port of Rotterdam has a 30% stake.
Atlas Agro Fertilizantes, a Brazilian fertilizer company, announced plans to invest $850 million in the construction of a green hydrogen plant in Uberaba, Brazil. The plant, which will be the first of its kind in the country, will produce 500,000 tons per year of nitrogen fertilizers using green hydrogen.
Hydrogen is becoming increasingly important as a resource in the global push towards climate neutrality. In Austria, Chancellor Karl Nehammer has called it a vital element in the country’s transition away from fossil fuels. At a recent hydrogen summit, Nehammer emphasized the need for a climate-neutral industry and highlighted the role of hydrogen in achieving this goal.
Entergy has broken ground on the Orange County Advanced Power Station (OCAPS), a 1,215 MW combined cycle plant located near Bridge City, Texas. The plant, which would use natural gas initially and transition to hydrogen in the future, would have the ability to use up to 30% hydrogen by volume, potentially reaching 100%. The $1.2 billion project is expected to create nearly $1.8 billion in total economic activity in Southeast Texas.
Stuttgart-based company H2FLY, a developer of hydrogen fuel cell systems for aircraft, has achieved a significant milestone in the development of hydrogen-electric propulsion systems for aircraft.
Bilfinger, a leading engineering and industrial services company, has provided support to Austrian supermarket chain MPREIS in the construction and assembly of a hydrogen production plant near the city of Innsbruck.
