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The Nordic Investment Bank (NIB) has made a strategic move to support Norway’s clean energy transformation by signing a seven-year loan agreement with Varanger Kraft, a prominent Norwegian utility company. This partnership aims to facilitate the upgrade of Varanger Kraft’s hydrogen facility for commercial operations and the enhancement of the electricity distribution network in Norway’s Varanger region.

Universal Hydrogen Co. has soared to new heights in the realm of zero-emission aviation. The company recently marked significant milestones, including successful test flights and a substantial order book for its innovative regional hydrogen-powered aircraft conversion kits. These achievements pave the way for a greener future in aviation and bring us closer to sustainable skies.

Three major Japanese shipping companies—Kawasaki Kisen Kaisha (“K” Line), Mitsui O.S.K. Lines (MOL), and Nippon Yusen Kabushiki Kaisha (NYK)—have joined forces with JSE Ocean, a subsidiary of Japan Suiso Energy (JSE). This collaboration marks a crucial step towards realizing Japan’s ambitious hydrogen targets as outlined in its Basic Hydrogen Strategy, revised by the Japanese government in June 2023.

Dutch government is allocating a total of 125 million euros over the next four years to promote hydrogen as a fuel. This bold move, spearheaded by outgoing State Secretary Vivianne Heijnen of Infrastructure and Water Management, aims to accelerate the adoption of hydrogen-powered vehicles and infrastructure across the country.