Amidst shifting political dynamics, Fortescue Metals Group is re-evaluating its commitment to nearly $1 billion in approved hydrogen projects both in Australia and the United States.
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In May 2024, the South Australian government, alongside federal counterparts, announced the deferral of a 600-million-dollar green hydrogen facility in Whyalla, redirecting funds into a 2.4 billion state-federal package to stabilize the region’s steelworks.
Nikola Corporation has filed for Chapter 11 bankruptcy protection, a stark development two years after its highly publicized rise as a leader in hydrogen fuel cell technology.
Researchers at the GFZ Helmholtz Centre for Geosciences have identified potential natural hydrogen (H2) reservoirs using plate tectonic simulations.
Toyota has secured a deal with LG Energy Solution, placing a substantial $1.5 billion order to supply batteries for its upcoming electric vehicle line.
Europe is making strides towards electrification and decarbonization, as evidenced by the recent allocation of a substantial €645 million EU grant to Denmark’s Bornholm Energy Island project.
Korea Gas Corporation (KOGAS) and Korea Gas Safety Corporation (KGS) have recently entered into a Memorandum of Understanding (MOU) to collaborate on hydrogen mixing technologies.
In the rapidly evolving landscape of economic development, major conglomerates such as Samsung, Hyundai, and SK Group are paving the way for sustainable financial models.
The €2.3 billion aid scheme approved by the European Commission marks a significant push in Finland’s transition to a net-zero economy.
Fabrum and Sumitomo have entered into a strategic collaboration targeting the burgeoning demand for liquid hydrogen within heavy transport and aviation sectors, sectors known for their significant carbon footprints and the urgent need for cleaner energy solutions.
