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The collaboration will support commercial strategies, technology, and capacity-building initiatives for the deployment of low-carbon hydrogen in poor nations.

The first green hydrogen plant to be built in Egypt will receive an $80 million loan from EBRD.

The project’s overall capacity for producing green hydrogen will increase to 2,20,000 tonnes per year.

Together with the Federal Ministries for Economic Cooperation and Development (BMZ) and for Economic Affairs and Climate Protection (BMWK), KfW presented the first financing platform in the world for specialized financing of green hydrogen infrastructure at the UN climate conference in Sharm el-Sheikh and introduced its derivatives.

Germany aims to encourage the growth of the hydrogen economy internationally and has established two new funding pools totaling 550 million euros.

During Energy Day at the COP27, a new worldwide commission was established with the goal of accelerating planning and approvals for the vast deployment of renewable energy sources and green hydrogen.

NASA has contracted Air Products and Chemicals of Allentown, Pennsylvania, and Linde of Danbury, Connecticut, to supply up to 15 million pounds of liquid hydrogen for use at NASA facilities.

Cummins and Tata Motors have signed a Memorandum of Understanding.

The idea would have South Africa export up to 8 million tonnes of clean-burning fuel and its derivatives by 2050 and satisfy local demand of 2 to 5 million tonnes.

At COP27, organizations and projects across the maritime value chain signed a statement pledging to the fast deployment of green hydrogen-based fuels this decade.