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With large-scale transportation set to start in 2026, Provaris Energy has obtained the first design approval for a compressed hydrogen carrier.

The renewable hydrogen plant will start out with a 30 MW capacity and be able to scale up to 200 MW in various stages. In the initial phase, it will produce more than 4,000 tons of renewable hydrogen annually, and it will eventually produce 30,000 tons annually.

The electrolysis project will produce hydrogen for filling stations and other clients in the area using electricity from the nearby Hollandia solar park.

Allianz Capital Partners (ACP), a subsidiary of Allianz Global Investors and Allianz insurance companies (Allianz), a German-based investor in renewable energy and infrastructure, has announced that it has entered into an agreement to acquire a minority stake in Nordic Ren-Gas Oy, a Finnish project developer for green hydrogen and power-to-gas (PtG) projects (Ren-Gas).

According to a senior official at the Ministry of Energy and Minerals, Oman’s government anticipates attracting investment totaling more than $20 billion in the green hydrogen sector by 2030.

Spanish Prime Minister Pedro Sanchez stated on Friday that an underwater pipeline to transport green hydrogen between Spain and France will cost approximately 2.5 billion euros ($2.6 billion), adding that he hoped the European Union will partially fund the project.

In Galicia, Repsol, Naturgy, and Reganosa will work together to build a renewable hydrogen manufacturing facility.

The Undersea hydrogen pipeline between Barcelona and Marseille will cost roughly 2 billion euros.

Amogy and Ballard Power Systems have a deal for the sale of fuel cell engines for use in ammonia-to-power maritime applications.

In an effort to collaborate, Rio and Fortescue have agreed that their top scientists will get together and compare notes on hydrogen.