Australian companies Fortescue and Woodside find their ambitious hydrogen projects at risk due to proposed rule changes by the United States. The changes could potentially exclude them from accessing cash incentives under the Inflation Reduction Act (IRA), valued at billions of dollars.
The government of the Australia’s Northern Territory has bestowed major project status upon the Darwin H2 Hub. Developed by TE H2, an 80%-owned subsidiary of French oil major TotalEnergies, this 1GW green hydrogen project has emerged as a beacon of sustainable energy innovation.
Equinor and Linde have formalized a project development agreement to bring the H2M Eemshaven low carbon hydrogen project to life in the Netherlands.
Woodside and SK E&S will embark on a joint exploration of opportunities related to long-term ammonia and hydrogen offtake arrangements.
ABN AMRO has announced its investment in the Clean Hydrogen Equipment Fund, managed by Hy24. The fund is dedicated to channeling investments into clean hydrogen technologies.
NTPC Green Energy Limited (NGEL) has issued a global tender, inviting bids from manufacturing companies specializing in the production and storage of Green Hydrogen and its derivatives.
South Korean steel giant POSCO is further strengthening its hydrogen alliance with German engineering powerhouse Linde, with a bold move toward on-site hydrogen production in Mexico.
Germany is about to embark on a €5 billion journey towards becoming a green hydrogen powerhouse, with construction of the flagship Lusatia Hydrogen Reference Power Plant slated to begin in early 2025.
In December 2023, the Korean automaker delivered a staggering fleet of 500 fuel cell vehicles (FCVs) to the southern city, marking a significant milestone in China’s hydrogen ambitions.
Launched on January 1 aboard PSLV-C58, the 100 W class fuel cell operated efficiently in the orbital platform POEM3. This breakthrough marks a crucial step in powering future space missions with unparalleled efficiency, emitting only water as a byproduct.
