Clean Hydrogen Works (CHW) has awarded McDermott the front-end engineering and design (FEED) contract for the Ascension Clean Energy (ACE) Project, which is being jointly developed by CHW along with strategic shareholders ExxonMobil, Mitsui O.S.K. Lines, and Hafnia.
The U.S. Department of Energy (DOE) s committing up to $2.2 billion to develop two major hydrogen hubs in the United States. These hubs are set to be located on the Gulf Coast and in the Midwest.
SECI, the Solar Energy Corp. of India, has partnered with Germany’s H2Global Stiftung through a memorandum of understanding to advance green hydrogen initiatives.
TES and SOCAR, two significant players in the energy sector, are exploring an ambitious project aimed at leveraging Azerbaijan’s natural resources to produce hydrogen-based energy for export to the European Union.
During a recent hearing, EU policymakers demonstrated strong support for hydrogen as a key component of the energy transition, with no questions raised about reassessing ambitious hydrogen targets.
A prominent hydrogen company, once hailed as a flagship of Germany’s green energy transformation, HH2E, is facing insolvency. The firm’s financial trouble stems from the withdrawal of a key investor.
