Uwe Kerkmann, head of H2UB, a platform that supports these fledgling businesses, has shed light on the industry’s growing pains.
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Namibia has announced a significant investment of N$380 million in green hydrogen projects as part of its commitment to sustainable energy and reducing carbon emissions.
Abu Dhabi National Oil Company (ADNOC) has signed a general agreement with the Japan Bank for International Cooperation (JBIC) to establish a $3 billion (AED 11 billion) green financing facility.
Dynelectro has secured €11 million in funding to develop its 1-megawatt (MW) Dynamic Electrolyser Unit. This substantial financial boost is expected to play a key role in advancing the green energy transition.
Enova, a Norwegian state-owned enterprise, recently awarded Nkr300M (US$28M) in innovation funding to develop, build, and operate five hydrogen-powered dry bulk vessels.
The World Bank has approved a second $1.5 billion loan to support India’s low-carbon energy development. This funding aims to promote green hydrogen production, expand renewable energy capacity, and stimulate finance for low-carbon energy investments.
HDF Energy (Hydrogen of France) recently got the approval for significant financial support from the European Commission under the IPCEI (Important Project of Common European Interest) framework.
Germany’s recent approval to invest around three billion euros in hydrogen infrastructure is a significant step towards a greener future. The EU Commission’s decision to support this investment aims to enhance the use of climate-friendly hydrogen in industry and transport.
This substantial funding will support developing, constructing, and operating five hydrogen-powered dry bulk vessels, marking a significant milestone in the maritime industry’s transition to zero-emission technologies.
H2 Green Steel, a Swedish company founded in 2020, has positioned itself at the forefront of the green hydrogen revolution, aiming to decarbonize the steel industry.
