Portuguese energy heavyweight Galp has unveiled a bold plan to invest €650 million (approximately $692 million) in two transformative projects. These projects aim to significantly reduce the carbon footprint of the Sines refinery and its associated products while ushering in a greener energy era in Portugal.
Representative John B. Larson (CT-01) announced $8.3 million in new funding through the federal Hydrogen Shot Initiative to advance clean hydrogen research and development at East Hartford’s RTX Technology Research Center.
Peregrine Hydrogen recently announced the successful closure of an oversubscribed $7.8 million seed financing round, a testament to the growing interest in sustainable hydrogen production.
Tsing Hydrogen (Beijing) Technology Co., Ltd. is emerging as a frontrunner in the global drive towards green hydrogen. Recently securing a significant seed round financing, the company is poised to accelerate its mission to provide innovative solutions and products for the industrialization of hydrogen energy.
The U.S. Department of Energy (DOE) has taken a significant step towards a sustainable, clean energy future with the announcement of $47.7 million in funding for 16 cutting-edge research, development, and demonstration (RD&D) projects across 13 states.
Owned by EDF Energy Nuclear Generation Ltd and in collaboration with Hanson UK, National Nuclear Laboratory Limited, EDF ENERGY R&D UK CENTRE LIMITED, and Asphalt Burner Services Ltd, the ‘Bay Hydrogen Hub – Hydrogen4Hanson’ project is set in Lancashire and has been awarded £6,119,361.49. This initiative aims to decarbonize the asphalt and cement production industry while pioneering nuclear-derived hydrogen production.
‘Element One’ project has received a substantial grant of £4,872,653 from the UK Government’s Department for Energy Security and Net Zero, signifying a profound commitment to transitioning towards cleaner energy sources in the construction industry.
During the plenary session of the European Parliament in Strasbourg, Ursula von der Leyen revealed that the EU is now attracting more investment in hydrogen energy development than both the United States and China combined.
Solaris, a subsidiary of the CAF Group, has successfully secured contracts to supply a total of 235 hydrogen buses to Italy and Germany, representing a combined project value of EUR 150 million. These contracts mark a significant stride in the expansion of hydrogen fuel cell-based public transport across Europe.
The race to finance a Danish hydrogen pipeline is in full swing, pitting the state against private players, with the key question being whether Denmark can establish a hydrogen connection to Germany by 2028. While the ambitious plan aims to build an infrastructure for green hydrogen, the financial framework to support it is yet to be finalized.
