The executive board of the World Bank (WB) has given the green signal to a substantial $150 million loan to spur investment in green hydrogen projects in Chile.
Browsing: Finance
The pursuit of sustainable energy solutions is reaching new heights as BP, the renowned energy giant, invests in Advanced Ionics, a startup focused on transforming the landscape of green hydrogen production. This strategic move, driven by BP Ventures, is poised to significantly reduce the production costs of zero-carbon hydrogen by harnessing cutting-edge technology.
In a significant stride towards a sustainable future, India’s Ocior Energy company has committed a substantial investment of four billion dollars in the development of green hydrogen production within Egypt’s Suez Canal Economic Zone.
In a resolute stride towards decarbonization, the Province of British Columbia is committing a robust $4 million to power the BC Hydrogen Ports Project (BCH). This strategic investment aligns seamlessly with the province’s ambitious decarbonization objectives, bolstering a cleaner and more sustainable energy future.
Africa could emerge as a significant player in the global green hydrogen sector, with the potential to generate over $1 trillion annually by 2035, according to a study funded by the European Investment Bank (EIB).
Holding Slovenske Elektrarne (HSE), Slovenia’s leading energy partner, has ignited the engines of the North Adriatic Hydrogen Valley (NAHV) project.
Verdagy, a trailblazer in scaling electrolyzer technologies for industrial applications, has just closed an impressive $73-million Series B funding round, a testament to the growing momentum of the green hydrogen revolution.
Hydreen, a subsidiary of Luxembourg-based HLC Holdings, has announced a game-changing $2 billion investment in India’s burgeoning green hydrogen market.
An ambitious plan to establish the UK’s first ‘Hydrogen Village’ in Redcar is making waves as Northern Gas Networks (NGN) reveals that the project could bring over £300 million in investments and generate at least 300 new jobs in the historically underfunded region.
An intense battle is underway, pitting environmental groups, academics, and energy companies against each other, over the tax credit for clean hydrogen production in the United States. With billions of dollars at stake, the Treasury Department faces the daunting task of setting a precedent that will shape the nation’s future in the fight against climate change.
