The Nordic Investment Bank (NIB) has made a strategic move to support Norway’s clean energy transformation by signing a seven-year loan agreement with Varanger Kraft, a prominent Norwegian utility company. This partnership aims to facilitate the upgrade of Varanger Kraft’s hydrogen facility for commercial operations and the enhancement of the electricity distribution network in Norway’s Varanger region.
InterContinental Energy, a Hong Kong-based green hydrogen developer, has successfully secured $180 million in funding.
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.
