HydrogenPro Denmark has received funding for two new research and development projects. The total investment, valued at NOK 15.3 million, comes from Innovation Fund Denmark and MissionGreenFuels, alongside Gassnova, Norway.
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The funding is intended to aid India’s efforts in scaling up renewable energy, promoting green hydrogen, and sparking climate finance for low-carbon energy investments.
Atlanta-based rolled aluminium firm Novelis Inc. has announced that its Latchford aluminium recycling plant in the United Kingdom is set to undertake hydrogen-burning trials.
India’s journey towards green energy took a giant leap forward as Avaada Group, one of the country’s leading power companies involved in the manufacture of solar panels, successfully closed its latest funding round. This financial boost, amounting to US$1.3 billion, will propel the group’s solar and green hydrogen businesses to new heights.
The UK Government has recently pledged over £80 million to help businesses across the country transition from fossil fuels to cleaner, sustainable alternatives. This ambitious move underlines the nation’s commitment to reduce carbon emissions and enhance energy security.
In a significant move to strengthen India’s push towards green energy, the Ministry of New and Renewable Energy (MNRE) has announced an over Rs 17,000 crore ($2.26 billion) incentive scheme to bolster the manufacturing of electrolyzers and green hydrogen production.
Gasunie, an energy infrastructure company, has made a significant investment decision to develop the first part of its national hydrogen network.
UK’s Energy Security Secretary, Grant Shapps, indicates a probable policy reversal on the way low-carbon hydrogen production is funded. This move comes as a respite for households already grappling with soaring energy bills.
In a significant boost to its hydrogen strategy, Rheinmetall has secured two new orders for fuel cell components, including cathode flaps and shut-off valves, worth a substantial amount in the mid-two-digit million-euro range.
Thyssenkrupp AG’s hydrogen subsidiary, Nucera, is readying for a significant market move with plans to launch an initial public offering (IPO) aimed at raising as much as €566 million ($615 million).
