Indian Prime Minister Narendra Modi and his Japanese counterpart Fumio Kishida engaged in fruitful discussions during the G7 summit in Hiroshima, focusing on enhancing bilateral cooperation in various areas.
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In a recent article published by Follow the Money (FTM), it was revealed that Dutch Prime Minister Mark Rutte intervened in the application process for hydrogen subsidies by energy giant Shell.
Faurecia, Michelin, and Stellantis have announced a binding agreement for Stellantis to acquire a 33.3% stake in Symbio, a leading company in zero-emission hydrogen mobility.
Clean hydrogen has been hailed as a critical fuel for the transition to a low-carbon economy, and Modern Hydrogen, a California-based startup, is one of the companies at the forefront of developing and commercializing this technology. The company recently raised $32.8 million in a Series B-2 financing round to accelerate the distributed decarbonization of gas into clean hydrogen.
Germany has long been known for its ambitious plans to transition away from fossil fuels, and green hydrogen has been a critical element in this strategy. However, the country can only meet 30% of its own needs for this clean fuel, according to German Economy Minister Robert Habeck. This shortfall has led the country to search for trade partners to deliver the remaining 70% of its green hydrogen needs.
United Hydrogen Limited (UHL) has announced that the valuation of its investee H2X has increased from $69.1m to $100m, resulting in an immediate uplift in valuation for UHL’s shareholders who invested in the pre-IPO capital raise. As one of the largest shareholders in H2X, UHL believes that it will deliver significant value in 2023 as H2X heads towards a listing on the London Stock Exchange.
The Avaada Group has announced that it has raised $1.3 billion as part of its $1.07 billion capital raising plan to fund its green hydrogen and green ammonia projects in India.
In April 2023, the funds allocated from the Pnrr for the Fvg (Friuli Venezia Giulia) region, pertaining to regional public bodies, totaled 1.9 billion euros.
Dariusz Pachniewski is a recognized authority in hydrogen technologies and has been working in the energy sector for over 30 years. He has been involved in various projects related to the development of hydrogen technology in Poland, including the first project that closed the hydrogen value chain by connecting two electrolyzers to a biomass unit and two mobile hydrogen dispensing stations.
Paraguay, known for its abundant hydroelectric energy, is set to take advantage of the boom in green hydrogen production, according to Dr. José Antonio Bogarín, executive director of the Itaipu Technology Park (PTI).
