Twenty projects totaling 250MW of capacity have received funding through the Hydrogen Business Model (HBM)/Net Zero Hydrogen Fund process in England, Scotland, and Wales.
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A green hydrogen fund is being established by five large exploration and production (E&P) corporations, who have committed significant resources to the effort.
A project worth a total of 19.6 million euros, which will completely utilise the 17.5 million PNR resources Tuscany was asked to allocate for this reason on the regional territory (at the national level, they are worth 450 million euros).
Nikola Corp. may earn hundreds of millions of dollars a year from incentives under the Inflation Reduction Act of the Biden administration if it can put its hydrogen fuel cell trucks and filling station network into service.
EDP moves more quickly with its green hydrogen aspirations in Spain. The environmental processes for the two significant projects that the company, led by Miguel Stilwell and Ana Paula Marques in Spain, is currently working on in our nation Los Barrios in Cádiz and the Hydrogen Valley of Asturias in Aboo have already been started.
Destinus has been given funding to advance research and development for supersonic flight using hydrogen as fuel by the Centro para el Desarrollo Tecnológico e Industrial (CDTI) programme of the Spanish Ministry of Science.
Fusion Fuel has been awarded €3.6 million in grant financing through Component 5 (‘C-5’) of Portugal’s Recovery and Resilience Plan to create a 1 Megawatt decentralized green hydrogen production facility co-located with a hydrogen refueling station in Elvas, Portugal.
TECO 2030 ASA has received NOK 50 million in development funding from Innovation Norway, the main tool used by the Norwegian government to support innovation and development in Norwegian businesses and industry.
The European Commission (EC) announced that the European Hydrogen Bank will be operational by the end of the year and based on four pillars.
Over the following ten years, the country’s growing interest in green hydrogen would result in investments totaling nearly 16 trillion rupees across the entire chain. The rising cost of its production, though, might put a damper on things.
