The U.S. Department of Energy (DOE), on behalf of the Biden-Harris Administration, announced the availability of $750 million for research, development, and demonstration projects aimed at significantly lowering the price of clean hydrogen.
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Applications for the Regional Green Hydrogen Hubs Program of the federal government are now open.
Nel, a Norwegian hydrogen firm, has raised 1.61 billion Norwegian crowns ($154.70 million) through the private placement of 108 million new shares at 14.90 crowns each, or 9% less than the stock’s closing price in Oslo.
The Hydrogen Energy Supply Chain (HESC) project will be established in Victoria thanks to a commitment of A$2.35 billion from the Japanese government through its Green Innovation Fund.
In addition to opening applications for $1.5 billion in concessions for large-scale green hydrogen generators, the New South Wales (NSW) government has allocated $64 million to help finance green hydrogen hub projects in the Illawarra on the state’s south coast and close to Moree in the state’s west.
By identifying and supporting outstanding hydrogen businesses in the area that will drive the hydrogen economy, Pohang City, Gyeongsangbuk-do hopes to lay the groundwork for becoming a hub city for the hydrogen economy.
The Kenyan government will get 1.8 million euros (Sh244.2 million) from the European Investment Bank (EIB) for further loans to green hydrogen investors there.
In order to develop green hydrogen plants all around the world, Acciona has teamed up with its German investment, Nordex. For 68 million euros, the business led by José Manuel Entrecanales purchased 50% of Nordex H2.
The NEOM Green Hydrogen Project (NGHP), which is anticipated to be put into service in 2026, has inked financing agreements for a total investment of $8.5 billion with Saudi Arabian utility developer ACWA Power, which is partially owned by the sovereign Public Investment Fund.
The Westphalian University of Applied Sciences will establish the “H2 Solution Lab” as a futuristic hydrogen laboratory for hydrogen research with funding totaling about 42 million euros at its meeting on February 23rd, which is when the Structural Strengthening Council recommended funding for the first project in Gelsenkirchen.
