Brazil has a number of innovative projects to manufacture the new fuel for the energy transition by utilizing local characteristics on the low-carbon hydrogen route.
Browsing: Finance
The German government has granted a consortium €28.4 million ($30 million) for the construction of a hydrogen energy-storage pilot project in Germany. This project will serve as a practical testing ground for the future conversion of existing conventional power plants to run on excess renewable energy.
The bipartisan Infrastructure Investment and Jobs Act designated a Funding Opportunity Announcement (FOA), and the U.S. Department of Energy’s (DOE) Office of Clean Energy Demonstration encouraged a Texas consortium leading the creation of a regional clean hydrogen hub on the American Gulf Coast to submit a full application in response.
Essar Group, which has investments in the energy, infrastructure, technology, metals and mining, and related industries, announces the establishment of Essar Energy Transition (“EET”) to promote the development of the UK’s premier energy transition centre in North West England.
A crucial component of the country’s and the region’s energy transition is Ecopetrol. They describe themselves as “the most significant conglomerate in Colombia, whose objective is to serve as a benchmark for the American continent’s transition.”
After the European Commission authorized the money, the German government set aside EUR 55 million so that Arcelor Mittal could switch its steel manufacturing to green hydrogen produced from renewable sources.
The South Korean steelmaker Posco’s intention to invest $40 billion in the nation’s green hydrogen industry has received preliminary approval from the Australian government, which has referred to the Asian country as a crucial partner in the energy transition.
German drinking water supplies are unaffected by the water requirements for electrolysis’s creation of green hydrogen. This is the outcome of investigations that the German Gas and Water Association presented today (DVGW).
The Alberta Innovates Hydrogen Centre of Excellence has awarded Aurora Hydrogen $2 million as part of their “Advancing Hydrogen – Competition 1” program, according to Acceleware and Aurora Hydrogen.
With its first funding competition, the Alberta Hydrogen Centre of Excellence (HCOE) is awarding $20M to 18 successful projects to foster hydrogen technology.
