Browsing: Finance

Green Hydrogen H2 News

Three projects run by Rolls-Royce will receive £82.8 million (US$100 million) as part of a £113 million (US$136 million) investment from the UK to progress the development of a zero-emission liquid hydrogen combusting jet engine. The ATI Program is used to distribute the funding.

Green Hydrogen H2 News

According to Saudi Arabia’s energy minister, the country intends to spend more than $300 billion to produce greener electricity and extend its power grid. Prince Abdulaziz bin Salman stated during a forum hosted by Saudi Arabia’s largest oil company Aramco that the country was also aiming to become a global leader in the production of hydrogen.

Green Hydrogen H2 News

This year, the government will provide a total of 16,920 hydrogen-powered automobiles with subsidies. In the case of hydrogen passenger cars, the supply of hydrogen vehicles will be increased significantly by providing a subsidy of 30 million won per unit, which includes local and governmental costs.