The region’s energy, manufacturing, and transportation industries could undergo a revolution thanks to green hydrogen, which would turn it into a global center for the so-called “energy vector of the future.” However, there are certain significant obstacles to its ongoing deployment that must be considered.
Fusion Fuel, a Portuguese company that develops solar-to-hydrogen technology, has announced that four of its projects have been pre-selected for grant funding of up to €12.9 million ($13.2 million).
Marsh says that “solar and wind projects don’t provide a lot of jobs on an ongoing basis.” But the manufacture of green hydrogen provides employment. a great deal more than if you construct battery manufacturing.
Holland Hydrogen I, an electrolysis project near the Port of Rotterdam, has received Shell’s final investment decision (FID), launching the growth of a sizable hydrogen industry in the Netherlands.
The first green hydrogen plant to be built in Egypt will receive an $80 million loan from EBRD.
The project’s overall capacity for producing green hydrogen will increase to 2,20,000 tonnes per year.
Together with the Federal Ministries for Economic Cooperation and Development (BMZ) and for Economic Affairs and Climate Protection (BMWK), KfW presented the first financing platform in the world for specialized financing of green hydrogen infrastructure at the UN climate conference in Sharm el-Sheikh and introduced its derivatives.
Germany aims to encourage the growth of the hydrogen economy internationally and has established two new funding pools totaling 550 million euros.
The idea would have South Africa export up to 8 million tonnes of clean-burning fuel and its derivatives by 2050 and satisfy local demand of 2 to 5 million tonnes.
IDB has added technical assistance to its list of potential funding sources to aid in IDB has added technical assistance to its list of potential funding sources to aid in Honduras and Paraguay’s development of green hydrogen. and Paraguay’s development of green hydrogen.
