Finland’s state-owned transmission system operator (TSO) Gasgrid and the Government of Åland have signed a letter of intent (LoI) to collaboratively explore the development of a hydrogen network in Åland.
McPhy Energy, a French company specializing in electrolysers, has revised its revenue forecast for FY2024 due to delays and strategic changes. Initially expecting €18-22 million, McPhy now predicts revenues closer to €11 million.
A staggering challenge underlies this transition: conventional hydrogen production methods, responsible for over 800 million tons of CO₂ emissions annually, starkly contrast the clean potential hydrogen is touted for.
CaetanoBus has delivered the first 10 electric hydrogen-powered buses to EMT Madrid by late December. These buses are now ready to begin operations in the Spanish capital.
According to Wood Mackenzie, 2025 is set to be a pivotal year for the low-carbon hydrogen and ammonia sectors, following modest progress in the previous year.
The European Investment Bank (EIB) is providing a €25 million loan to Resato Hydrogen Technology, a Dutch company that specializes in hydrogen refuelling stations.
JCB, a leading construction equipment manufacturer, has received official approvals for its innovative hydrogen engine across ten European nations, marking a significant breakthrough for green technology in the construction industry.
