The values required to promote various energy sources in Portugal by the end of this decade were published by the government. To reach renewable energy and hydrogen targets, investments must total at least 45 billion. Around €60 billion, or 25% of the Portuguese GDP, according to Ministry of Environment and Climate Action financial records (MAAC).
In its Strategic Plan 2023–2027, Hiperbaric, a firm based in Burgos that develops high-pressure industrial equipment, underlines the growth of the green hydrogen market and projects that its revenue will increase by 2.5 times by 2027 to reach 158 million euros.
GS Caltex Corp., a South Korean oil refiner jointly owned by Chevron and GS Group, announced a partnership with Korea South-East Power Co., Ltd. (KOEN) to establish a clean hydrogen value chain.
Frans Timmermans, the executive vice president of the EU, and Kadri Simson, the commissioner for energy, have spoken with Saudi government representatives about expanding their partnership in the creation of clean hydrogen.
Green hydrogen experiments will be conducted thanks to a contract won by Bolivia’s state-run electricity firm, Ende.
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.
The “hydrogen power bidding market system,” a crucial component of the Yoon Seok-Yeol government’s hydrogen economy program introduced last year, has sparked a lot of interest from the business community.
The government of Ceará and the industrial automation giant ABB have signed a memorandum of understanding for the establishment of a center for the generation of green hydrogen in the state.
A partnership between URBAS and AECOM has been announced to develop green fuels, green hydrogen, and green ammonia projects that support the global energy transformation.
A draft Memorandum of Understanding (MoU) between the National Energy Administration of China and the Saudi Ministry of Energy in the area of clean hydrogen energy was authorized by the Shoura Council. This came after the council’s Energy and Industry Committee had presented a report on the subject.
