Economic and Social Development Bank (BNDES) and the World Bank have inked a transformative memorandum of understanding during COP 28 in Dubai. This strategic alliance aims to propel financing mechanisms across the entire low-carbon hydrogen value chain.
Spain’s Ministry for Ecological Transition and the Demographic Challenge (MITECO) has announced the award of €150 million in funding to twelve pioneering projects under the H2 Pioneers Programme, marking a significant step forward in the country’s green hydrogen ambitions.
In what was supposed to be the commencement of a groundbreaking project, the Hydrogen Innovation Center (HIC) in Chemnitz faces a significant hurdle as the anticipated federal funds of 72.5 million euros encounter a budget freeze in Berlin.
European Union, in collaboration with Brazilian President Jair Bolsonaro, endorses a monumental 10GW green hydrogen project stretching from Brazil to Croatia.
Ørsted revealed that the EU-Catalyst Partnership, comprising the European Commission, Breakthrough Energy Catalyst, and the European Investment Bank, is backing the FlagshipONE project.
German chemical giant BASF SE is poised to embark on a groundbreaking venture as it secures formal funding approval amounting to EUR 124.3 million (USD 136.2 million) for its envisaged green hydrogen plant at the Ludwigshafen headquarters.
The European Commission has marked a significant stride towards a sustainable energy future by designating crucial projects, including a hydrogen initiative in Sines and a maritime hydrogen pipeline, as projects of common interest.
