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Cop27: Egypt announced its intention to establish itself as a center for hydrogen production and capture 5% of the world market by 2040.

The “Green Hydrogen Forum” is launched by Belgium and Egypt with the goal of “becoming a European gateway for the import of green hydrogen.”

With plans to build a 300MW facility in Kokkola, Flexens and KIP Infra have declared intentions to establish Finland’s “biggest” hydrogen production plant.

TECO 2030 ASA from Norway, received a $10 million investment from SunHydrogen.

The collaboration will support commercial strategies, technology, and capacity-building initiatives for the deployment of low-carbon hydrogen in poor nations.

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.

During Energy Day at the COP27, a new worldwide commission was established with the goal of accelerating planning and approvals for the vast deployment of renewable energy sources and green hydrogen.