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.
Mauritania, Egypt’s energy company Infinity, and Masdar of the United Arab Emirates inked a memorandum of agreement for a $34 billion green hydrogen project in the West African nation.
Entrepreneur Talmon Marco’s Israeli business, H2Pro, has a strategic partnership with Sumitomo of Japan. Until the end of the current decade, the arrangement is expected to be worth around $250 million.
At Oswego, New York, the Nine Mile Point Nuclear Station is now producing clean hydrogen. The facility uses nuclear energy to produce clean hydrogen for the first time in the country.
A contract for pre-front end engineering and design (pre-FEED) work on a demonstration size project to manufacture carbon neutral e-methane from green hydrogen in Australia has been signed by Santos Energy Solutions, a division of Australia’s Santos, and Osaka Gas.
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.
