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In order for the maritime sector to achieve the goals of the Paris Agreement, emissions must be cut by 45 percent from 2010 levels in 2030 and reach zero by 2050.

Allianz Capital Partners (ACP), a subsidiary of Allianz Global Investors and Allianz insurance companies (Allianz), a German-based investor in renewable energy and infrastructure, has announced that it has entered into an agreement to acquire a minority stake in Nordic Ren-Gas Oy, a Finnish project developer for green hydrogen and power-to-gas (PtG) projects (Ren-Gas).

Using only renewable energy, this production facility is the first of its kind, according to Hiroshi Kinoshita of Panasonic’s Smart Energy System Business Division.

According to France Hydrogen, the industry’s most ambitious scenario for the growth of decarbonated hydrogen production capacity in France should be followed, with more than 250 projects identified and 225 vehicle charging stations by 2025.

According to a senior official at the Ministry of Energy and Minerals, Oman’s government anticipates attracting investment totaling more than $20 billion in the green hydrogen sector by 2030.

Spanish Prime Minister Pedro Sanchez stated on Friday that an underwater pipeline to transport green hydrogen between Spain and France will cost approximately 2.5 billion euros ($2.6 billion), adding that he hoped the European Union will partially fund the project.

In Galicia, Repsol, Naturgy, and Reganosa will work together to build a renewable hydrogen manufacturing facility.

Metacon provides containerized hydrogen production facility for Romanian project Romania’s Ground Investment Corp SRL has ordered a 10-MW containerized hydrogen…

Toyota and BMW are among the major Japanese and German manufacturers that are entering the hydrogen-powered vehicle industry, which is currently dominated by Hyundai Motor Co.

According to the International Air Transport Association, the global aviation sector may use 15% to 20% of the world’s predicted 600 million tonnes of hydrogen by 2050 for the development of sustainable aviation fuels (SAFs) and to power new aircraft (Iata).