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According to sources, this large-scale alkaline water electrolyzer has risen to the top of the industry’s technological rankings.

However, it will only be able to move forward if European funds are available, as 2,876 million would be used to fund the entire industry.

This project was created with the goal of expanding the area of hydrogen mobility beyond vehicles to railroads and preoccupying the worldwide eco-friendly tram market in order to achieve carbon neutrality.

It is predicted to lead to a low-cost technique for mass-producing hydrogen, which is gaining popularity as a next-generation energy source.

The project’s main focus is on green hydrogen exports, but applications for heavy mobility, steel, chemicals manufacturing, and mixed-gas transportation networks are also being considered, which may convert the project into a green hydrogen hub.

This groundbreaking project in Portugal will serve 80 clients from the residential, institutional, and industrial sectors. Learn about the city that was picked.

According to the firm, its collaboration with a test fleet of 70 hydrogen fuel cell-powered trucks due to hit Chinese roads by the end of the year could have significant implications for the future of the Australian heavy vehicle industry.

Mitsubishi HC Capital, Tencent, Stratos, GE Aviation, Waltzing Matilda Aviation, Fourth Realm, Hawktail, Marc Benioff’s TIME Ventures, Jeff Wilke, and Spencer Rascoff’s 75 and Sunny Ventures are among the new investors in the round.

This initiative is one part of a bigger hydrogen vision, which is part of Xcel Energy’s overall clean energy transition plan.

Despite its risks and high costs, hydrogen, called “the fuel of the future” in the West, has the potential to forever transform the world’s energy, including Ukraine’s.