Browsing: REGIONAL

Fortescue Invests $21.9M in HyTerra

HyTerra received a significant investment from Fortescue Future Industries Technologies, a subsidiary of Fortescue. The A$21.9 million investment will secure Fortescue a 39.8% stake in HyTerra, pending shareholder approval.

hydrogen

The BGSA consortium, spearheaded by distribution network Cadent, has secured funding from regulator Ofgem’s Strategic Innovation Fund to explore the underground hydrogen storage potential in the East Midlands. This grant aims to facilitate a geological study of depleted oil reservoirs in the region.

EU Initiative Backs Hydrogen in Aviation

H3 Dynamics, a company focusing on hydrogen technology, has been chosen by the EU-backed Clean Aviation Initiative to supply hydrogen fuel cells for a developmental aircraft project.