White Summit Capital is set to invest €250 million ($267 million) in a green hydrogen and methanol plant in Gijon, Spain.
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The past two years have seen a significant increase in investment announcements for hydrogen electrolyzers, particularly led by China. According to a report by the Washington-based Energy Research Unit, global investment in electrolyzers used to produce green hydrogen is projected to rise by 140% to $5 billion in 2024.
Wärtsilä has introduced the world’s first large-scale engine power plant that is 100% hydrogen-ready.
Lhyfe recently delivered 350 kg of green hydrogen to Géométhane for a trial at the Manosque site in southern France. This trial aims to test the feasibility of storing hydrogen in salt caverns.
McDermott has secured an Early Contractor Involvement (ECI) agreement from Abraxas Power Corporation for the Exploits Valley Renewable Energy Corporation (EVREC) project in Central Newfoundland.
New Zealand-based Fabrum, recognized globally for its zero-emission transition technologies, is set to supply Toyota with its proprietary liquid hydrogen storage technology.
As Hong Kong announces its new Strategy for Hydrogen Development, Legislative Council members urge proactive planning despite the current immaturity of hydrogen production technology.
At the recent Hydrogen Americas Summit, major oil and gas companies lobbied intensively for a broad interpretation of hydrogen tax credits under the Inflation Reduction Act (IRA).
Essar Group, a conglomerate with interests spanning metals to infrastructure, has announced an ambitious plan to invest Rs 30,000 crore over the next four years in a green hydrogen plant in Jamnagar, Gujarat.
The Chilean government has unveiled ambitious plans to develop green hydrogen, a move aimed at leveraging the country’s renewable energy potential and positioning it as a leader in the global hydrogen market.
