A formal agreement was made in Mumbai by Kris Peeters, Vice President of the European Investment Bank (EIB), the bank of the European Union, to join the India Hydrogen Alliance (IH2A) and increase support for large-scale green hydrogen hubs and projects throughout India with an indicative funding of EUR 1 billion, subject to Indian Government and EIB approvals.
Fabrum, a New Zealand-based startup, announced its $23 million Series A fundraising, which was led by AP Ventures of London and included Fortescue Future Industries of Australia, Obayashi Corporation of Japan, and K1W1 of New Zealand.
First Hydrogen is eagerly anticipating the acceptance of the EUR 250 billion in green technology subsidies provided by European Commission President Ursula von der Leyen.
Three projects run by Rolls-Royce will receive £82.8 million (US$100 million) as part of a £113 million (US$136 million) investment from the UK to progress the development of a zero-emission liquid hydrogen combusting jet engine. The ATI Program is used to distribute the funding.
Elogen, a member of the GTT group, has contracted with CrossWind, a Shell and Eneco venture for the development of the Hollandse Kust Noord (HKN) offshore wind project, to create a Proton Exchange Membrane (PEM) electrolyser with a capacity of 2.5 MW.
In a new collaboration between oil giant Shell, UK hydrogen aviation pioneer ZeroAvia, and Rotterdam The Hague Airport, commercial hydrogen-powered flights from Rotterdam are planned for 2025.
A memorandum of understanding was signed by VERBUND and Masdar to work together to test the generation of green hydrogen for the Central European market.
HPC Hamburg Port Consulting (HPC) has been hired by the municipality of Helgoland to conduct a concept study for the development of a hydrogen bunkering station on the deep-sea island, which is located about 155 kilometers northwest of Hamburg.
