By 2045, in scenarios aiming for a climate-neutral Germany, hydrogen plays an essential role. Yet, a recent study by the Institute for Energy Economics (EWI) at the University of Cologne reveals a significant financial gap that could reach up to 200 billion euros.
A significant step forward in green hydrogen development was taken as VNG AG signed a letter of intent in Oran, Algeria. The agreement involves Algerian energy companies Sonatrach and Sonelgaz, alongside European partners SNAM, SeaCorridor, and VERBUND.
Windcat Offshore has initiated the launch of an innovative hydrogen-powered vessel at Ha Long Shipbuilding in Vietnam.
BASF has recently announced a significant expansion in its green hydrogen production capabilities by using Ultrason specialty plastic.
The renewable hydrogen market is expected to witness significant growth, reaching a value of $143.8 billion by the year 2032. This remarkable growth is driven by increased global efforts to reduce carbon emissions and the adoption of clean energy solutions.
Uniper has signed a significant Power Purchase Agreement (PPA) with a major international industrial gas producer in Germany.
Faurecia is part of the IPCEI Hy2tech initiative focusing on advancing hydrogen tank technology. The project aims to create two new generations of hydrogen storage solutions: carbon fiber gaseous tanks and liquid hydrogen storage.
Siemens, the German technology giant, is set to participate in an ambitious electricity terminal and green hydrogen project in Gippsland.
Tata Steel has entered into a landmark agreement with Lindab to supply Zeremis green steel.
Uniper and Sasol have decided to discontinue their project in Sweden, which aimed to produce aviation fuel using green hydrogen.
