Browsing: Europe

Spain is leveraging €1.5bn in EU funds to propel itself into the forefront of the green hydrogen revolution. However, scars from the country’s solar energy missteps in the early 2010s serve as a stark reminder of the importance of careful planning and foresight.

Acciona Energía, a subsidiary of Spanish utility Acciona, is gearing up to initiate construction on the Aldoga solar farm in Queensland.

In a recent turn of events, Plug Power witnessed a 5.6% dip in Wednesday’s trading following Morgan Stanley’s decision to downgrade its rating to Underweight from Equal Weight.

European Union has formally designated the second southern hydrogen corridor, linking Algeria to Germany via Tunisia, Italy, and Austria, as a “Project of Common Interest.” This classification not only expedites its implementation but also opens avenues for financial support.

During the recent visit of the Belgian Royal Couple to Germany, three energy giants – Fluxys, OGE, and Wintershall Dea – inked cooperation agreement, ushering in a new era of cross-border collaboration in the realm of clean energy.

In a dynamic shift towards sustainable energy, oil and gas majors have emerged as significant players in the low-carbon hydrogen market, commanding an 8% share globally. This paradigmatic transition reflects a strategic response to the escalating demand for cleaner energy alternatives. Let’s delve into the goals, technology, potential impact, and challenges surrounding this transformative trend.

Shell and Stork have solidified their collaboration through an agreement for the Holland Hydrogen 1 Project.

Formula One (F1), the International Automobile Federation (FIA), and the newly rebranded Extreme H series have announced the establishment of a joint hydrogen working group. This strategic move aims to explore and evaluate the potential integration of hydrogen technology into the realm of motorsport, marking a pivotal moment in the evolution of racing technology.

Masdar, a global renewable energy leader, and VERBUND Green Hydrogen GmbH inked a deal at the UN’s Climate Change Conference COP28 in Dubai, that could reshape Europe’s renewable landscape.

In the quest to establish a coherent governance structure for the burgeoning hydrogen market in the European Union, negotiations are underway, with divergent views and proposed models vying for consensus.